Is FT Partners Now Officially the Most Prestigious EB?
FT Partners has now recently confirmed that they have bumped analyst 1/2 base salaries to 140/150k in the U.S. and £85k/£95k in the U.K. If there bonuses are in line with previous years, that would mean their TC would be around $300k+ for an1's and would be top of the street (higher than cvp, dyal and Q). I know FTP has had a reputation of recruiting non-targets due to their horrendous culture - which apparently has been fixed- but I can now imagine with these new changes that they are going to shift to recruiting talent from target schools flocking to want to join the highest paying bank on the street. I was wondering if these changes will now make FTP the most prestigious and difficult boutique to join, ahead of Dyal, Q and CVP?
Prestige and pay are not entirely correlated, although the perspective of people is often swayed by material outcomes (ex. Part of what makes IB “prestigious” is the fact that we make double sometimes triple what our peers out of college make). That said, money is not the only quantifiable trait of prestige. If that were the case then a Trade school would be more prestigious than Harvard because out of school a Plumber definitely makes more than a Harvard politics or economics major on average.
The reality is a lot more complex and nuanced. FT will need to begin winning more big name deals, beating out the likes of Ms and Gs and Q on equal footing. And even then it’ll take years before they will realistically develop the brand value that some of the “comps” you mentioned enjoy today.
OP has two posts and they are both about hyping FT. My guess is either a troll, FTP HR, or someone trying to hype their own firm.
definitely not - pay doesn't equal prestige lol
Money =/= prestige. If it did, the greasy virgin techbros like Suckerburg and Bozos would be prestigious.
Pretty sure the extra base will mostly come from their bonus lol. If higher base automatically translates into prestige, banks wont hesitate to give u 300k base then file a chargeback (-80k) when bonus time comes lol.
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Please listen to the man in consulting who most likely travels to Alabama to work on "major" deals for months on end and has never been asked to model any relevant LBO or comp analysis in his life.
Consultant mad as hell realizing his all in comp base salary of a random bank
Yeah but at least he has mastered Porter’s 5 Forces
What did he say? He deleted it
What did this guy say? He deleted this comment lmao
Salty consultant who failed his FT interview lol
I guess it would be better to have zero identifiable value add on an interesting deal in consulting? Don’t you have some SWOT analysis to run? I don’t work at FT either so don’t bother with that.
oh my oh my this dude got absolutely clapped so bad in the reply section that he deleted his original comment LOLLL
Lol what did this guy say?
Ft had horrendous bonuses this year fwiw
What were they like
How do you know?
What were they?
Troll post. Real prestige comes from being able to walk around with a firm's name on your resume and command instant respect from employers and poontang. Making 140k on an annual basis for the 9 months you're able to survive at uncle tony's banking stop'n shop doesn't impress anyone worth impressing, and certainly doesn't open many (good) doors.
"poontang" LMAO. half of you are definitely not having consensual intercourse with women in real life.
I'd be very interested to get your thoughts, OP, on the definition of 'most prestigious'. Then we can at least look at the EB population through that lens.
Your current post is probably going to get a lot of monkey shit because it seems you're basing prestige on comp. There's a bit more to it than that in my mind...
All the eager FTP kids lol
FT Partners is not even an EB.
it's not even tech. it's only fintech lol.
Im under the impression that fintech has the most room to grow as an industry, so wouldnt fintech be the place to be right now for m&a? I mean, FT partners must have justifications for raising their base (in addition to the amount of work theyre known to give). Im also a big fan of healthcare and tech as a whole, lots of continuous advancements happening here. Curious to hear your thoughts
Smells like a post by the old legend, Richard.3
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