PEAK Technology Partners - Any info?
Like above. Anyone know what is the comp, culture, and responsibilities for interns? Thanks.
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Prospect in IB-M&A, shame nobody has responded. Maybe one of these topics will help:
More suggestions...
Fingers crossed that one of those helps you.
B
Just relaying information I heard from someone else but the comp it highly dependent on deal closing. Deal teams get paid bonuses at the closing of each deal (even the analyst). It can be quite lucrative with high deal volume, but can be low when deal volume is low. Rumor is during COVID an associate pulled in close to $1M.
Did you hear this from a direct employee? Any idea how comp works nowadays?
It is most likely the same structure, and also most of your time as an intern will be sourcing.
This is generally accurate for full-time bankers, although comp is supposedly being tweaked to be a bit more in line with market (more towards year end bonuses and less tied to individual deals closing). One of their associates did get paid $1M(!) when the comp was heavily skewed toward deal closings.
Peak mainly takes 6-month interns, not summer interns. Interns get paid a salary and do not have any comp tied to deal closings as far as I know. Interns mainly focus on sourcing for Peak's business development bankers, but they typically get some reps on execution as well.
I heard the same. Thanks for the info @Tech Banker
Assuming it's below street and deal-based. So your bonus depends on how many deals you are on per year. W/L balance I don't have much info on, but I do know small boutiques sometimes can be unnecessarily sweaty.
See Tech Banker's comments below. This is what I heard as well.....
"This is generally accurate for full-time bankers, although comp is supposedly being tweaked to be a bit more in line with market (more towards year end bonuses and less tied to individual deals closing). One of their associates did get paid $1M(!) when the comp was heavily skewed toward deal closings.
Peak mainly takes 6-month interns, not summer interns. Interns get paid a salary and do not have any comp tied to deal closings as far as I know. Interns mainly focus on sourcing for Peak's business development bankers, but they typically get some reps on execution as well."
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