Does anyone know anything about this group (Valuation and Opinions). See lots of job postings for it in Chicago and curious if anyone has more insight
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Lincoln's valuation practice is extensive and rather large (albeit not as large as the Big 4, HL, Stout, or Duff & Phelps). The experience you'll get in valuations at Lincoln will depend on what group you are in. The work the Portfolio Valuations group does is very different than the Corporate Valuations Group, which is different from the Transaction Opinions group. If you are interested in pursuing a career in valuations, Lincoln is definitely a good spot. If you are using valuations as a stepping stone to IB, Lincoln is a very respected name, but you're going to want to be in the Transaction Opinions (preferably) or Corporate Valuations groups. Comp at the Analyst level is similar to IB ($85k base + 30-40k bonus, no clue on signing bonus) and I would assume hours are lighter than IB, but still 60+ a week.
I really appreciate the detailed response! Would this allow for an opportunity down the road in IB only within Lincoln, or other places as well? If not IB, what would be other exit opps from this role?
Your IB exit opps are definitely open to more than just Lincoln, although that might be the easiest route if the firm is receptive to internal transfers (I do not work there so I have no clue if this is the case). For exiting to IB, especially outside of Lincoln, it is going to require a fair amount of networking though as the lateral market for Analysts can be very competitive. For other exit opps, refer to the comment by Esuric on the following thread: https://www.wallstreetoasis.com/forums/whatre-are-realistic-exit-opps-f…
What makes transaction opinions more attractive to lateral to IB?
Interned in VOG, great group. It didn’t seem to be so structured as corporate vs transaction vs portfolio. I think you’re a generalist of sorts through Associate at least but can probably find niches. A lot of people exit to investment banking or private credit. Most of the portfolio valuations performed are for private credit funds and BDCs tho there is some overlap with private credit and equity from the same fund.
Typically a client (all well known names) send a list of porticos to value to LI quarterly, then the analyst will RF the model.
Analysts have 60-120 names (maybe more) and during busy time of the quarter which is at least half of it, you are working sweaty IB hours.
Can you provide any insight to the technical portion of the interview for the VOG intern position?
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