Non-Target to BB/EB: How to Pivot After Generating $10M+ Deal Fees?
Hey everyone, long-time lurker here. I could use some tough love/advice on breaking into high finance.
Background:
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Non-target, 4.0 GPA
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Location: Europe
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Some internships across banks + 1 year at small-cap private equity + 2 years at a two-men boutique (my boss and myself)
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Closed a few cross-border M&A deals in the last 2 years (EV 500m - 1bn range), drove $10M+ in fees
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As it's a two-men boutique, I do everything, which includes direct negotiation/structuring/closing the deal and having direct exposure to the Buyer/Sellers' decision-maker
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Current comp: ~$150K all-in (base + bonus)
Problem:
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Boss refuses to title-bump or profit-share (I’m a junior on paper)
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0 interviews after 50+ BB/EB apps (both Associate and Analyst)
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Had resume polished + networked with retired MDs (they say my resume’s “sharp”)
Ask: Advice on how to break into the EB/BB
Shit in your boss’s coffee
I would love to - unfortunately I need this money
>single-handedly negotiates and executes on $10mm in deal fees
>can’t negotiate his own compensation
something's not adding up here
Depends on how you see it ...
He is paying me a comp that is comparable to the Director salary at the large European bank that I previously worked in (I am in Europe, so the salary is much lower than US/UK)
I would have been making 1/2 of my current salary if I stay in the traditional path
Beside that I need this money to feed my family, so I can't just risk it
bump
Bump
If all you have outlined above is true, then you have great experience and lateraling should be easy.
Stop applying to online job applications and network. Walk people through your situation and deal experience.
Thank you!
Yes.... it seems that bypassing HR is the only way I can possibly advance my career
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