Apr 15, 2013

Boutique ibanking offer

New to the community. Hello to everyone!

So I am a senior finance major graduating in May at a non-core school with a 3.7 GPA. I have been looking for an analyst position for 6 months and have had plenty of interviews but never got an offer from a bulge-bracket. It has been a long frustrating road.

Finally, I have been offered an analyst position with a boutique middle market M&A bank (closes 10-15 deals/year ranging from $30mm-150mm on both the buy/sell side).

They are not in NYC but they pay well ($120-130k including bonus). What should I do?

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27 Comments

O

11y

...take the offer.....

Evening Star Pattern

Louboutins and Leverage

?

11y

grainflow:
New to the community. Hello to everyone!
So I am a senior finance major graduating in May at a non-core school with a 3.7 GPA. I have been looking for an analyst position for 6 months and have had plenty of interviews but never got an offer from a bulge-bracket. It has been a long frustrating road.

They are not in NYC but they pay well ($120-130k including bonus). What should I do?

Just wanted to quote this to make sure I wasn't missing anything...

[quote=Dirk Dirkenson]Shut up already. Your mindless, reflexive responses to any critical thought on this are tedious. You're also probably a woman, given the name and "xoxo" signoff, so maybe the lack of judgment is to be expected.[/quote]

Louboutins and Leverage

?

11y

grainflow:
Hello to everyone!
So I am a senior finance major graduating in May. I have been looking for an analyst position for 6 months and have finally been offered an analyst position with a bank!

They pay well ($120-130k including bonus). I am thrilled about the offer and will accept!

Fixed that for you...

[quote=Dirk Dirkenson]Shut up already. Your mindless, reflexive responses to any critical thought on this are tedious. You're also probably a woman, given the name and "xoxo" signoff, so maybe the lack of judgment is to be expected.[/quote]

CF

11y

TROLLLLLLLLLL, but by the off chance you are not a troll, can you pm me the firm? I will be going through FT recruiting next year. :D

Authored by: Certified Corporate Finance Professional - ManagerCertified Corporate Finance Pro

?

11y

are you fucking me - take it

?

11y

some BBs won't even pay you that much. JEFCO will lay you off right b4 your bonus.

ER

11y

couchy:
some BBs won't even pay you that much. JEFCO will lay you off right b4 your bonus.

I think you mean UBS

Authored by: Certified Equity Research Professional - 2nd Year AssociateCertified Equity Research Pro

Louboutins and Leverage

?

11y

couchy:
some BBs won't even pay you that much. JEFCO will lay you off right b4 your bonus.

Lol, what is JEFCO? Their ticker is JEF, and their legal entity is Jefferies Group...

[quote=Dirk Dirkenson]Shut up already. Your mindless, reflexive responses to any critical thought on this are tedious. You're also probably a woman, given the name and "xoxo" signoff, so maybe the lack of judgment is to be expected.[/quote]

Louboutins and Leverage

?

11y

Louboutins and Leverage:
couchy:
some BBs won't even pay you that much. JEFCO will lay you off right b4 your bonus.
Lol, what is JEFCO? Their ticker is JEF, and their legal entity is Jefferies Group...

Additionally, Jefferies pays some of the best bonuses on the street (group and performance depending of course).

[quote=Dirk Dirkenson]Shut up already. Your mindless, reflexive responses to any critical thought on this are tedious. You're also probably a woman, given the name and "xoxo" signoff, so maybe the lack of judgment is to be expected.[/quote]

VC

11y

Why do you even need to ask this question...

Authored by: Certified Venture Capital Professional - 2nd Year AnalystCertified Venture Capital Pro

PE

11y

@jasper90: I don't know what a troll is.

@everyone else: I am worried that with such a small and unknown boutique that I will have trouble lateraling over to a bulge bracket or getting into a top-notch business school. Should I even be concerned or should I approach this with the mindset that I could learn a ton?

Thanks for the advice on taking the offer.

Authored by: Certified Private Equity Professional - 1st Year AssociateCertified Private Equity Pro

IB

11y

grainflow:
Should I even be concerned or should I approach this with the mindset that I could learn a ton? .

It doesn't matter how you approach this because you don't have any other options. You should just be thankful for the offer you have and stop obsessing over bulge brackets and MBAs

"For I am a sinner in the hands of an angry God. Bloody Mary full of vodka, blessed are you among cocktails. Pray for me now and at the hour of my death, which I hope is soon. Amen."

ST

11y

grainflow:
@everyone else: I am worried that with such a small and unknown boutique that I will have trouble lateraling over to a bulge bracket or getting into a top-notch business school. Should I even be concerned or should I approach this with the mindset that I could learn a ton?

Do you know how many people would kill for just that one offer at an "unknown" boutique? Once you get your foot in the FO door, it's much easier to get to where you want to be in the FO (I'm talking sellside only) compared to being on the outside looking in. You might end up liking this place, but if not, you'll have some solid experience on your resume that you can take to another firm. Just depends on your networking skills.

Louboutins and Leverage

?

11y

grainflow:
@everyone else: I am worried that with such a small and unknown boutique that I will have trouble lateraling over to a bulge bracket or getting into a top-notch business school. Should I even be concerned or should I approach this with the mindset that I could learn a ton?

Shut your mouth. Sh-sh-shut your mouth. You're sounding stupid...

When I was a kid, when I was a little boy, I always wanted to be a dinosaur, I wanted to be a Tyrannosaurus Rex more than anything in the world, I made my arms short and I roamed the back yard, I chased the neighborhood cats, I growled and I roared, everybody knew me and was afraid of me, and one day my dad said "Bobby you are 17, it's time to throw childish things aside" and I said "OK Pop", but he didn't really say that.. What he really said was, "Stop being a fucking dinosaur and get a job!"

