Lincoln International Questions
Anyone know much about Lincoln International (NYC or Chicago)? Asking for a friend looking at a lateral opportunity.
What does the comp progression look like from associate to director level? WSO Database numbers look a little off relative to street. Any other perks / benefits?
What is culture like? I've heard great things about it but if anyone can provide more color that would great
What are their best groups and what type of mandates are they known for? TMT seems to be brought up on prior threads
Looks like they have been trying to build out a restructuring practice - anyone know a what kind of opportunities they have looked at and what the group is like?
Seems like they do some modeling tests for laterals - what should someone expect from this (LBO, 3-Statement, DCF, Waterfall, etc.)?
Can't comment on much of what you asked except that i interviewed with Lincoln many years ago and thought they had a fantastic culture at least from what i gleaned from the interview process.
Really seemed like a group of folks that had a lot of fun with each other and liked working together - haven't seen that same culture at other places.
Probably a good place to be a career banker.
Comp: I’ve spoken with a couple VP’s and Directors there and they are all pretty happy with the pay. It definitely pays street average.
Culture: the culture there is great, similar to other Midwest-based firms like Baird/Blair. They got a bad rep a while ago due to an intern passing away but the company has worked extremely hard to prevent that from ever happening again. The employees are all welcoming and have a good dynamic, and don’t think it’s very common for people to break 90 hours.
Best Groups: the heart and soul of their business has historically been in industrials, but they are aggressively growing out its TMT practice which now has the most dealflow for the firm. TMT is split between NYC/SF. Hoping to double the size of the group in the next 3 years. M&A groups as a whole target the $100-$500M range but have been getting a few $1b+ engagements as well.
Restructuring (SSG): the special situations group is interesting and is also looking to expand. They were the lead advisor on the $30b civil claims of the PG&E case, so definitely have had some good projects. Don’t know too much more about this group.
Modeling: typical LBO/DCF, shouldn’t expect anything too crazy.
Thanks - are you an analyst at Lincoln? Can i PM you?
Just confirming a few things above from my experience:
comp: As noted above, comp is good. Would just expect it to be street.
Culture: Culture is good. Lots of down to earth Midwestern people. Far less assholes than most places. As said above, since the intern incident they’ve done a lot to make sure juniors are happy and not overworked. Hours wise not a sweat shop, but you’ll also not just be sitting on your hands cruising. Would just expect normal banking hours. There’s quite a few bankers that started out as analysts when the bank was first starting out and are now MDs so I would say they are more invested and understanding of not just grinding out juniors with work.
Groups: The bank was founded by industrials bankers so that’s where probably the biggest and best deal flow is. The others groups are growing and seem to be hiring like crazy.
Modeling: Pretty straight forward templated DCF and LBO for associates. Associates have the pen on the DCF and LBO and analysts run with comps
I personally think interesting place to be especially if you’re thinking about being in banking longer term
Why do associates run the model? I'd assume that holds the analysts back from learning wouldn't it? Seems a bit backward compared to most banks.
associates generally run point on the model but analysts do modeling work as well. Think it depends on the associate running the deal.
May I ask whether you have thought well of the C&R group in NY?
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