Is Moelis NYC still a sweatshop? Recent culture insights?
All, looking for post Covid insight into Moelis NYC office culture and reputation. Only major insight I remember is the infamous staffer email from 2018ish. Any insight would be helpful.
about 9-5 average hours, minimal weekend work.no firm on wallstreet with such high pay and a sensible WLB. seniors really care about the junior team as well.
Is this a meta joke
Oh I can see that you're a quick learner . . .
friend interned there and said it was brutal
I’ve heard great things about REGAL culture. Pretty sweaty across the board.
Had a very close friend there who left this past cycle. Brutal hours are still common place but the frequency varies widely from group to group. C&R I was told is reasonable although there is nearly always only 1 analyst on a deal so if there's a firedrill, good luck. HC is tough across the board. Their biotech/pharma team does a ton of pitching, HCS gets crushed by sponsors. The other groups didn't seem all that out of the ordinary, but as per a lot of IND groups, a lot of alpha male egos there who think they're your drill sergeant. I will say, their pay is good but not outrageously good to make it that great of a value proposition. Was a bit surprised when they told me their all in comp, and they were solidly above average in a good deal flow group. Base is same as the BBs, and bonus is maybe 10-20k more than what a top BB group would pay.
Turnover is high with almost a 100% exit of their analyst class after 2 years, as a result, the feeling of expendability is somewhat high. Although same vibes as a place like GS where the analyst class also nearly always dips. I saw this year's vault rankings and they were ranked #1 for hours. Idk if HR held a gun to their heads as they filled that out but that's not the case. All in though, probably still a better experience from a compensation and potential exits standpoint than most Tier 2 BBs. Just my 2nd hand opinion here.
They probably misread the question and thought it meant #1 ranked for most hours worked
Is comp really not that high? Saw on another thread + litquidity that As1s at MOE allegedly made 400k+ all-in? Figured that number is probably too high but guessing you still get paid a lot more at EBs than BBs etc.
Dude, most first-year associates made $400k+ this last cycle. I have a friend that cleared $470k at Stifel. 2021 is not a year to model future comp off of.
100% exit after two years? Is that accurate???
I would think that someone in upper management would want/need to do something about that if it was even remotely true.
Probably closer to 75% but still high.
Does anyone know how the LA office compares culture / hours wise?
Was on the phone with one of the LA guys and he told me its def the worst office since its such a small group and Ken sits there all fucking day
so is the only reason people get in is cuz of high turnover? Must attract lots of hungry non-target kids.
Can anyone comment on the lateral process?
And yet another thread like this....
If a group / firm is a sweatshop, it doesn't just change over night. There would need to be a serious push from the top to address this. And no, I don't mean "here are a few hours where we'll try not to bother you but in reality if something needs to get done, do it". Also, if a firm pays above street, it is likely (not always the case) that they do it because it sucks and if they didn't, they would lose out on talent.
On top of this, once you're an associate/VP or move to the buy-side, you realize that you would've traded $25k at 23 to spend 10 hours less a week in the office in a heart beat.
How does MoCo compare to Laz/PJT from hours/culture/comp/exits now?
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