[quote=Dirk Dirkenson]Shut up already. Your mindless, reflexive responses to any critical thought on this are tedious. You're also probably a woman, given the name and "xoxo" signoff, so maybe the lack of judgment is to be expected.[/quote]

Louboutins and Leverage

?

11y

Best Response

grainflow:
@everyone else: I am worried that with such a small and unknown boutique that I will have trouble lateraling over to a bulge bracket or getting into a top-notch business school. Should I even be concerned or should I approach this with the mindset that I could learn a ton?

Alright, apparently none of what has been said has been getting through your incredibly think skull, so I'm about to fuck you up with some knowledge... YOU. AREN'T. IN. A. POSITION. TO. BE. CHOOSY.

Maybe if you had taken care of your shit and networked and been qualified and on your game, you would be in a situation right now where you were deliberating the merits of OFFERS... As it stands.. you have OFFER, as in the singular, non-plural form. You do not have a decision to make in this situation. Either you want to do banking, in which case you take the offer. Or you merely like the idea of banking, in which case you wouldn't be good at the job anyway.

It's adorable as fuck that you are wasting everyone's time whining about how you are concerned about being able to lateral or get into b school... Well guess what... these aren't any of your concern. You give up the right to feel like an offer is beneath you when you don't have any other options..

You want some real advice? Like for real reals? As in for totally serious?

Grow the fuck up... You sound like a child. Either take the offer or don't, but stop acting like a self-absorbed, whining sack of entitlement... It's unbecoming...

xoxo

[quote=Dirk Dirkenson]Shut up already. Your mindless, reflexive responses to any critical thought on this are tedious. You're also probably a woman, given the name and "xoxo" signoff, so maybe the lack of judgment is to be expected.[/quote]

AM

11y

This was exactly what I was thinking when I read this thread. I only have one SB left and it goes to you

Louboutins and Leverage:
grainflow:
@everyone else: I am worried that with such a small and unknown boutique that I will have trouble lateraling over to a bulge bracket or getting into a top-notch business school. Should I even be concerned or should I approach this with the mindset that I could learn a ton?
Alright, apparently none of what has been said has been getting through your incredibly think skull, so I'm about to fuck you up with some knowledge... YOU. AREN'T. IN. A. POSITION. TO. BE. CHOOSY.
Maybe if you had taken care of your shit and networked and been qualified and on your game, you would be in a situation right now where you were deliberating the merits of OFFERS... As it stands.. you have OFFER, as in the singular, non-plural form. You do not have a decision to make in this situation. Either you want to do banking, in which case you take the offer. Or you merely like the idea of banking, in which case you wouldn't be good at the job anyway.

It's adorable as fuck that you are wasting everyone's time whining about how you are concerned about being able to lateral or get into b school... Well guess what... these aren't any of your concern. You give up the right to feel like an offer is beneath you when you don't have any other options..

You want some real advice? Like for real reals? As in for totally serious?

Grow the fuck up... You sound like a child. Either take the offer or don't, but stop acting like a self-absorbed, whining sack of entitlement... It's unbecoming...

xoxo

CS

11y

grainflow:
@jasper90: I don't know what a troll is.
@everyone else: I am worried that with such a small and unknown boutique that I will have trouble lateraling over to a bulge bracket or getting into a top-notch business school. Should I even be concerned or should I approach this with the mindset that I could learn a ton?

Thanks for the advice on taking the offer.

Do you have other offers? If not what are you considering between? Unkown boutique vs unemployed? Are you willing to risk the offer to attempt to interview again if you could even get one before May?

Authored by: Certified Corporate Strategy Professional - 1st Year AnalystCertified Corporate Strategy Pro

PE

11y

Brand name only takes you so far. You can be a shitty analyst at GS or you can be a star analyst with strong references at a boutique. When time comes for lateral opportunities, the star analyst will be looked at 99% of the time.

Obsession over brand names will hinder your career progression and limit opportunities. Take the offer and celebrate!

Authored by: Certified Private Equity Professional - PrincipalCertified Private Equity Pro

Louboutins and Leverage

?

11y

I realize that sounded harsh, but it needed to be said. Congrats again on your offer... Take it, and if you are good enough to lateral or get into business school you will be able to cross that bridge when it comes.

xoxo

[quote=Dirk Dirkenson]Shut up already. Your mindless, reflexive responses to any critical thought on this are tedious. You're also probably a woman, given the name and "xoxo" signoff, so maybe the lack of judgment is to be expected.[/quote]

ER

11y

Louboutins and Leverage:
I realize that sounded harsh, but it needed to be said. Congrats again on your offer... Take it, and if you are good enough to lateral or get into business school you will be able to cross that bridge when it comes.
xoxo

Gratz yo, just be happy you're not @ UBS.

Authored by: Certified Equity Research Professional - 2nd Year AssociateCertified Equity Research Pro

Louboutins and Leverage

?

11y

DaisukiDaYo:
Gratz yo, just be happy you're not @ UBS.

What's a UBS?

xoxo

[quote=Dirk Dirkenson]Shut up already. Your mindless, reflexive responses to any critical thought on this are tedious. You're also probably a woman, given the name and "xoxo" signoff, so maybe the lack of judgment is to be expected.[/quote]

CF

11y

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IB

11y

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Authored by: Certified Investment Banking Professional - 3rd+ Year AssociateCertified Investment Banking Pro

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