Anyone have any thoughts on Miller Buckfire as a firm? Typical datapoints (ie comp, lifestyle, exit opps, etc) and/or any other relevant comments would be greatly appreciated. Thanks.
| +326 | UBS Tech MD hires Son (from no-name college) as an Intern | 57 | 15h |
| +243 | Evercore Intern Seizure | 38 | 2h |
| +90 | [Official] 2026 IB Analyst Bonus Megathread (with 2025 Consolidated Pay and Perks/Benefits) | 12 | 2d |
| +55 | Is DCM actually underrated ? | 21 | 14h |
| +54 | JPM M&A is Gone??? Purely Coverage Banking??? | 22 | 5h |
| +46 | Are all Tech / TMT groups sweaty? | 33 | 1d |
| +40 | Losing my personality in Banking | 6 | 4h |
| +39 | Am I behind? 31 Year Old Analyst | 9 | 1d |
| +38 | Associate & Above IB exits | 16 | 2d |
| +31 | Incoming IB Analyst: Best Ways to Prepare? | 8 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
I had a superday and was really impressed - everyone seemed cool and smart... their comp is top notch (I think base might be above street), seemed like a pretty sweet place to work in terms of lifestyle (staffed on two-long term restructurings at a time, probably not much pitching), exit opps seemed good into distressed hedge funds or pe. The analyst program is 3 years and half the people I interviewed with were associates who had been directly promoted from analyst. If you're interested in restructuring it seems like you can't do much better. PM me if you have any other questions.
Hey did you work at Miller? I have an interview with them and wanted to know if they would ask more specific questions about different types of debt or more about financial statements and how they change during a distressed situation. I cant send a PM so any advice would be great!
Base / Sign-on comp is actually below street (65 / 8). Lifestyle is just like any other restructuring group (most, if not all, groups run lean at the junior level). Friends that have worked at MB haven't had anything extraordinarily negative to say so I can't imagine that the lifestyle there is anything other than you might see at typical investment banks.
Certainly a good place to be for restructuring as they are very well regarded within the space. However, i've gotten the impression (and somebody feel free to correct me if I'm wrong) that if you start out at a place like MB (or even HLHZ FRG) and focus specifically on restructuring it would be tough to move out of the distressed arena. I would be sure that restructuing is something I would be interested in long-term. To add on to that, restructuring engagements (especially Ch. 11 cases) tend to be very long and drawn out, which is different in M&A, so I would not surprised that you might only see 4 - 5 engagements close within your 2 - 3 years as an analyst.
^ Very good post. Restructuring is hard to break out of and within a few years I would say it is definitely going downhill as M&A is quickly picking up.
Not a good place to be stuck in.
I would say that the cycle has been over for several months now (or at the very least waning) and many of the continuing projects are ones that were engaged previously in late 2008 or 2009. The debt markets are slowly opening back up and I think that you'll see many of the companies that would have previously restructured go into the public markets and refi.
On the flip side, a lot of the work in restructuring is actually pretty interesting and there is a lot of money to be made, especially if you become a principal investor. A lot of distressed / vulture funds have purchased a significant amount of debt for pennies on the dollar and will look to unload that (either into equity, back into the public markets, to the company etc.). Some of the stuff that Oaktree, Matlin, Sun do is pretty cool and certainly more interesting (IMO) than a traditional buyout or growth equity shop.
If I were interested in doing that type of stuff, I would definitely choose Buckfire over a lot of other name brand firms purely on the type of work that I would be working on.
Buckfire is fine. Lots of folks on here don't give any credit to smaller or specialized firms.
what are they specialized in?
I also had a superday with them last year and they have one of the hottest HR people I've ever seen. You'll meet with 7 or 8 people (most are 2-on-1) and every room you go through is fit except for their "technicals-only" room. One of the most rigorous technical interviews I've been through. They're all smart and gender-diverse at the junior level (saw a couple female analysts/associates, and know a female VP there). Since they have such a small class (both summer and full-time analysts), they are selective in bringing on-board kids with high GPAs and strong finance knowledge - this is like most strong boutiques. MB is well-respected in restructuring and place well in distressed funds like oaktree and cerberus.
NTbanker10, is this interview for SA or FT?
From what I can tell, Miller Buckfire is still a pretty strong restructuring advisory firm, which tends to be a pretty niche market. However I know/know of a LOT of fairly senior-level people who left the firm for other shops 2-ish years ago. Take from that what you will.
Oh also, they're advising Detroit on their Chapter 9, and doing it pretty much pro bono (Kenneth Buckfire is from Detroit) so if you're gonna be starting soon get ready to deal with that whole nightmare.
That actually sounds really cool. Does anyone have more opinions on the ability to break out of restructuring from MB?
Might have a little bit of useful information for you, I will PM.
Miller Buckfire - Summer analysts (Originally Posted: 01/03/2013)
Hi Monkeys,
Question about Miller Buckfire: Since they were acquired by Stifel, would they still take their own summer analysts?
And what happens to kids who might have had offers or interviews before the acquisition?
Thanks, TS
I would imagine that they will continue to take SA and that people with offers or interviews will still have those. Stifel doesn't seem to be doing too much to integrate its new acquisitions (yet) or change much. FYI this is my opinion based off of talking to a few people at KBW/MB but by no means the absolute truth.
they're taking summer analysts this summer.
.
Everyone says Miller Buckfire is on the Decline... (Originally Posted: 04/20/2012)
Everyone includes Miller Buckfire in conversations regarding Top Restructuring Shops, but usually qualifies their statement, noting that they are on the decline...
How come?
Thanks.
As far as Rextrux goes, two of the top rainmakers left to start the Restrux practice at Centerview last July: http://dealbook.nytimes.com/2011/07/01/centerview-hires-2-bankers-to-st…
Also, Henry Miller (literally the Miller in Miller Buckfire) left the firm before that.
Omnis sed rerum quos sed consectetur est. Accusantium quia vitae fugiat aut. Ipsam fugiat quisquam et et labore iusto.
Repellat velit sint dolorum est laboriosam consectetur doloremque. Enim a optio ut fuga. A minima exercitationem iusto molestiae. In quod aliquam a atque exercitationem ex.
Excepturi aut quidem ratione consequatur nulla ullam error. In quibusdam placeat consequatur officia.
Aut qui voluptatum culpa amet. Omnis quisquam qui aut molestiae dolor voluptates ex ea. Similique quo rerum consequuntur rerum quis eum sit. Alias incidunt ipsam et omnis quis facilis et.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Commodi voluptatem provident minima quaerat expedita maiores quasi. Est nihil cupiditate molestias. Autem error vel rerum quod quia velit. Suscipit aperiam harum quasi consequuntur nobis sint. Dolorem qui assumenda quae saepe cumque enim necessitatibus non. Eos recusandae aliquid id consequuntur cumque.
Iusto qui placeat ut laboriosam laborum. Reiciendis neque et sint quos aperiam repudiandae.
Qui consequatur at nesciunt eius. Odio sed explicabo itaque exercitationem et. Ut iusto est ut dicta explicabo. Sapiente sint ex totam sint.