Does anyone know what the process is for how groups get junior banker headcount allocated to them?
For example:
-- Do a certain number get allocated to groups them based on the # of MDs in the group (i.e. X analysts/associates per MD)?
-- Is it based on projected revenue or deal count (i.e. this group is projected to do $X million in fees and/or Y number of deals this year so we give them Z analysts/associates)?
-- Do groups get a budget and can have whatever combination of bankers at various levels they can afford to pay (i.e. 2 VPs at $400, 3 Associates @ $300 and 4 Analysts @ $200 vs. some other combination like 4 VPs @ $400, 1 Associate @ $300 and 3 analysts @ $200)?
-- Some combination of the above or something totally different?
I have no idea which, if any, of these approaches are used. Any insight would be greatly appreciated.
Thanks!
Bump.
Also interested to know
.
Very interested as well! I'm very curious on who has the say to increase analyst class sizes etc. For example at places like Moelis it's easy -> Just raise the class size by 10-20% and a bunch of the problems are solved
There is an ideal range for the ratio of junior resources (VP and below) to senior resources, and this range will vary by group and bank. Believe it or not, VPs are still considered juniors and bucketed with associates and analysts. In banking, the distinction is between the revenue generators and everyone else (supporting resources). At least that's how headcount works at my bank.
bump
Veniam aut animi aspernatur non ut maxime. Quis reprehenderit velit ut vel. Libero qui sit quia beatae quo facere non.
Consequatur et iure tenetur facere voluptas illum. Vel excepturi odio incidunt inventore. Quis aut nihil cum qui sint.
Magnam sunt enim ut eaque est officiis est. Adipisci labore esse et eos necessitatibus vero ut. Quia laboriosam earum ullam nisi est commodi.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...