Qatalyst Partners

Can someone tell me more about this firm?

Have heard it's a TINY (~60 person firm)... That's insane when you think of Evercore having ~2,000 people. I've done a fair amount of research and see they recently led the Slack sale to Salesforce, worked on LinkedIN sale to Microsoft, the sale of Ebay...

I have a friend of a friend's brother who used to work with someone there and had mentioned comp clearing $200k first year as an analyst... 

How does this tiny firm run such major deals... From what I've seen on linkedin, even people from GS TMT choose to jump to Qatalyst. I'd imagine exit ops, comp are top of the line. Any idea on the culture there?

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Comments (19)

  • Analyst 1 in IB - Ind
Jan 3, 2021 - 1:15pm

It's a really great shop (arguably the best place to be if you're interested in tech M&A). Runs very lean, consistently wins the highest profile m&a mandates, analysts get a great experience (VC exits in particular are top notch). 

I have heard the interview process is extraordinarily long, technical, and difficult though and you need to know the tech industry inside and out to win an offer. 

  • Prospect in IB-M&A
Jan 3, 2021 - 1:20pm

Interviewed there for SA in London

European team is very small, people I met were very nice and very positive about the culture. 

The interview was much more technical than what I had in other BB/EB, and they also asked questions about particular tech verticals. They expect a strong motivation and knowledge in the industry

  • Analyst 1 in IB - Gen
Jan 4, 2021 - 2:20pm

Interviewed for SA, didn't get very far, but agree with this, really intense technicals and soft technicals (tests of your industry knowledge) . Know someone who got further than I did – he said he had 10 interviews before getting rejected. Final interview is supposedly with the CEO.

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Most Helpful
  • Analyst 3+ in IB-M&A
Jan 3, 2021 - 2:32pm

Everyone has said it, and their tombstones speak for themselves. Comp is very high, teams are lean, and benefits generally are good (expensing and reimbursing, etc.). Exits are mostly into venture / growth, which is an artifact of their culture and the type of people analysts generally are vs. ability to place elsewhere. I know this year around analysts are going to SLP, HF's, and top VC/GE.

For tech, the only firm that really compares in deal flow and consistent transaction significance is GS TMT. Used to see MS Menlo a bit more. Other tech groups do well also and have growing momentum (JPM, BofA, Lazard) but imo no one but Goldman works on deals as large or high profile so consistently.

Jan 3, 2021 - 2:45pm

Couldn't agree more GS TMT & Qatalyst are killing the tech space... It's absolutely crazy to see a GS TMT guy who summered last year jumped over to Qatalyst for FT. It shows that some places are crushing it 

Array

  • Intern in IB-M&A
Jan 3, 2021 - 3:12pm

It's really not "absolutely crazy"... I know who you're talking about and not everyone wants to start their career at a large firm. There are other factors to consider other than perceived prestige

Jan 4, 2021 - 5:16am

They are the place to be for tech M&A. Their founder, Frank Quattrone, is an absolute animal of a dealmaker. Lean structure combined with multitude of megadeal after megadeal allows for incredible comp across ALL ranks. Their analysts / associates enjoy top of street comp compared to literally any of their peers as well as a hell of a deal sheet. Won't say the associate number I've heard given I don't want that to be the expectation by any means but I know it's materially higher than places like CVP and EVR.

I'm not trying to jerk them off or anything but they definitely crush it in what they do.

  • 1
Jan 4, 2021 - 11:38am

Appreciate the insight – yeah no sense in throwing a number out there since everyone goes wild about that haha. Figured a tiny firm working on mega deals would generate some crazy good comp!

Array

  • Prospect in IB - Gen
Jan 5, 2021 - 8:12pm

Why would analysts want to exit? Pay is way higher than anything they would receive in VC/GE. Is wlb terrible or something (considering low head count and insane deal flow).

  • Associate 1 in IB-M&A
May 13, 2021 - 1:07am

wlb, interest in investing (especially considering how vc and growth are glorified in the tech world), and access to the top exits is something that's difficult to pass on. If you're good at any of these places, comp in the long run will begin to converge eventually. That being said I wouldn't leave if I were there haha

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Total Avg Compensation

June 2021 Investment Banking

  • Director/MD (9) $911
  • Vice President (35) $364
  • Associates (202) $234
  • 2nd Year Analyst (115) $151
  • Intern/Summer Associate (97) $145
  • 3rd+ Year Analyst (27) $145
  • 1st Year Analyst (420) $131
  • Intern/Summer Analyst (338) $82