Whats with the hate on FT Partners?
They raise their base to 140k and now all of the sudden the entire street and their moms are shit posting about them being an EB? My god some dude literally wrote a novel shitting on the firm because of this.
Dont think a fintech focused investment bank was ever trying to be an elite boutique to begin with. Yes the hours are brutal, but they’re compensating for it. If you don’t want sign your life away working 100hr weeks on 50m capital raises, then don’t apply here. You’re not going to have a fun time.
But some people are actually passionate about fintech or growth equity, and its commendable for FT to be aware of themselves being a sweatshop and pay accordingly. Really curious to see how the all in comps going to look this year.
Street no like no name brand bank have higher pay. Street write essay to show anger. Street angry. Street go rawr to steve mclaughlin
Sounds like a good rap verse to me. Kudos to you boo!
Found the FTP incoming summer analyst!
Jokes aside, the reason is the same reason we see tier list on this forum every quarter or so
The reason why people have and will continue to think lesser of FT Partners, in my opinion, boils down to their exit opportunities. There's no denying that FTP's deal flow is high thanks to its solid relationships with fintech firms. But, it would be insufficient to categorize FTP as an "elite boutique" (even if pay is higher) when it is extremely rare for analysts to jump over to private equity. Keep in mind, every elite boutique has strong placement for PE and most investment banking analysts aspire to get their IB experience so they can ultimately land a PE role. Not saying this is the right career move but that's what the crowd is after and they would judge and perceive things in that lens always
Obviously we are all just salty that we did not receive a “Limited Edition” Steve McLaughlin 2020-21 FT Partners Covid Coin and will all just have to settle for the Standard Edition with the rest of the unwashed masses.
Ppl have better things to do than thinking bout them. It’s ftp kids hating anyone who refuses to call them the next eb.
The essay may be the best thing I’ve ever read on this site tbh
No I agree it is and always will be an industry boutique. I don’t think anyone is under the impression it’s anything else. FT is good in fintech and has solid deal flow. Would be a different story if they didn’t have any work to do
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