pinkmonkey21, hey, look at the bright side, at least you didn't get a ton of monkey shit thrown at you...here is my best guess on threads that might be helpful:

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To your question on is it investment banking: It is a product group within Lincoln, whose primary business is investment banking (M&A), but, VOG is much closer to Big4 valuations than what you would think of as "investment banking."

From what I have heard, it is a great gig because it pays much better than typical Big4 valuations roles and they are growing like crazy so I imagine job security, ability to move up and exposure to senior-level people are all great. Compared to banking, you also work less hours on average, and more importantly, your hours are much more predictable.

The downsides are 1) you still get crushed at the end of each quarter (they are some of the only people grinding right at year end around Christmas) and 2) I imagine it can be very mind-numbing work performing the same valuations every single quarter...

 

I got an offer there and the pay scale was as such:

Analyst: $85k base 30-40% bonus

Associate: $120k base 50-60% bonus

Keep in mind this was pre-covid. I know they bumped analyst base to $90 but not sure what happened to associate pay.

 

Overall the culture is pretty good, but beware of one female MD who has such a toxic workaholic mindset and is constantly talking shit about analysts - especially other females - behind their backs. She is the largely the reason I quit. On an hour front, during busy seasons (quarter ends) hours are easily 80+ a week so be prepared to work banking hours or worse. In between quarter ends (slow season) hours drop down to about 50 per week.

 

It's a Valuations group within an investment bank. You are not going to be working on what people would typically describe as investment banking activities (e.g., M&A, equity raises, etc.). I think people on this website have created their own definition of back office vs. front office, but if your definition of back office is administrative and support work (e.g., accounting, compliance, etc.) then no, it is not back office. They work with clients, typically asset managers and private equity, to do quarterly valuations of their investments. They also do various transaction and fairness opinions. For example, a public company makes acquisition and hires them to do a fairness opinion to show the Board they paid a fair price.

 

I work in VOG. It’s a pretty awesome group. Lots of opportunity to get your hands on all kinds of investments and work with different sponsors. Learn a ton about private cap markets, especially private credit. Hours are tough during the quarter, I would say that’s the only downside. Comp is very good, slightly below banking but probably around twice what you’d get at a Big 4 Val shop.

 

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