Pros
- Lean deal teams allows analysts to interact directly with C-level management team of clients - Close knit junior banking team - Responsibility early in banking career
Cons
Absurd hours with senior management that disrespects and abuses junior analyst team. Deal quality is extremely low and analyst morale could not be lower, most analysts leave within first year of hire. CEO rules with an iron fist and takes deals that include a retainer to keep the lights on, regardless of probability of close. Investment banking atmosphere is not for everyone but culture is toxic and pay is below market. Bonuses were set to be paid after 14 months and were delayed without notice and paid at later date. CEO heralds himself for his efficiency and has never read a pitch. Analysts commonly stay until 2am or later working on simple tasks that are mindless and aren't conducive to intellectual growth. Majority of partners have no respect for analysts and are quick to throw them under the bus at first chance they get, however, some partners care about analysts and help teach. As mentioned before, AGC pays interns to write positive reviews.