Is it true Placement Agents make more than IBD?
Was headhunted for a role at a placement agent, the recruiter said there are two main types of fund placement agents, the boutiques such as Rede, Campbell Lutyens etc.. and the fund advisory/placement divisions of investment banks like Evercore, PJT, UBS, Lazard, Credit Suisse etc..
They said everything online is quite inaccurate and people expect PAs to pay less than IBD or for boutique PAs to pay less than EBs but it's the opposite and the boutiques pay significantly higher than IBD/EBs. They said within a bank you would usually earn the same if not slightly less than their IBD teams, but at a top placement agent boutique you could earn double IBD/EBs.
They said they'd never recommend doing fund placement within a EB due to missing out on the higher pay the boutique PAs offer and said that the top placement agent boutiques they recruit for pay analysts 100% bonuses and their associates 200% or higher bonuses on a base salary the same as IBD and at the senior levels they easily clear millions.
Is this true? Or is the headhunter bullsh****** me to get me to apply?
I interviewed for a top placement agent at an EB some time ago, and from what I gather, juniors typically don't make as much as IBD (bonus is lower) but seniors can make more because they get to keep a % of the funds they help raise
Thanks for the reply.
I guess this supports/agrees with the headhunter in the sense that doing it at an EB is less paid than the boutiques placement agents?
I don't necessarily think this is true. I think it depends if you're on the primaries or secondaries side (secondaries is generally in line with IBD at an EB). Here is a good thread on this topic-
https://www.wallstreetoasis.com/forums/top-fund-placement-vs-boutique#n…
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