Appreciate any insight in my decision going forward for SA.
I've read a lot about FAS on the forum, but just wanted to see what people thought in comparison to a boutique ibank for a SA position. Both have really great people. The boutique has only about 30 people but a lot of senior bankers with a lot of experience.
HLHZ FAS or Boutique IB
Thank you in advance.
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If the boutique is an unknown name then you should go with HLHZ. Won't your title for the summer still be "Investment Banking Summer Analyst, FAS Group"?
I actually have the same question. Anyone out there know which offer would be the most beneficial for full time IBD interviews in the fall (mm or BB)? Thanks.
fas is not ib. it is fairness opinions and valuation. different business.
For a summer spot I would probably pick HLHZ. FAS work has some similarities with IB, HLHZ is a solid name on the resume and will offer you good opportunities to network. The boutique might end up being too small for you to actually get your hands on anything during the summer and then you will have no name or experience to add to your resume.
Echoing Anthony, I would also choose FAS solely for the name brand it will help for FT recruiting. The boutique may garner you great experience, but HLHZ FAS is really good for its space, and the namebrand is pretty well-regarded. The experience at FAS differs widely, since some groups focus on valuations and FOs for interesting M&A deals, whereas other groups focus on valuing investments in Hedge Funds and the like.
One more comment. If you really want to cut your teeth and learn how to modeling then you should absolutely look at valuation firms. Not the place you want to stay forever, but you really learn how to model inside and out.
thanks guys.appreciate the advice.
follow up.
HLHZ FAS vs BAML capital markets
Ultimately, I aiming for BB in a financial sponsors group. Lev fin makes a bit of sense here, but wanted your opinion.
FAS just added a Transaction Advisory component to its services last year which should help get analysts a little more deal experience. Transaction Advisory essentially helps PE firms and Hedge Funds evaluate potential acquisitions before they go through with the deal. The new service should help with developing connections with PE firms and Hedge funds if your looking to get into that later on. Plus the pay is pretty good. 70k+8k sign on+ end of year bonus.
Does anyone know what the range is for FAS year end bonuses?
A buddy of mine worked in the NY office awhile ago. 1st year all in comp (including signing) is around 100- 105 for top bucket. Back when salaries were 60k, top bucket 1st year bonus was just under 40k.
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