One of the strongest programs out there
Pros
- incredible amount of external facing responsibilities as an analyst: every single analyst works closely with their clients’ CEO / CFO, which from what I have seen is unparalleled. Over the course of the deals I’ve been on, I was responsible for a significant amount of client interactions, from daily calls with the CFO to build the model, or leading parts of client meetings. In addition, it is common for a starting analyst to attend management meetings with buyers, lender, and various 3rd party providers. The level of responsibility an analyst gets at FT in this capacity has been positively surprising for me. - get to go above and beyond in developing strong financial and technical skills: every bank will teach an analyst how to build and work with DCFs and LBOs, but FT is unique in how deep the analysis goes. I and the analysts I’ve worked with built bottoms up operating models for every deal ( this is culturally a must, so analysts will get their bread and butter from these experiences). In addition, analysts learn how to perform pipeline, cohort, unit economics, and several other critical forms of analyses investors use frequently, but very few banks go out of their way to teach their analysts these skill sets - the biggest perk of the job for me has been the senior banker exposure, particularly during strategic discussions regarding process structure and most importantly negotiations with buyers!! Can’t stress this enough - I am shocked at what I’ve been able to learn just by watching how the senior bankers negotiate and deal with investors. It’s not really something you can learn from reading a book, you have to watch the best to see how to do it effectively. So this for me was the best part of my analyst experience so far - great culture, great people to work with. It’s easier to come into work when i know I’m working with people I have a good time with
Cons
- Long hours, but this more or less should be expected. It has gotten a bit better recently with more senior banker hires and more analysts in the program but should still expect long hours - expense policy could be a bit less strict