Australian EBs

Does anyone have any insights on Aus EBs - culture, hours, pay, exit opps?

Firms such as Grant Samuel, Flagstaff, Gresham, Luminis, Moelis.

Any insight is appreciated - cheers.

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Comments (6)

  • Analyst 1 in IB - Cov
Oct 18, 2021 - 12:45pm

I'd slightly disagree with this - Aus is so heavily based on relationships that it can be a fantastic experience at the shops OP named. BB will have a bit more consistency in deal flow, but when you are operating through multiple sector teams, this benefit is quickly eroded (on the individual / junior level)

  • Analyst 1 in AM - Equities
Oct 18, 2021 - 6:03pm

Cheers for your replies guys. A lot of what I've heard agrees more with the relationship heavy nature of the industry in Aus. 

How would a balance sheet affect winning a M&A mandate? Obvs I can see how it affects any ECM/DCM related activity, but I'm not sure what the benfits to the client would be in a purely advisory situation. 

  • Analyst 1 in AM - Equities
Oct 18, 2021 - 5:59pm

From what I've seen, Luminis appears to be almost solely a MM shop in Aus and quite different from Evercore in the US. Do you know how the Evercore partnership comes into effect there/what it does in practice? I've also heard it's a bit of a sweatshop. 

  • Intern in IB - Cov
Oct 18, 2021 - 6:16pm

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