4大FDD-疯狂的小时可怕的comp
我一直在4大FDD角色工作不到一年，它已经到了我继续质疑我每天在这里做什么的地步。不要误会我的意思 - 这项工作很有趣，我的团队已经执行了比我认为大多数FDD团队参与（$ 1B+）更大的卖方任务，但是这真的不值得。
When evaluating my compensation and hours the role is truly slave labour. I have consistently pulled 70 hour weeks and even had some north of 80, for an all in comp of $55k. I'm talking months straight of 70-80 hour weeks with multiple ongoing deals. And the best part is - no bonuses (implementing this year as turnover has been so high).
如果您想知道为什么我首先担任这份工作，这首先是由于其他团队成员有强大的学习机会。糟糕的一周！）
我知道四大是出了名的对comp vs磨不利pay off and wondering if anyone else has gone through this path to jump ship elsewhere? I've gained experience in modelling through the training here (25 hour course through learning plan) and also have had the opportunity to review quite a few models and CIMS, which makes me want to start trying to network and recruit my way to a potentialIBposition (If that's even possible). Any advice or past experience would be greatly appreciated!
Comments (5）
我在FDD工作，完全了解您来自哪里。虽然我没有在4巨头（在较小的4个大事上做到这一点MBBfolks have不用薪水，退出或特权处理。这是一个撇开的，但是您真的有$ 55k的$ 55k，那里有$ 0的奖金吗？除非您处于一个微小的市场，否则这比我在许多月前作为审计师所付的要糟。4巨头非常缓慢地加强补偿，因为他们终于意识到没有人愿意成为一个CPAanymore when they can work half the hours and make double the comp in tech or finance (not so much the hours in finance, but you get my point). Also, 70-80 hours nonstop for FDD is insane. I don't think your team was lying to you that 60-65 is a bad week with 70-80 being reserved for those nightmare deals. While FDD isn't perfect, your situation sounds really fucked from multiple perspectives, but especially comp. Hours have been brutal across the board for all teams because of this COVID crap, so hopefully that will normalize now that there's more certainty and headcount.
现在，您的选择。IB是100％的可能性。您可能不会get theGSTMTor whatever the fuck people on this site jerk off to nowadays, but solid boutiques/MMfirms will 100% take a chance on you if you can show you're quick withExceland understand finance. From there, you can probably lateral to a more prestigious bank if you need to for whatever reason. It'll take some networking and applying, but you can do it and I myself was offered an opp to do this after FDD, but turned it down because I don't like M&A and didn't want to keep sacrificing my personal life for a paycheck.
In addition toIB，如果需要的话，FP＆A或财务报告中更传统的途径。我真的会出售您可能在$ 1B+交易中所做的战略计划。我对FDD感到非常沮丧，因为我们必须勤奋的3000万美元卑鄙的小额低下，这些工作基本上仅包括愚蠢的薪资计算和像这样的胡说八道。如果您真的深入研究了这些交易的收入，成本驱动力等，请向公司出售您在分析Excel中快速降低数据的事实（希望您是），可以分开并理解公司的数据商业模式并解释公司向执行人员的故事比CFO更快，并且拥有很多会计知识，而不会对GAAP细微差别的细节陷入困境，而GAAP的细微差别并未实质性地推动企业的决策。重组咨询是另一个真正很酷的领域，并未得到很多提及，但可能是FDD的转变。
如果所有这些都失败了，我会诚实地考虑在FDD中的其他地方进行横向。4大四大将吸引和支持他们的员工，但是当您离开行业时，他们拥有最佳的品牌认可/IBand are currently giving BIG raises to people with relevant experience to join their practices because they're so short-staffed. If you really want to make money in FDD though,apply to Alvarez and Marsal。我听说它们可能是在政治上/文化上导航的一个棘手的地方，与任何4大4大4大的培训/支持相比，您的培训/支持更少，但是如果您使用的话，您将成为银行。如果我没记错的话，FDD至少像其他许多团体一样至少会削减他们的充电时间。至少如果您工作很多，您会得到很多报酬，甚至可能会超越一些窥视MBB。FTI Consulting also has一个基于利用的COMP模型，但要少得多。
Thanks for the advice, this is super helpful and good to know someone has been in a similar boat.
You're spot on with the turnover as it has been brutal since I got here and I think it's only going to get worse. As hard as it is to believe yes that is legit my comp. While I've gotten very small performance bonuses for killing it on certain deals this is what I'm getting paid.
Really appreciate the advice and have been working on fine tuning the resume to begin prepping for a shot at IB!
那太糟糕了。尽快出去。
IB市场目前正在绝对火灾。开始申请，除非您走了一两个月，否则不要打扰网络。如果您是一个了解缩写的温暖身体CIMyou will get first rounds at the very least
Don't think you quite have the experience forBB/EBbut certainlyMMor boutique would chance you. Just make sure your story is straight, 3 days worth of online training and reviewing models isn't really modeling experience TBH and they'll call you on it. FDD probably gives you insane attention to detail, aware of financial/accounting concepts and language, and very careful tracking/auditing/commenting, which is very helpful. Figure out what else is readily transferable and get out there.
Brother get an offer from another competitor right now, the market is red hot. Im a first year Consultant (did two years as an Analyst) making double your base and am feeling underpaid. I am in the M&A group at D which includes FDD but isn't my niche. Honestly, Im feeling underpaid and my hours are way better than yours (your hours are on par with our FDD group though). Reach out to all of the B4, Tier 2s, FTI (if you have restructuring experience), etc. You should be making way more than this and you are getting straight up fucked. Get a new offer this week. With all internships inIBI have recruiters from all top banks and consulting firms blowing up my linkedin and phone 24/7. Lateral now for at least 2x your salary.
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