Qatalyst vs FT Partners

Very interested in the focus both banks but in their respected industries. I'm sure that because of so, there is more deal flow/less pitch work being done at both banks. Would love to see where you would work if you were to stay in banking long term. Pay at FT Partners is amazing, but it shows that they must have a problem from retaining talent from brutal work culture. Q also has above average pay (higher than Centerview and Evercore from what my friends have told me but less than FT Partners), but how does their work culture stack up against FT Partners?

Comments (24)

  • Prospect in IB-M&A
Feb 5, 2022 - 4:29pm

Is the greater pay at FT Partners worth the brutal work culture when compared to Q or other EBs? Ran some numbers and found out that you would get roughly 50-70k more from FT Partners compared to EBs for working probably ~2 more hours a day... I know this is hard to believe, I was shocked too.

  • Prospect in IB-M&A
Feb 5, 2022 - 4:45pm

Whats all in comp like at both places for AN1? Was under the impression Q is probably one of the highest paid shops on the street but ur saying FTP pays even higher?

  • Prospect in IB-M&A
Feb 5, 2022 - 4:54pm

140K base + bonus. Im assuming around $250k all in. Q is around 220k, EV and CVP around 210k.

  • Consultant in Consulting
Feb 5, 2022 - 4:46pm

Pay at FTP Partners is not good because of their clawback policies. They also definitely do not pay more than Centerview and Evermore, that's nonsense why would they do that? They're not competing for the same talent at all. 

  • Prospect in IB-M&A
Feb 5, 2022 - 4:56pm

Base was just upped recently to 140k for AN1... source was from a family friend but I think someone else on WSO said this recently too. I'm assuming, after all of the stuff I've been reading here, is that they have a really hard time retaining talent from work culture issues.

  • Incoming Analyst in IB-M&A
Feb 5, 2022 - 5:02pm

I saw a thread discussing the pay bump few days ago but is it legit? A 40% increase in base is pretty high. 

  • Analyst 1 in IB-M&A
Feb 5, 2022 - 5:05pm

Even besides industry focuses, Qatalyst and FT Partners are two very different banks. FT Partners's deal flow is much more cap-raise oriented. Their FinTech M&A practice is good, but is definitely not industry-leading and their M&A deal flow skews towards MM-UMM. On the other hand, Qatalyst does almost exclusively sell-side M&A, with the occasional buy-side mandate or random strategic advisory assignment, and they are pretty dominant along with GS in the tech M&A space. Both firms don't do much pitching. For better or worse, Steven brings in almost all of the deal flow at FT Partners, and FT Partners is still very much synonymous with Steve. Qatalyst does a bit more pitching, but I've heard pitching is still very uncommon there.

Feb 5, 2022 - 5:18pm
ExpensiveCashFlow, what's your opinion? Comment below:

Have you heard anything about the pay differences between the two firms? A 20-30k pay difference isn't really worth going to FT partners over Q imo…

  • Analyst 1 in IB - Cov
Feb 6, 2022 - 11:15am

Total comp is FTP is lower than Q on all levels, despite base. Not sure why this even needs to be said 

  • Analyst 1 in IB - Cov
Feb 5, 2022 - 9:41pm

This. Even the pay on the junior level at Qatalyst is likely higher if you look at it on a total comp basis.

Feb 5, 2022 - 9:53pm
PrivateTechquity 🚀GME🚀, what's your opinion? Comment below:

Not even a question, Qatalyst wins in basically every way imaginable. Only if you want to be a fintech purest should you even look at FT over Q, and even then I would rather take Q personally because the overall street rep/exit potential is just that much better if you look at previous analyst cohorts.

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  • Prospect in IB - Cov
Apr 20, 2022 - 11:03pm

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  • Analyst 2 in IB-M&A
Apr 21, 2022 - 1:34am

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