Insight on Edgemont
I’m very interested in healthcare investment banking and came across Edgemont as a boutique that works in this space. Couldn’t find a lot of info from other threads. Does anyone have any insight on this firm in terms of deal flow, how strong their healthcare practice is compared to other firms, and typical comp?
Interviewed with them but didn’t get an offer after butting heads with an analyst in the last interview. Seemed like they were getting tons of good deals and I’ve heard recruiters actively looking for analyst for them lately. Overall culture seemed very bro-ey to me.
If you wouldn’t mind, what went wrong and also were the interviews mainly fit based or questions on healthcare industry in general and technicals?
Mix of fit and technicals. Disagreed with the analyst interviewing me on a technical question then from there was very rude. He said “after a few years in banking pretty much nothing technical challenges me” so yeah No thank you.
Did you have to take an attention to detail test? If so, if you miss one or two do they cut you?
Curious too, had a FT technical round today and stumbled on a couple questions
They rescinded incoming analyst offers in April. Deal flow was okay pre Covid (not sure how things are now). Comp is below street.
Really? I saw that some of their analysts left earlier this year.
Comp at or above street now
In case you're interested in checking out other Healthcare Investment Banks, you do have a lot of other options including (not ranked in any particular order):
On point.
A few others I'd add include (these are middle market banks that I saw come through with good mandates when I was in Corp Dev):
Triple Tree is very interesting, they always seem to get pretty good mandates.
Seems like TripleTree does a fantastic job in devices, services and medtech
Do all of these have SA recruitment?
Have a friend there. They laid off like 1/2 the firm this summer and even before that deal flow seemed weak and the deals are pretty small. Friend also has gotten 0 interest from recruiters despite having a pretty solid background.
Comp is significantly below street as well.
Could you pm me? Would like to know a little more about them.
if they laid off half their firm this year, why are they continuing to hire people for FT 2021 right now? Trying to understand more about edgemont Partners and what I am really getting into
can you PM me? want to know more
Can confirm this from conversations with ex-employees.
During my recruiting experience, the junior bankers I spoke to seemed chill. Ultimately chose a different route.
Went through their FT process last year and can confirm what others have already said. Fratty culture, below street comp (no signing bonus). Deals are mostly LMM. Questions I got during the interview were all pretty surface level. Overall a pretty disorganized process that I didn't really enjoy. Definitely better boutiques to work for in the healthcare space.
can you private message me? I am about to go through the FT recruitment process and would love your help man
What else do you want to know?
can you elaborate more on the questions u got? thank u so much
Mostly fit, technicals were pretty light. Seemed like most of the interviewers were just coming up with questions on the fly. Only specific tip I could give is know "why [insert healthcare verticals they cover]."
Have heard it’s really sweaty and there’s high turnover at analyst level as a result.
Don’t have any much other insight than that, but judging by deals they disclose on their website seems like they do solid work.
Ask healthcare PE shops about the rep.
Had a couple friends interview with them last cycle and the stories they had from the interviews were the most unprofessional things I’ve ever heard. Pathetic stuff, no surprise to hear about big lay offs and skimping bonuses.
I have not heard particularly great things about them, being on a middle market healthcare team myself (geared towards pharma). I have also not heard bad things, but whenever I hear about them on pitches with us or basically all of the banks that analyst mentioned above (with the exception of ferghana, aquilo, and zeigler who I know do pretty good work but just haven't seen too much) are blowing them out on pitches and winning mandates. This isn't particularly good news. Those banks are definitely their comps, and I can't really think of reason why Edgemont is better than any of them, especially the top 6 or any of the larger MMs that compete in the space as well. Not to shit on Edgemont, as I dont know them well, but this is how I would look at it from my POV.
https://www.edgemont.com/news/edgemont-partners-signs-and-closes-11-hea…
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