Which league does Duff and Phelps exactly falls under in 2017?
The firm has progressed a lot in terms of revenue and geographical expansion. But it still doesn't enjoy an image of a proper wall street investment bank. I know they are focused mostly on valuation but how about M&A and Restructuring. Can anyone please tell how are D&P analysts being perceived by college grads in US, the PE employers, and other banks? Are they still considered a firm similar to Big 4 or have they earned IB BOUTIQUE, MM level status?
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I realize the irony in me commenting this, but have you seriously been bumping this every 20 minutes? Stop.
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From what I know (1 friend there, 1 friend who knows someone there). DP is mainly good for their Aerospace sector. More like a specialized boutique, but with bigger size. Not sure about exit opps.
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Duff & Phelps sucks. Most definitely not a MM boutique; not respected among college grads; it's on the same level as Big 4 Advisory. I'd choose any place over D&P
how could any firm be a MM boutique? Do people understand what MM and boutique mean?
Christ
D&P isn't seen as a legit MM bank by any stretch. They are a valuation shop doing financial reporting work (they are the largest indep. val shop and do really well in this vertical). D&P is certainly trying to build up IB as it's a great revenue generator but it'll take many more years of poaching senior MD's to put it in the even in same range as guys like Stifel, Mizuho, etc (I realize these guys aren't MM Boutiques but their M&A practices aren't that strong).
And how do you think it is perceived by Business Schools or private equity recruiters?
I've known people who have done val and gone to Tuck and a few other Top MBA programs.
As for PE, you will be very hard pressed to find people who have made it into legit PE funds on the deal team. People can get into internal valuation roles at mega funds but in val, you aren't seeing the whole transaction. You're just brought on to do post-closing financial reporting work which does have transferable skills to banking / PE. I know numerous people (including myself) who have jumped from val to MM IB.
Alum from my college went from EY (similar tier as D&P) to BAML, so it's definitely possible to make the switch to PE that way (spend a few years in D&P, BB banking, bus school, PE)
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D&P is generally considered to be lower tier on the val side. Top val MDs have left for other shops (Big 4, Houlihan and Alvarez). The culture, from what I understand, is incredibly toxic.
You need to google things mate.
I disagree. FWIW, I'd think you'd have a better experience at indep. val firms (i.e. Houlihan, D&P, A&M, etc.) than Big 4.
At Big 4, you do audit support work. At Indep val, you don't have an audit business to; 1. support and 2. no independence issues with audit clients.
You would be surprised. A lot of the smaller shops specialize in niche work. Also, the Big 4 valuation shops are pretty different. My experience at Deloitte was very different from my experience at KPMG. EY works on shit that I've never seen.
Also, my post wasn't about Big 4 as much as it was about D&P going to the shitter.
Big 4 has been trying to do the same thing. "Transaction Advisory Services?" LOL. Stick to accounting, plebs. You can add D&P to this list.
Anyone have a perspective on Duff & Phelps in the UK? Is moving from their Valuation Services into Private Equity or Investment banking a doable move? Thank you.
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