To be upfront, my current firm in NYC has pretty bad deal flow in general, and to be honest it's been great. I still get staffed on decent deals - my hours are not that bad at all, barely work weekends, and I still get a street base and bonus. Why work for GS or MS when I can make the same? Total lifestyle bank - shame I have to subject myself to horrible weather, the subway, trash on the street, and lingering piss smells of NYC for it.
What BB/EB/Boutique banks groups in LA have terrible deal flow? I would want to focus my lateral search on them.
Thanks for your time.
In before "Moelis LA" as the first response.
Love this, we need more people who think like you in the business. Worst case ontario just lateral to some 40 hour a week corp dev job
I've closed 3 M&A deals in one year before covid, one being around 2bn in size. Sure not mega deals, but decent enough. Still got a street bonus and work corp dev hours sometimes, thats what this is all about boys.
If you as an analyst closed 3 M&A deals in a year, then your group definitely doesn't have bad deal flow. I've seen entire groups within BBs that don't close this many M&A deals in a year (mostly at DB) where the analysts basically work on debt offerings.
If you have that transaction experience and good hours, enjoy it.
Moelis LA handsdown. Chillest hours with no dealflow.
Stop spreading lies. This is the exact opppostie.
I think people that work at Moelis are total losers. Consistent late hours (worse than any other bank). Everyone leaves because it sucks, everyone goes to megafunds like Apollo where the culture sucks and they get booted in two years. Then you either pay 200k for an MBA, or go to Corp Dev.....which any bro coming out of college could have attained without going through that hell.
You have to be real beta person to get abused in your summer internship like Moelis dishes out, and then decide "I should return to this" rather than recruit again at a chiller bank like CS or Barclays.
Did some guy from moelis fuck your girl or something ?
? Don't think it's a secret they overhired and analysts can have very decent hours (obviously can't speak for every single analyst, but friends have told me this is the case). Not necessarily a bad thing, especially given pay is still above street, and certainly no reason to get offended
Inaccurate. They hired about 8 FT analysts last year, which is in line with all the previous years (the analyst class is always about 8-9). It's still a sweatshop, but the team has a strong much work hard, play hard culture, and there are greater social initiatives in place, especially for the interns, so to prevent something like the DLJ too busy email from reappearing, but it's still a grindshow. This is because the office has exceptional deal flow, considering Jeff and Navid are located and bring in a ton of clients into the office, so I have no idea how the comment above got SB'ed - OP even mentioned as a joke not to mention Moelis LA. It's well known to be one of the best offices on the Street in terms of deal flow and exits.