Hi All,
Has anyone ever heard of Financial Technology Partners (FT Partners) in San Francisco? It's a boutique ibank.
I have an internship interview with them in a couple days and would like to know what kind of questions they ask, etc.
I think i'm meeting with two people there.
I am a career switcher doing an MBA, interviewing for the summer associate position.
Thanks.
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Could someone please specify why exactly FTP is such a terrible place (perhaps monkeyinasuit since you seem to have had a high level of exposure)?
I had the opportunity to intern there a while back, but turned it down for a different bank. At the time however, they seemed legit for a few reasons:
Steve Mclaughlin / FT Partners seemed to have decent, if not strong deal flow, having completed some fairly large-sized deals (based off of website tombstones)
Compensation seemed in line with other middle market boutiques in the sense that the base was (supposed to be at least) competitive, which I am assuming is around 60k, with a smaller bonus, which again I thought was nothing out of the ordinary...since I assumed other comparable boutiques offered a similar pay structure.
Long hours--it is banking after all? I understand the summer / school analyst intern program involved a lot of b*tch work, but a lot of unstructured boutiques will make you do the same...?
SO, my real question is, why exactly does it have such a notoriously terrible reputation. Honestly, this board aside, I've met some people in the Bay who have worked there, and none had anything positive to say. With that being said, nobody's ever told me why it's so shitty...is it just the pay and hours? So let's say you really are working inhumane hours and are poorly compensated at the analyst level...what about associate level (like the OP) and up? I know they have, or used to have, a few MD's from BB's (CS, Citi, etc) and I can't imagine them leaving a BB to get pissed on both lifestyle and comp. wise...unless they were subpar / got fired, what not.
I'm not planning on working there anytime soon, but the amount of attention this place gets, is making me very curious.
Hey jman,
Use the search function for FTP, Financial Technology Partners, FT Partners. They've been discussed ad nauseum, so there's plenty. Good luck!
Oh, that sucks to know....however I don't have much choice anyway. I would be super psyched to just get any banking job this summer.
Anyway, if anyone have any interview experience or feeback that would really help. Summer Associate interviews preferably cuz that's what i'm going for, but I suppose any analyst interview experience would help too.
thanks guys, appreciate it.
I know a guy that is interning there now and know a bunch of UC undergrads that interned there as well in the past. Interview was pretty straight forward with the standard banking questions / experience. Just make sure to let them know how committed you are and that you don'tmind working ibank hours! He said there were 3 other people interviewing the same day. He's loving it and the hours aren't that bad considering. Deal flow and deal experience are actually way better then expected. He's a post-mba intern so not sure if this applies to undergrad internships. I know for a fact that 2 undergrad interns from the last summer class landed jobs at lazard and GS; and had a good experience there. I guess its a case by case situation. Good luck.
Can you please explain what a post-mba intern is? I've never heard of such a thing. Thanks.
Financial Technology Partners Sr. Associate Question (Originally Posted: 04/21/2015)
All,
I've searched a lot for FTP to get good color on culture/pay/deal flow. And, frankly, there seems to be some conflicting opinions that are on very different sides of the table. One person here seems to think it's 'a sweatshop' and another says that's complete BS.
Though I feel the plight of the analyst, as I was one a long time ago, I'm curious about the 2nd/3rd year Associate work load/responsibilities/salary/bonus. Have recently been considered for this role and am interviewing on the phone today (4/21).
I already know the hours will be similar to analyst (maybe slightly better), but boutiques can be weird animals when it comes to work load/pay.
Just looking for insiders to maybe help out. Thanks
Background on myself; BB alum, didn't want PE (but did want HF... failed on that part), went to a top 15 b-school, almost through with CFA program, and all FINRA licensed up (though anyone can do that).
PM me and i can give you some insight
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