H.I.G. Capital Associate Program Review
Hello All,
I wanted to take the time to write this review as I think there is a lot of misconception in the market about H.I.G. Capital but more importantly their associate program.
H.I.G. has certainly had a bad reputation in the past but the firm and associate program today are NIGHT AND DAY different than in years past. The firm has taken significant steps to ensure that the associate program and firm culture are in line with the best of the best.
I recently completed my two-year associate program there and it was one of the best experiences I could have ever asked for. Every single person, from VP to senior MD, is sincerely invested in your growth and success. While the deal flow you will see is unrivaled versus other PE firms, I think what sets H.I.G. apart from its competitors is how integral associates are as members of the deal team. You are not just an "excel monkey" but are a truly valued member of the team. Associates are constantly called upon, be it in management meetings or investment committee, to offer their insights and perspective.
I can honestly say you would be hard pressed to find a better associate program on the street than H.I.G.. I grew an incredible amount in my 2 years there, both personally and professionally. I can’t imagine having started my PE career anywhere else and will forever be thankful for my time and experience there.
I hope this helps clarify any issues you have heard in the past regarding H.I.G.. Feel free to send me a DM if you have any specific questions. Always happy to help!
Wow, someone already MS'd you. I'll add something slightly more constructive. Nice try HIG pr department.
Is HIG that horrible of a place to work in? Is this for any office or just Miami HQ?
Miami is particularly awful, but I also knew a few folks out of the SF office that had a rough time as well. As with anything though, if it's the only offer on the table, you take it.
Should have been elephant shit based on that attempt.
Lol, first activity on the account is a glowing review of a specific firm. Every financial firm has some sort of constructive criticism. Honestly even more of a red flag there wasn’t one
I don't know wether if it is the PR department or an HH that is struggling to find quality candidates for H.I.G. that posted this.
subtle sub·tle
1 a. So slight as to be difficult to detect or describe; elusive: a subtle smile.
b. Difficult to understand; abstruse: an argument whose subtle point was lost on her opponent.
2 Operating in a hidden, usually injurious way; insidious: a subtle poison.
3 a. Characterized by skill or ingenuity; clever.
b. Crafty or sly; devious.
See also: not OP
Was going to give the OP monkey shit but realized I ran out of credits. What a joke of a post.
If anything, this validates why you shouldn't join HIG - so bad HR has to create phony posts on WSO to recruit talent. Sad.
Ridiculous post, but have heard a number of former and current employees say the culture is much better and experience is top notch
This (Thunderfan) is actually true.
Could you please elaborate? What's changed in particular? All the previous posts talked about: - How the pay was significantly below street - How Associates are just a resource/waaay overworked/Banking 2.0 - How you're expected to sacrifice everything outside of work for the job - Poor reputation for always changing price in exclusivity, putting in dummy bids to get info on PortCo competitors, etc.
The above are not my opinion. Just what I have seen across the various WSO/Glassdoor posts. I believe the past reviews were referring largely to HIG's flagship buyout fund but not sure.
Pay is below street, but if you're in Miami and adjust for COL and taxes it's probably in-line. Plus, you get to coinvest in the fund which has historically returned 4 - 5x so that's not too bad. Associates are definitely overworked, but I've heard it's better than it used to be. The HIG recut is definitely a thing and is used laughably consistently. Whatever works I guess, but I'd never sell my own company to them.
Most of the senior people are pretty cool and care about associates, but there are others that just straight up suck.
this. have friends who work here and made 6x on their coinvest, which winds up being megafund comp on an all in basis but of course received over a longer time horizon
I’ll be honest knew one guy in the HIG Dallas office and my opinion of the firm is based on this individual. Guy was a complete cokehead/pathological liar who clearly had problems and gave the firm a poor reputation. Believe he got fired last year for beating his girlfriend during a coke bender and did some time in jail.
If these are the type of individuals that work at HIG then I would stay away.
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