Anyone have information on Lincoln regarding culture/deal-flow/comp/interview process/exit ops/SA program?
Posts regarding this are pretty old. I've heard good things thus far though.
Thanks!
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No idea on hours but the people seemed like stereotypical nice, grounded Midwesterners in Chicago. Had 2 phone interviews for SA - analyst then associate, easy more about culture and some understanding of valuation methods. Their target schools for Chicago are some public big 10 schools and ND I think. Well-regarded MM sell-side M&A that gets solid PE looks or direct promote.
Culture is great. people are nice and helpful. deal flow is strong and increases year over year consistently. comp is street standard to above average. exit ops are good and getting better as the name catches up to the deal flow
What are your thoughts on Lincoln Interational? (Originally Posted: 04/11/2013)
Do you think it is a good shop? Prestigious? Good deal flow? Good Pay?
great middle market firm. culture is good from my interactions with them pay is street bonus maybe slightly lower
One of the top MM shops IMO. Consistent deal flow. Average to above average comp for the MM. Just below Blair. Lots of MM PE exit opps.
rank these 5 all Chicago: Lincoln, Blair, Baird, BMO, Duff
Blair Baird/Lincoln (Baird does some shitty deals along with some great ones) BMO Duff (needs to regain focus on IB instead of all of the other services they offer)
Blair BMO/Baird/Lincoln Duff & Phelps
Do BMO analysts in Chicago get MM PE opportunities?
This. Except I'd put Baird above Lincoln and below Blair, or maybe equal to Blair depending on the group.
If we're ranking these banks depending on exit opps, I'd rank it like this:
Blair / Baird - Both banks place at a near 100% rate into MM PE shops. If you want MM PE you'll get it at Blair / Baird.
BMO / Lincoln - They have struggled in recent years, but prior classes have fared well.
D&P - Not too sure about these guys. Met a few of their bankers and did not come away impressed.
I know at least half of Baird's IB office is in Milwaukee. Do those guys place well into Chicago/NY MM PE as well despite the location?
Obviously much better into Chicago or MW MM PE.
Above average pay. Personally know a couple individuals that went to HBS/Wharton after their stints. Not sure about their deal flow, but obviously won't be as good as Blair/Baird. Good MM PE placement.
HBS/Wharton after a 2 year analyst stint?
How is their M&A group in LA or perhaps in general? Thanks!
Great
.
They have good MDs in San Francisco
“Nice guys of banking,” good firm good culture, def MM and talked to a GS MD who spent the call shitting on them for some reason. Not a first choice, but a good option esp if you desire more lifestyle freedom
Agree with all the above except some groups (TMT specifically) can get sweated at times
Second this. TMT is sweaty
Guess I’m going against the grain here. Working in Chicago IB and have tons of buddies who work at Lincoln. Heard it can be group dependent. Some of their friends have gotten absolutely grinded and have tried to lateral. Also, don’t forget about the intern who died there in 2018:
https://www.efinancialcareers.com/news/2018/07/junior-banker-dies-linco…
Agreed - hours absolutely are, as is the case with every office and every bank, group dependent
Have a few friends at Lincoln. Can confirm they pay street. Associate 175/200/225 with 100% bonus target. Seems like a great culture where a lot of people become career bankers
The strong culture that you hear about mainly just applies to the Chicago office. NYC and LA are much different.
Have a buddy in the San Francisco office who says the culture is pretty strong, although works a good amount sitting in TMT which is busy
1) @unleveragedbonus You're just an intern. You joined at the slowest time so you have little insight into the culture and hours
2) Your "sources" above are inconsistent with your latest post
3) What PE exits have you seen out of NYC in recent years?
Can I PM you by chance? Have an offer but haven’t accepted
Ignore my title. Culture is different across Chicago and NYC for sure. Lincoln in NYC is just like any other new york investment bank culture, nothing special IMO. Lincoln NYC was very sweaty during covid boom, mainly in tmt and healthcare, like very sweaty. Chicago is different tho, def some truth to the lincoln culture propaganda in that city. No clue about the other offices. Not a bad job if this is an option for you, but don't buy all the propaganda.
What are avg deal sizes in the last 1-2 yr?
Pretty small, moved a bit upstream past year cause deal activity was super high. Who knows with the current environment tho. They don't announce deal sizes for most deals, which usually means they are small.
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