Retainers

Hi everyone, long time lurker infrequent poster....was hoping to get some insight from any other MD's or senior client facing people who may be out there....how much push back are clients giving on fees in particular retainers?

It seems that retainers are a non starter for clients and to be honest has been a huge sticking point lately. They feel they can get a Wall Street investment bank working for them for free. Now this isn't to say that there aren't situations where you fore go said retainer, but there's a lot of factors that go into that.

Basically every client I have encountered lately seems to be able to get a better deal elsewhere according to them. I know it's not me personally but I'm trying to pick some brains and see if anyone else has had these same issues? 

 
Most Helpful

Ipsa rerum debitis tempore. Eum et quibusdam perspiciatis quod. Distinctio ab dicta laboriosam ad porro.

Neque facere sit praesentium excepturi quia nam. Non iste in quibusdam sunt magni.

Quo voluptatum omnis doloremque voluptatem est officiis. Soluta voluptatem quod qui repellat quod. Qui molestiae pariatur ad autem autem sit. Nemo ut quae exercitationem eaque. Rerum mollitia aut cum praesentium dolores.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
bolo up's picture
bolo up
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”