MTS Health Partners 2022 - Information and Reputation
What is the reputation of MTS? What are exit opportunities? Does anyone have information on recruiting?
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I have a buddy who just lateral there - hours are tough, pay is street
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It’s a good shop but also a sweat shop
^Can confirm. Believe 6/10 original AN2 class have left as of yesterday, which is making it even sweatier. People are leaving literally faster than they can hire.
Any additional insights? Culture is toxic? Excessive pitching? Poor senior banker management?
Culture is strong at the junior level (AN -> VP) - especially ASOs - and seniors are mostly good but definitely more of a mixed bag. Pitching is one element - MTS has a unique way of pitching that involves endless profile books that are a huge time-suck outside of deal-related work. Otherwise dealflow is just very strong right now, which obviously leads to more hours.Other part is that it's just too easy to move upstream right now. Any of our analysts could easily move to BB / EB, so a lot of people don't see a reason not to. This creates a vicious cycle where AN2s leave, making it sweatier for everyone who's remaining, thus pushing more people out.
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+1 to this. AN1 here who will 100% leave if WFH policy becomes any less flexible.
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Does anyone have insight on what targets they recruit from?
Dartmouth, Wharton, Columbia, Notre Dame
How about weekend work?
Would be interested in this ^
The associate 3 I know does no weekend work but perhaps that’s cuz he’s senior?
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That's pretty insane. What do you think all-in comp would be around for a first year analyst?
A VP and an associate 3 I know are forever chilling. (Been there since analyst years).
so either it’s not a sweatshop or theee 2 guys are really efficient and fast in their work
Difficult to judge on the basis of two folks. Could be anything...
I've heard it is quite sweaty and folks literally work every Sunday
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Interviewed with and had an offer from these guys. Sense was they were working primarily on life sciences txns (2/3) and some services (maybe ~1/3 of deal flow) primarily with offer value under ~200M. Know that some of the senior guys have strong backgrounds (though doesn't sound like founder Curtis Lane is actively involved in finding deals at the moment) - pretty sure Andy Weisenfeld is the primary fee generator at the firm these days.
As it relates to exits, know of a few guys who exited to stronger banking platforms before their two years were out - sometimes to non-healthcare groups as well. As for buyside, seemed there was a nice pipeline to healthcare-focused growth and venture shops (Northpond / Aisling / etc.). Most people exit but some homegrown bankers at the firm (one director who joined as an analyst out of undergrad.)
At the undergrad level, key schools are Wharton and Dartmouth (primarily b/c MTS runs a winter program that schedules well for Dart students). Many of the Wharton students come from the healthcare management program. Quite a few Columbia guys.
Pay is strong at least at An and Asso, obviously can't say beyond that.
That director just left, lol.Also just lost an AN1 to GS and AN2 to Orbimed.
Ha, didn’t realize
Funnily he was the main guy encouraging me to come on
Have heard Orbimed is a strong shop
Any more information? Interested in lateraling to them.
Unanon your comment and I'll send you a PM.
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It's a no name bank outside Healthcare and even inside Healthcare is lower tier garbage
^^This - I would rather shit in my hands and clap than to work for MTS. MTS actually stands for "Make Them Suffer" with "them" being the analysts
Can you elaborate on the suffering part? Are hours / weekend work worse than other banks?
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An 1 here - leaving the second bonus hits. Hours are far more than other banks
What do hours generally look like?
Is it specifically bad for their Life Science coverage or their Health Technology coverage? Or both?
Hi - can I DM?
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hmmmmmmmmmmm
Honestly what is a MTS
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An1 left today because it is a sweat shop. Sent a stupid email to the partners on his way out
An1 left today because it is a sweat shop. Sent a stupid email to the partners on his way out
An1 left today because it is a sweat shop. Sent a stupid email to the partners on his way out
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