Anyone here familiar with HIG Capital?

They recently opened a London office which I think contains several of the HIG Ventures companies. I'm not sure how much of the HIG Capital side came over from Miami, but I know they've made hires in London. I'm not sure if the Doostang stuff is related to that part of the expansion.

Met a few folks there, generally very bright, nice people. I met one of the office heads who is obviously smart, and also a great dude with a pretty interesting background. I'm not sure what b-school placement is like (on average, who cares? It's what you do that matters), but I'd probably happily go there based on what I've seen.

Depending on your situation, just call them up and see what you can learn.

What could a 1st year Pre-MBA analyst look to make in comp at a firm similiar to HIG?

I should've probably clarified that I don't think they take people without experience. A couple of solid years somewhere else should be enough, but as far as I know they don't hire fresh first years.

I understand...I am not a fresh grad...

So, what could one expect as a comp package from HIG for a newly hired 1st year (pre MBA) analyst?

They have various affiliated funds, but their core private equity/LBO middle market fund is one of the best performers. Very strong results.

I can't help you with comp info, but thought I'd put in my 2c on their reputation.

H.I.G. is a value investor. As a result, they probably spend a significant portion of time reviewing deals that they never end up winning.

I certainly wouldn't say it is a bad firm though. I don't think it ranks it quite as high as an Audax, but the name is known in the middle market for sure.

Is it out of the question to think you could land an analyst job with HIG without any ib experience?

I know it would be preferred, but could you come from another area besides ib?

This is one of the firms I am really interested in working for. Does anyone have an idea of how their recruiting process works, how many MBAs they hire, best way to contact them etc.?

HIG is a solid firm plus you get to work in Miami. Very operations focused and they love to hire ex-consultants as they are founded by consultants. Comp scale is on the bottom end however and they have a ton of analysts (you aren't called an associate here out of IB). That would worry me just a little. I have heard good things however.

Bumping this -- any thoughts on H.I.G. Capital, the private equity group, in Boston? CB, you may be able to chime in here. I know a little about them, but not much regarding the things one really cares about (comp, hours, role, etc.). Any thoughts would be much appreciated.

Sorry jim, I've got no details on their Boston office.

No worries, thanks for the reply. Appreciate it. Any thoughts on any of their other offices?

Yeah -- there have been other, more recent posts on HIG. Try to do a search and see if you can find it. My summary version is: One of my old analysts co-workers did a deal with the Florida HQ. It was an absolutely miserable experience. He was treated like shit and basically said the associate clients were working around the clock. Soooooooo --- goodluck =)

That's the rumor I've been hearing -- guy I spoke to that works in a different group at HIG said 70-80 per week. Just wanted confirmation, and I think this about gives it away. I'll take a pass on this one!

You're missing one heck of a snowstorm up here... weather is absolutely miserable.

BB, thanks for the response. What was the process like (i.e. how many interviews did you go through, how did it go, etc.)? What ended up happening?

Did they give you an idea for compensation? What group was your interview for (buyout/PE, growth equity, etc.)?

I had one phone interview followed by an in-office 2nd round. I'm pretty sure there was a final round in the Boston office, but I wasn't invited. The headhunter I worked with informed me that they wanted me to continue the process with their Miami office, but I declined.

Interviews in general were very case focused. Didn't really receive a single "technical" question. It was all conversational to see what I knew about PE valuation, how I'd go about determining value, etc..The only technical aspect of the 2nd round was a standard LBO exercise on the computer - this was pretty straight forward.

No idea on comp, although I hear it's somewhat below "street." This was for their buyout/PE group.

BB, thanks a lot for your post -- this is quite informative. Maybe I shouldn't write them off QUITE yet...

I may be reiterating the consensus here, but I feel I should post as we see them in our space a fair amount. From an outsiders perspective I can only say it seems as though their young guys get slammed. The fund may be well respected for great returns, but as a potential candidate at the pre-mba level it may seem a bit like the continuation of banking in terms of hours. It seems like they look at absolutely everything that goes their way, which means plenty of legwork at the junior levels, even if they are not submitting IOI's and getting further along in the process, which as a banker, seems a lot like pitching to me - a week or so of all nighters with no real deal experience to speak of in the end.

hi guys, I actually went through their 1st round phone interview, went into their office to go through a case study / verbal financial modelling test, which then they invited to come in for a super day. unfortunately the date that they gave overlapped with something that i just couldn't rescheduled. i followed up with them this week and it looks like they will likely have another one in january. any one know what I can expect? this is with their boston office. I know on the email they sent me for the dtate that i couldn't make, it was literally an all day event followed by a happy hour with colleagues.

any information would be greatly appreciated. thanks

I have a modeling test coming up with them this Thursday - any details on how it is structured?

Appreciate the help.

Does anyone have an updated view on HIG?

It should be noted that they have different interview structures for the different funds. ie. Bayside vs. HIG Growth I know the HIG Growth interview consists of a pretty simple modeling test, but throws in a few wrinkles such as PIK financing, which is supposed to throw off candidates.

My friend used to work at HIG and was very jaded about his experience. Extremely low pay and long hours and even the deal experience wasn't that great (LP related work, doing administrative type work, etc.)

Bump. Anyone talking to them recently?