Mar 02, 2024
 

Really dependent on the team you are joining (classic corporate finance, direct lending, mezzanine, power, infra). Can‘t speak for the US but in Europe pay is really good. What exactly do you want to know?

 

this is for the corporate finance group. what types of products does this group underwrite? its a lean team I know and I was curious about the culture and work life balance

 
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The Corporate Finance teams underwrite basically every type of transaction (IG, BIG, Direct Lending and Mezzanine). I think thats cool because you learn alot as each of these transactions obviously differ in underwriting and structuring.

Culture is great (IMO). You have yearly conferences (incl. a 2-3 week training for all new starting AN1s) where all juniors (analysts and associates) meet and spend some time together, and you have yearly off sites with your regional teams. Senior MDs (incl. the CEO) will show up on these conferences so you‘ll meet them as well.

 

What can you tell us about the European direct lending and mezzanine teams? i.e. hours/pay/culture Hours and pay especially for juniors

 

See my comment above regarding culture. Pay differs a little between European offices but what I heard is that pay in Germany is the best for juniors (>100k for AN1), pay in France a little below that. Bonus about 60-75% on analyst level and 100% for associates (would translate to roughly ~180-200k all-in for associates). Carry starting on senior associate level. Hours really depend if you are on a live deal or not. Can get tough sometimes in livedeal phases but still not too extreme. If no live deal, you can easily log off at 6-7PM on a regular basis. Also depends on your PortCos if there is alot to do or not. And also very flexible regarding WFH.

 

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