GP Bullhound London?
Have an interview coming up for GP Bullhound's London office. The interviewer flagged to me that the base & bonuses were below market standard but didn't provide any specifics.
Does anyone have any insight into their pay for Associates? How below market standard is it? For comparison, I'm an Associate 1 and my base salary is £110k (my bank increased salaries for Analysts and Associates this year)
Also the other usual questions:
- hours & weekend work etc.
- deal flow
- pitching vs execution
- culture
- admin work being a small boutique I assume all the formatting/admin tasks/data mining stuff will be done by the bankers rather than a support team?
Sounds like you are at BofA or CS - why would you want to move there? They do small deals only / cap raises (see their website).
Nice guess, yes one of those banks.
I'm not wanting to move there specifically but I'm ready to start exploring new opportunities. This was the first role that came up so good to get some interview practice I've been out of the game so long. Plus, prestige has never bothered me so if I could earn the same, work less hours and also be less stressed then I would definitely do it, although it seems GPB won't be able to pay the same and I'm unsure whether their hours would be better or worse
You would probably take a 30-50% paycut (sounds like you are at BAML, so you will know that they pay top of the street by quite a margin) so wouldn't even consider unless you are purely focused on improving WLB. Even key BB competitors will pay significantly less, i.e. GBP90k base and likely GBP40-70k bonus while being grinded to the bone.
All of their employees flex their panda Daytona’s in the pictures on their website probably a dope shop
Remembered seeing multiple ceramic Daytona’s lol
I interviewed at GP a while back. If you enjoy financings then that's the place to go.
How would you rate HSBC vs Stifel vs Torch for an associate stint. Mainly looking for exits.
PS if you wanna switch places with me, happy to take Baml or CS ;p
Torch is killing it atm; pretty much doubled their headcount. Stole HL's London TMT team pretty much.
you heard much about Stifel, post Mooreland acquisition.
Know they compete with Arma and Jefferies, but brand not strong in Europe
I wouldn't go to GP Bullhound - had a friend that worked there and their base was 30% lower than the market. I've heard that the work they do isn't great either and people leave all the time. I would stay stick to the BB's, def not worth the move.
Yh this is true. When i was interviewing at gpb a few years back, I was told to be prepared for people moving around as they try to move to better shops; purely a stepping stone play. Also worth noting that their IB arm split recently - pankrator or something (i forget the name) is the new entity.
They did not split their ib arm + the deals are super cool if thats what you like (mainly financing in the 20-150m range for growth-stage startups)
Curious what is the pay progression for ASO1, 2 & 3? 110k, xk & xk
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So VPs at my BB make less than ASO3 there...
Worth mentioning - ANL1 in the US make 65k base and up to 40k bouses.
I don’t know what it would be like as an associate but I know a couple of the partners and they are both really nice. The firm has a big Swedish influence in terms of people - tend to be very smart but also cool people to be around. They have an annual investor event on the beach in Marbella over four days - it’s a fantastic event - well organised and great energy. They are also very big on marketing and branding - this comes through in terms of some really insightful industry reports (you should read as many as you can). They also do regular award ceremonies for the industry to highlight up and coming companies. My sense is that you would learn a lot.
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