Guggenheim Structured Products Origination
Hi Everyone, I can't find much about Gugg Structured Products Group. Can anyone provide insights on Gugg SPO group - Exit? Comp? Culture? Hours?
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They are the best in the world at what they do. They can take anything with value and create an asset-based loan against it. They can take any contract that stipulates the exchange of money and turn it into a bond. All of the senior people used to run esoteric ABS or all of ABS at their old firms.
Exits are typically to structured credit investors (funds, pensions, insurance companies) or to other groups within Guggenheim. You're not going to jump to a standard corp. PE gig after an analyst stint here.
Hours are better typically better than normal IB.
I believe comp is on par or better with the rest of the firm (so very good)
Thank you! Do you know approximate all-in comps for Analyst levels? Is it aligned to other IBs (85, 90, 95 plus bonus?)
Yes, but bonus is typically higher than most other IBs.
Do you know what the hours look like compared to traditional M&A (as in is the 80-100 hour range still applicable to SPO)
Been a while, but I believe hours are better than most other IB groups there
First off, thank you so much for responding, did not expect that given how old this thread is. Do you have any other insight about the group (in terms of culture and maybe also exists because from what I've seen they don't seem very strong). I know you addressed some of these points in your comment above it's just that I'm heavily considering lateraling and just really don't want to end up in another sweatshop because the group I'm in now is degrading me mentally and physically
If you’re trynna do like typical PE or work at a long short equity hedge fund. I definitely wouldn’t go to SPO. If you want to go to a structured credit fund, then by all means go. The senior people at Gugg in that group are the best of the best of the best at what they do. That being said, it’s not typical IB—you will be severely disappointed if you’re looking for typical M&A experience.
you’re life will be turning obscure contracts and assets into super niche bonds. You will be learning from the best
I've been in the securitization space for years and am very familiar with the group. The hours are brutal, mainly because they are an advisor and specialize in non-traditional/quirky transactions. You will have weeks when you come in at 9am on a Sunday, don't leave until 12am, and then work 80 hours for the rest of the week(the hours can definitely get much worse). That group's business model is to work on quirky deals, and the group only generates a fee when a transaction closes. In other words, you're working on complicated stuff the entire time and when a deal is in process you are working super hard to ensure the deal is successful. If you are looking for work-life balance, that group is definitely not it. However, I have heard they have a great culture and generally look out for your well-being. If you work late, they might send you home early the next day to recover. After a deal closes, they'll allow you to go on a vacation to give yourself some time to destress.
For learning I think this is a fantastic opportunity, and 2-3 years in this group will set you up for your entire career. If you want work-life balance, and want to avoid working on new and quirky transactions, I would recommend you avoid this group.
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