Portage Point Partners Investment Banking
This is my insights as a former senior IB employee of the firm for multiple years
Take this as a stern warning, be very careful when interviewing for their investment banking practice
They do a good job at selling you the platform and the quarterly bonus compensation model however what they don't tell you is you are taking a big haircut to the market in terms of your base pay; see rates below at each level
VP: $200k
SVP: $225k
Director: $250k
MD: $275k
Even though you have a quarterly bonus model, you must first earn your base salary in fees and anything above that is considered a "bonus"
Once you hit Director or MD, you must close deals otherwise you will not be paid a bonus. I have heard this has happened to VPs as well.
They also do not have dedicated juniors so you are either using a dedicated India team or pulling cross functional associates who all bill hourly and eat into the fee that's generated.
Based on the most helpful WSO content, here are the key insights regarding Portage Point Partners' Investment Banking practice:
Base Pay Structure:
Quarterly Bonus Model:
Operational Challenges:
Cautionary Note:
Sources: Which Banks pay Corporate Banking the same Base as Investment Banking|?, PJT Camberview - Exits, Salary, PE credit fund compensation, Park Hill Partner Pilfers $95MM, PJT Partners SA 2021
Weird pattern I see on Linkedin is that folks that lateraled there came from top firms JPM, Alpine, Citi, etc. What’s up with that?
They do a great job at selling the platform
So close deals?
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