Firm lied to me about the nature of the work

Hey guys,

I'm a recent graduate that's been in IB for 4 months now as an analyst. I've gotten myself into this boutique with less than 20 employees, 2 of which are analysts. Everything seems to go smoothly except the fact that:

  • None of the senior people have M&A experience (except the founder, who's the only one to have experience in M&A but the deals he brought are not M&A related deals)

  • I get yelled at all the time for not knowing the work yet I just graduated 4 months ago and we haven't gotten a single training session

  • After talking with the other analyst, we found out that we were lied to as there is no bonus scheme and the assignements are not M&A assignements ( We haven't done a single M&A pitch let alone deal as the seniors have no network to bring in deals, all we do is syndicating debt or fund structuring)

The whole situation is starting to weigh on me a little because not only is the pay below street but I got lied to and yelled at while having no prior training . Now, I've done some research and it turns out that it's a bad look to lateral after 4 months. What would you do if you were in my shoes?

PS: before you ask, I did do my research about the firm but their com policy is not to communicate on anything they do or deal they close.

5 Comments
 

You should talk to associates and see if they can provide more color. Maybe you don't know it but they have done some M&A deals right before you came and it's just been slow at this time due to COVID

Will update my computer soon and leave Incognito so I will disappear forever. How did I achieve Neanderthal by trolling? Some people are after me so need to close account for safety.
 

Occaecati unde id dolorem nesciunt reprehenderit cum. Culpa neque suscipit fugiat non alias ullam et. Qui cum incidunt iure qui autem qui.

Array

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $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
kanon's picture
kanon
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
DrApeman's picture
DrApeman
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
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...”