I have a buddy who just lateral there - hours are tough, pay is street

 
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Culture is strong at the junior level (AN -> VP) - especially ASOs - and seniors are mostly good but definitely more of a mixed bag. Pitching is one element - MTS has a unique way of pitching that involves endless profile books that are a huge time-suck outside of deal-related work. Otherwise dealflow is just very strong right now, which obviously leads to more hours.Other part is that it's just too easy to move upstream right now. Any of our analysts could easily move to BB / EB, so a lot of people don't see a reason not to. This creates a vicious cycle where AN2s leave, making it sweatier for everyone who's remaining, thus pushing more people out. 

 

Interviewed with and had an offer from these guys. Sense was they were working primarily on life sciences txns (2/3) and some services (maybe ~1/3 of deal flow) primarily with offer value under ~200M. Know that some of the senior guys have strong backgrounds (though doesn't sound like founder Curtis Lane is actively involved in finding deals at the moment) - pretty sure Andy Weisenfeld is the primary fee generator at the firm these days.

As it relates to exits, know of a few guys who exited to stronger banking platforms before their two years were out - sometimes to non-healthcare groups as well. As for buyside, seemed there was a nice pipeline to healthcare-focused growth and venture shops (Northpond / Aisling / etc.). Most people exit but some homegrown bankers at the firm (one director who joined as an analyst out of undergrad.)

At the undergrad level, key schools are Wharton and Dartmouth (primarily b/c MTS runs a winter program that schedules well for Dart students). Many of the Wharton students come from the healthcare management program. Quite a few Columbia guys. 

Pay is strong at least at An and Asso, obviously can't say beyond that.

 
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^^This - I would rather shit in my hands and clap than to work for MTS. MTS actually stands for "Make Them Suffer" with "them" being the analysts

 

An 1 here - leaving the second bonus hits. Hours are far more than other banks

 

Is it specifically bad for their Life Science coverage or their Health Technology coverage? Or both?

 

An1 left today because it is a sweat shop. Sent a stupid email to the partners on his way out

 

An1 left today because it is a sweat shop. Sent a stupid email to the partners on his way out

 

An1 left today because it is a sweat shop. Sent a stupid email to the partners on his way out

 

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