I have through my own efforts brought in 3 clients that in total have created around 6M in fees. As a VP I am only eligible to receive 20% of the fee. My base is $150k.

(For context I work at a LMM no name boutique)

Our ceo is incompetent and there’s really only one partner here who I get value out of working with. They offered me a partner position but I don’t want to “buy in” and sign all these non compete agreements. I’m embarrassed of the ceo. Should I just start my own firm?

likehelpful
Posting as :
works at
You are currently posting as works at

(Cont’d)
I understand that LMM M&A shops are completely commoditized but somehow I manage to keep bringing in deals on a pretty consistent basis and have a handful of others in the pipeline. I just don’t see the point of working with a group where I don’t get to control the brand or have a say in people they hire when I could do my own thing with a colleague of mine and have more control + upside on the deals I bring to the table.

like

I need to do this honestly. Unfortunately I don’t have many mentors in IB and have figured out most of this myself.

Nice work. Did you fully originate + then execute with no help from the brand?

20% of the fee is not hugely below market all the way up to MD level, especially if you are a VP - the majority of firms at that level you’ll get a bit of credit and a push upwards.

You’ll have more upside, but also more risk + operational burden.

You’d be better off moving up in brand and up the deal size, and keep pushing onto MD. Once your book and deal sheet is big post an MD slot that’s when the really successful individuals leave to start their own firms.

like

And yes ! Full originated myself absolutely no help in pitching. On the execution side I used the one partner that is helpful who really only pitched in on diligence and the initial negotiation phases but it is something I could’ve handled myself. Used the analyst team who I hired and trained to support me as well.

Only if you hire me as your counsel lol

like

If you give me a good price sure haha

So you got $1.2M for bringing in three client, as a VP, and ur mad?

I’m not at a BB I’m at a boutique no name LMM place. If I left they’d have essentially no ability to execute.

It was 3 closed deals over the course of 20 months. 3M, 1.8M, 1.2M.

Related Posts

Hey TW,

Is there a HLD or LLD or both design rounds in java dev interview?

like

Will EY India revise my offer, if I have a counter offer from a mid level company paying me +5 lacs as fixed and the variable amount is 10%.. Anybody wants to share their journey with EY India doing the same.

Does anyone know what the referral bonuses are at Forvis?

Hi everyone - Can I please get some likes so I can DM? Thanks in advance!

likehelpful

Any massage recs in downtown/Back Bay/Southie? Looking to go with my roommates to treat ourselves, but I also have some upper back/neck pain. Is massage envy any good or are there better options that aren’t crazy expensive?

Applied for a role with Salesforce and had both a talent advisor and corporate recruiter reach out to schedule time to talk about the role. Is this normal for the recruiting process for two different people to reach out to schedule time? Is one more senior than the other/different approach?

like

Anyone know if google plans on complying with GDPR and EU regulations for data privacy? Having a nightmare managing transitions to alternative tools

Post Photo
like

What programs do my fellow HR managers recommend as far as personality assessments for hiring ?

like

My fiancé and I both have the CSR card and Freedom Unlimited combo and love them. We are thinking of adding another card and we were considering the Amex Platinum (to diversity transfer partners) or likely a United card for lounge access since we live in Chicago.

Does anyone else have both CSR and Amex Platinum? Would you recommend?

like

Any Australian based Demandware experts looking for jobs?

like

Just got let go and my manager said part of it was because I was looking for other jobs. I didn't look for other jobs at work, so I'm not sure how they could have known that unless a coworker snitched on me. Is it worth it to try and find out who or should I just leave it? Can't deny that I'm seriously pissed off about it.

like

What are the chances of me getting unemployment after quitting? I left for solid reasons that went unaddressed for months so will that have any impact on my eligibility?

I want a baby 😭

likehelpful

I've my own thoughts about the following topic but I want to hear what everyone has to say.

The question is: do you need to be a competent software engineer/developer in order to be a good solutions engineer/architect?

like

How many years into the partnership do you hit 7 figures? On an average.

likesmart

Relocation - EY INDIA

Hi Guys,
I am from EY India (2 years ++)
What's the best way to approach my counselor for a relocation to another city so that the counselor/manager approves without any issue..
Obviously it won't happen overnight, I have to give my handover and that could take a month, I am fine with that.

Anything I should take care of before joining new location?
Please provide some tips..

Thanks in Advance!

like

Do you always need an MBA to get into MBB?

likefunny

I'm in the Wharf, but could come into city for a meet up.

like

How do you get a job working in food science research? What are some of the best companies to work for in that field?

like

Who is planning for next year's draft?

like

Additional Posts in Investment Banking - IBD

I am going to speak with a recruiter at Houlihan Lokey TMT in LA. I would like to know more about the group and its culture. Would love to connect and network🙏

like

does anyone have experience exiting after 1 year? any vengeful MD stories? my MD knows a lot of people and i’m scared if i interview or exit to one of these places that he has a connection at he might try to mess with my career...

like

Any thoughts on BNP M&A in nyc

like

Anyone know of any banking analyst lateral opportunities in Chicago? Looking to jump to BB/EB. Any insight to the shops around here is much appreciated!

like

I want to be a client instead of an investment banker. Where do I sign up?

likefunny

Difference in A1 stub bonus when joining in March vs. summer as usual? I’m joining early, but still part of the 2022 Class.

like

Have technical interview (pen and paper only) coming up with a BB, can anyone offer advice/resources/suggested way to practice?

like

Anyone analyze QoEs before? Need to come up with questions for due diligence call and looking for some guidance

like

Left IBD to quickly - VP1 opps?

Long story short - was lured into an opportunity to do BD for a large PE PortCo… better work/life balance, but honestly miss the deal cycle.

Anyone know of open VP1 opps right now?

Quick background - former MM banker (think Raymond James, Piper Sandler size) doing FinTech and Asset Management within FIG, but also open to other sectors.

Thanks!

like

Anyone work for Wells Fargo Corporate and Investment Banking? Have upcoming interviews for two teams (industrials and healthcare) for corporate banking analyst positions and wanted to know what kind of questions to expect. Thanks!

like

Any staple brands for a first year analyst’s wardrobe?

like

What does the branch transfer process look like for UBS? I'm wanting to transfer from my current office to one closer to home.

Interesting all the noise about these PPT, my take:

The pandemic took all the upside of an IB analyst life (client meetings in person, fancy trips, suit up, worshiped at networking events) and left all the juniors with the downside (long hours, monkey-like type of job, aggressive work environment).

Not that the complaints are not sort of legitimate but you may need to revise the decision-making process that led you to accept a return offer. Specially if you were looking for less hours.

like

What are realistic expectations for 3rd Year Analyst / Direct Promote Associate bonus range at a BB? Note that at MS, 2nd year bonuses in my group last year were 90-115K, while MBA associates received a pro-rated 90K stub (~40k). Personally would be pretty unhappy to take a pay cut between 2nd and 3rd year…

like

Thoughts on PJT strategic advisory?

like
like

Is 36 too late to join IB as an associate? Alternatively, can stay in my industry (not banking) as manager.

like
like

Currently an analyst-level consultant working with a client that has an investment banking division. Since I have access to internal systems, could I reach out to bankers for networking from within using those systems? Or would that be too aggressive? lol

like
like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal