Incoming GHL SA 2024 Analyst - Worried / Anxious
Hey All! As you all have probably seen, GHL is in the midst of an acquisition with Mizuho - As an Incoming Summer 2024 analyst, I'm now worried about future prospects. Don't know what I quite want to do post-banking, just that I don't want to be a career-banker. A few UMM tech PE firms interest me (Silverlake, Vista, Warburg Tech, etc.) and a few other UMM PEs such as Platinum, GTCR, MDP, and Berkshire are ideal places I'd love to interview it. Should I start looking elsewhere? If so, how can I best set myself up for FT recruiting for 2025?
Bumpppp
:(
Also an incoming 2024 SA. Really wonder how this will impact exits. No idea if we’ll still have a shot at places that are similar to historical GHL exits, or whether this means we’ll now have Mizuho-caliber options. I guess time will tell?
Same :( What city are you?
NYC
Jesus Christ, you have this completely backwards. Your exits are contingent upon your quality of work, brand name and who you worked under. Being associated with Mizuho does not automatically equal a decline. You will still have "Greenhill" on your resume, work on the same kinds of deals GH has been doing for decades and work with the same people. It is the exact same thing. Only prestige nerds on WSO think of it this way and it's actually nuts.
Guys nothing is changing they're keeping their brand, office, business cards, etc. it didn't just magically become a shit bank overnight lmao if anything this is good for you guys, as you're now backed by a major corporate.
Lmao bro the fearmongering is crazy. Nothing is probably gonna change. Being backed by one of the largest banks in the world will probably only help Greenhill.
As someone currently at greenhill (ignore the title), my read is that having balance sheet access will only help. It’s not like we were crushing deals left and right before
Really reassuring to hear! How’s the sentiment been around the junior team overall if you don’t mind my asking? Are people excited, indifferent, or not too amused about this?
The attitude has been neutral to positive. With any acquisition there is always an air of uncertainty but, again, it was clear we were losing deals due to lack of balance sheet access. There’s also a view that the underperforming MDs (who always create the most work) will eventually get pushed out
Unease makes sense - Thanks a ton for shedding some more light on it though, means a ton. Any advice for an incoming SA to the firm next summer?
Do you think the cuts post acquisition will target most of these MDs? I never realized Greenhill had over 50 MDs yet don’t even work on nearly as many deals.
Who knows is my honest answer. That said, you can look at MD productivity vs peers and make your own bet
Get ready to learn Chinese (Japanese) buddy
thx wanna kms, i rejected roths and gugg for GHL
Greenhill sushi bar is gonna be BUSSIN
GHL SA return offer rates are piss-poor anyway, heard 2 offers for ~12 interns in LDN '21. Would be more worried about using this as a springboard to secure a different FT role, rather than prestige. Internship will be a great learning experience due to culture and strength of the team.
Thanks man - Yeah, I'm probably going to re-recruit for FT positions (I'm a Summer 2024, from a non-target, so fingers crossed)
All the Greenhill Analysts and Associates drinking the Scott Bok kool aid in this stream! Very funny to witness.
Greenhill was already in major decline before the Mizuho acquisition. You think having access to a tier 3 bank’s balance sheet is going to radically change things for Greenhill? Maybe if you’re interested in doing shitty DCM deals for the foreseeable future. Greenhill failed - Face it y’all. You think Bob Greenhill would have wanted this 15 years ago? Lol.
The fact is, Greenhill MDs are impotent. Scott Bok is incompetent (except for maybe lining the pockets of other MDs). Why don’t you see Evercore or Moelis considering an acquisition? Because their MDs are effective and those banks are actually run well.
Talent leakage and further brand decline will happen gradually over the next several years. But, let’s face it, Bok already ruined the brand before the acquisition. Just look at the reaction across the street, DD, and on WSO - People are laughing behind your backs GHL FTEs.
Stop drinking the kool aid.
Yeah, honestly I was really happy with the firm during my interview process and rejected Roths and Gugg to come to Greenhill since I thought exits, exp, and comp are more or less the same and thought GHL would be a great fit. From what they've told us, we'll still be a M&A only bank, but this isn't what I signed up for..I'm an incoming Summer 2024 from a non-target, how can I best position myself to full-time recruit for one of the Evercore's or Moelis's out there in your opinion? I value your candidacy and transparency a ton, I just want to set myself up in the best way possible.
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