Moelis & Co. Merchant Banking (Moelis Capital Partners)
Does anyone have experience with their hiring practices (specifically, the Merchant Banking Division)? Is the team located throughout all three offices (LA/NYC/Boston)? Any other information is welcome.
Thanks in advance
Speaking of Moelis & Co., Mr. Moelis was quoted on Bloomberg TV today for saying that Wall Street could collectively lose 35% of jobs (probably just IB jobs) through this market turmoil.
Sorry. That's the only info I have and it doesn't really relate to your post, but you should probably know that Mr. Moelis (I think his first name is Ken) was founded by a former UBS President within the past two years.
at least in LA, they do first rounds on campus and second rounds in their office in westwood. first round was standard 2 on 1 interviews with analysts and second round was 5 or 6 interviews with svps and more analysts. most of the seniors guys are former dlj guys and the interviews were really intense and somewhat intimidating but i actually really liked some of the guys. analysts were mostly lateral hires from all over the place... Merrill, boa, etc...
last I heard, they were promising prospective analysts they'd get to work on both sides of the business. I doubt there'll be much happening on the PE side for them any time soon anyway - not like they have a bunch of portfolio companies to work with yet, so no tack-ons or exits to work on either.
Merchant banking and investment banking are rolled together. They said they're trying to set up the fund the way DLJ used to work, with 30% of transactions they work on being considered for investment as well as a deal(and from that being able to pay a higher salary). It looks like they've only invested in one portfolio company so far tho.
My interviews were fairly easy, actually. Then again, it probably differs from person to person and school to school.
at my school, the summer analyst positions, at least were promoted as "investment banking and private equity summer analyst" positions. however, according to a friend whose sibling is friends with moco's head recruiter, it's in reality a bunch of marketing BS. the work will supposedly be m&a only, and crappy m&a work at that. compensation is great, though.
What is compensation?
For SAs, 60k pro-rata, which is standard, plus 3k upfront and a "significant discretionary bonus" at the end of the internship.
wrong
Is this 'discretionary bonus' if SA's sign up for FT for the upcoming year?
i'm not exactly sure, but from what i understand, it's a performance-based bonus, based on one's performance during the summer.
that's pretty sick, I don't know of too many firms (in UK anyway) that give SA's bonuses
Last year CS UK's top SA's got bonuses
anyone know if this applies at other firms???
Is moelis giving bonuses to SA this year also?
Metal check the date of the guy's post
Metal check the date of the guy's post
Oh shit, haha. I saw it as an April posting, so I just assumed it was this year..
Moelis & Co. Merchant Banking is a joke...
so no bonus this summer?
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