Working At FT Partners
I know FT Partners gets a lot of criticism and trolling on this forum but is it really a last choice resort for analysts/associates? Interviewed recently and spoke to MDs and VPs who I really liked but also want to start my career off somewhere where I am not completely and totally miserable and end up leaving super quickly....
Hey Summer Associate in IB - Cov, I swear if I had a silver banana for every lonely thread I posted too I'd be richer than @compbanker ...
More suggestions...
If those topics were completely useless, don't blame me, blame my programmers...
Top rising EB 10/10
Second the sweatshop reputation, the hours and culture at FTP are some of the worst I've heard of in banking - if you dont have an offer anywhere else and you want to be a banker take the role but if you have something comparable try and take that instead
If it really is an only option, do you know what it's like lateraling from FT? Any insight would be helpful
Shouldn’t be to hard to find yourself at a decent shop afterwards, deal sheet might depend on how the dice rolls but honestly once you’re in IB it’s not too difficult to move around provided you’re decent at the job. It’s probably gonna be difficult to lateral in this economy for a bit but definitely give a go later on
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Shocked no one has mentioned the astronomical comp over there…. Don’t know if you’ve heard but An1 pulls down $140k. Sheesh!
Do you know what bonuses look like for analysts and associates?
Top bucket $60k with 1 installment in 23 summer and 1 in 24 summer
Surely it’s more than this
For the love of God, if you value your mental and physical health to any degree, DO NOT join this firm. A close friend of mine works there and I can confirm it has the shittiest wlb and culture I’ve seen (and I also work in banking). 3-4am nights are the norm and analyst attrition is incredibly high (~50% of the original class had left within a year). My friend himself paid a huge personal cost while working there. There is a reason why they pay 140k for AN1, because it’s paid for with your sanity. Also, this is FT Partners, not Evercore or Moelis. Exits will be skewed towards growth equity or fintech related, since most of your deal exp will be cap raises and not m&a.
What about using this as a starting point and trying to lateral to an EB?
Is your friend NYC, SF or London?
New York. I can understand the rationale behind trying to lateral, but do keep in mind that the firm maintains a strict clawback policy on signing and performance bonuses if you leave early.
Closing this post out
Bro they pay 140k + bonus these haters gonna hate hate hate hate just accept it
Fucking horrendous place.
Culture isn't good at all.
Curious on what they are doing right now given M&A still a bit slow and the private placement market (most of their fees) is still pretty quiet since many still want 2021 valuations and not a 30-60% discount to that which is the current market.
They laid off bankers back in December, including few first years
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