Hey WSOers,
I know there is a feed for the specific recruiting process of Liontree for this year. I was wondering if anyone could speak to the culture and particularly the hours of Liontree. I saw an article that they constantly have 90 hour weeks is this true? Or are they similar to other banks? Any advice is appreciated thanks!!!!
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Honestly not sure what to even say about that article. If you search WSO or see accounts of any other firm, you see people constantly comparing and quoting things like 100+ hour work weeks across most top group. I find it funny that people are freaking out about 90 hour work weeks... if that is your fear honestly banking isn’t for you - not meaning this in a mean way. Just saying no matter which bank you end up at (if it is a good group) you are going to have times when work hours are pretty rough, and if that is your number one concern and priority I suggest you look for a different job with better work life balance that fit your goals... 2-3 years of an analyst stint is a long time if you hate every second of it
People in this thread are saying "oh all banking groups will say they have hours like that, all these groups are the same" but they're not offering any kind of specific information to back that up. I know people who have worked there and have had bad experiences so here's my 2 cents.
1) The hours are real. For my friend who was an intern they worked 9am to 2am Monday-Thursday, maybe getting out at 9pm on Friday and then 8 hours both weekend days. That's a lot as a baseline, and they would have stuff go live where you needed a book the next day and people would pull all-nighters to finish that stuff
2) The internship cuts a lot of people. I know some people who were stellar at their jobs and got axed at the end of the summer, because the company will hire more interns than they need and then just arbitrarily cut people. Not what you want from an internship
3) Don't fall for this idea of deal exposure making this a more prestigious job than a middle tier BB. If no one has heard what firm you're from, how are they gonna know how good your deal exposure is? And just because you get a lot of responsibility on deals with big buyside clients doesn't mean the buyside client isn't gonna play it safe and hire from top BB and EB groups like they usually do. My understanding is the exits aren't great to say the least.
4) It sounded like the culture was work hard/play hard in a bad way. It sounds cool to be solo staffed on big projects and getting all this responsibility, but once you get 6 months deep into banking you're gonna realize it sucks because you are chained to work every waking moment with no one to take over if you're not available.
My advice would be to proceed with caution and think very hard before accepting an offer there.
Have you experienced it firsthand?
Homie literally says he knows people who have worked there in the second sentence
Got distracted in the scariness.......
Also, their intern class this year looks like 8 in NYC and 2 in SF - this does not look like over hiring given that NYC has 40-50 bankers and SF has ~15? Looking at the totally analysts this looks like the minimum number that they want to convert. Not saying that the hours you are quoting aren’t bad, some of this seems like a quote of the extreme view and not sure if point no.2 can be backed. And yes, I am saying this because after spending 4 years in banking we all have friends from most shops and not all of this seems accurate and is misleading to say this as a blanket statement that 100% of the people there have that experience.
I have friends from both offices. Look, when there are live deals there things are hard, but that is the case with every top group. 8 in NYC and 2 in SF this Summer is the actual number, the firm has 80-90 bankers globally (NYC, SF, London, Paris).
Hour when there are live deals are indeed rough, but everyone is aware that there are cycles to this. When things cool down I see my buddy finishing at 6-8pm some weeks/months.
Don’t think it is a fair view to make it seem like this is what it is like all the time to everyone. Also if going off of anecdotal accounts, you will find people who have had “bad experiences” at every shop and you can’t say that everyone will experience the same.
I mean hey, you don't have to listen to me. I'm sure there are people who have a great experience there. And yeah you can quote how many people work there and how many interns they have, but this is something that I heard happened over two separate summers. I also never said 100% of people would have that experience, don't put words in my mouth.
OP - I would advise you get multiple points of view from people. I commented because I had anecdotal datapoints on the firm and thought you should be aware. Also be aware that people will anonymously rep their firm in the comments here sometimes. Some of the stuff I mentioned may have changed but these are things I've heard over the last few years.
You sound like one of the interns that got cut lol