Newmark Debt & Structured Finance NYC
Curious whether anyone has any current insights into the culture / comp / rep / etc of the group (Stolly & Roeschlaub's). Know there was a TRD article last year announcing mass departures and a "toxic" work environment - curious whether anything's changed since then / how toxic it really is.
No updates...
You’re hilarious if you think those two changed their ways after a bad article
I mean it will be no different than any other top performing group at a major. You're going to get grinded and probably treated like shit, but you'll see a ton of deal flow, meet a bunch of heavy hitters, and probably have the ability to do a lot of things if you put in 3 years of hard work.
Don't know anyone there, but I can't recall any other top performing group at a major losing 1/3 of their team in the span of a few weeks. And everyone going to a top performing group at a major knows that they're going to grind IB type hours. The fact that the aforementioned happened in their group is a huge red flag IMO
While you're right, and I do understand your point, I doubt it'll make any practical differences. If you're a 20 something year old dude tryna make it in the business without a foot in the door at another shop and your choices are to work for Dustin and Jordy or to work for some random Jamoke who will be nicer to you, you're probably going to go work for Dustin and Jordy. And if you don't, there are 100 other kids who will make that choice. That influx of candidates is also what makes practical change unlikely. These kinds of guys often see their analysts as numbers who can neatly be interchanged and its unfortunately…..because they can.
Listened to a Newmark webinar back in the summer with them two leading it.
Jordy sounds like the biggest frat bro doushe I have ever heard. Just think of your sterotypical frat movie guy saying “like totally bro” that is exactly how he sounds. Dustin actually sounds smart and professional.
They were crushing it on deals before that article. It definitely impacted there business a bit.
Had an interview with Eastdil one time, and my two interviewers were like that - fratty, cursing every other sentence
A grown man still going by "Jordy" and not Jordan should tell you enough about his attitude. Still a BSD though.
Sounds like something straight out of the Sopranos...
“PROS: Exposure to interesting deals and deal structures.
CONS: Bosses in the NYC debt and structured finance group physically threatened the associate on the team ("I am going to put your head through a wall") and threw a book in his face. They harassed our analyst until he cried and he eventually quit. I bailed asap. Caveat Emptor.”
https://www.glassdoor.com/Reviews/Employee-Review-Newmark-Knight-Frank-…
Must have been one fucked up model
How stupid of a thing could he have done? He must have completely blown up a transaction.
Anyone know what comp is like?
Curious as well
Grow a set and do it....very few groups like that in the country
^
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