Comments (17)

Jan 19, 2014

??

Feb 11, 2014
Feb 11, 2014

On aggregate basis HL FRG pays at or slightly above street. However lots of the bulge brackets have higher bases and lower bonuses now, not true with HL. Suppose some risk there that needs to be taken into account. Can't confirm HL CF pay.

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Feb 11, 2014

Depends. It varies in CF depending on bonus. Like @"CrankMonkey" said for Rx, base is lower than BBs or EBs. All-in comp can reach street, but I wouldn't bank on it exceeding it.

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May 21, 2014

-

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May 21, 2014

Top-notch restructuring shop, on par with BX and Lazard. I have a friend summering in restructuring there, he says the lifestyle is fucking awesome (but not as good for the Corp. Fin./M&A guys).

May 21, 2014

so how is the pay and the lifestyle for M/A guys? Do a lot of ppl go from M/A to restructuring?

May 21, 2014

more lunch and dinner money? something tells me your friend is lying. that seems pretty unreasonable

May 21, 2014

HLHZ Restructuring is actually the exact opposite (hours-wise) of the rest of HLHZ. FAS has very lax hours, while Restructuring gets cranked on a weekly basis.

May 21, 2014

I don't know what the meal allowances are for restructuring vs. the rest of the bank, but in NY, the whole bank gets lunch money.

As far as pay goes, HLHZ on the whole usually takes a little cut below Street.

May 21, 2014

HL restructuring is based in Minneapolis. Its very well regarded. They're in the same building as Lazard in Minneapolis.

May 21, 2014

I can confirm that in HLHZ the restructuring team DO actually get a higher meal allowance than the other teams. But I have to agree with Baloogafish in that the restructuring team consistently gets slammed, whereas the M&A team are more lax and the fAS are very lax.

Gametheory - I am not sure about Compensation of the firm as a whole, ie considering M&A, Restructuring, FAS etc but the restructuring team offers $6k more of a base than BB M&A.

May 21, 2014

We all know HL's Restructuring practice is top-notch, but where does their M&A practice stand? Is it a top middle-market bank, or just an average MM? Would it be possible to push for both Restructuring and M&A at the same time during FT recruiting, or will I have to declare which side I want early on in the process?

Restructuring sounds like the better practice but I don't necessarily want to put all my eggs in that basket if it's extremely competitive to get hired, at least more than the M&A side.

May 21, 2014

The M&A team is a Top MM and ranks tops for deals under $1b I believe.

As far as I am aware you will either have to specify which department you are applying for or else put in a general application and let the HR decide which is most appropriate. Both of the interview processes will be carried out by the different teams and will consist of different styles of questioning.

If you like distressed debt, have a good finance background and believe you are aggressive / thick skinned then go for restructuring. If not apply for the M&A team.....

May 21, 2014

I guess I'm just wondering how much in total compensation one can expect as a 1st year analyst in M+A at HL. Vault says compensation is number 2 but that cant be true, goldmans not even that high.

May 21, 2014
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