Boutique Salary Question
I'm Interviewing at a regional boutique for an SA position, they are looking to use the SA to recruit a new FT analyst starting summer '13 as their current analyst will be either moving on or becoming an associate. I'm wondering what sort of comp I should be looking for, it's in Boston, deal flow is good, they are focused on a niche area and are well regarded in it, their average deal seems to be $50 to 150 MM. I was thinking of, if it came up in the interview for 60-65k base, 5-10k sign on and 25-40k bonus or an all in between 90 and 115, I'm not going to broach it, but if it comes up is this reasonable?





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90-115K sounds a little too
90-115K sounds a little too high for a no-name boutique. Expect around 65-85k all in.
He didn't say no-name, he
He didn't say no-name, he said regional and well regarded. It could be 90-115, but I'd expect closer to the lower side of that. Also, you're interviewing for an internship, normally FT pay wouldn't come up. If this is your only option for an SA, I'd take it regardless of comp. If the comp ends up being shitty, leverage the internship for something better. It's their fault if they don't offer a comp package that convinces you to work for them. Of course, if they have friends in the business (which they probably do), burning them could bite you in the ass.
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It's not my only opportunity,
It's not my only opportunity, the season is still early and I have other interviews, I spent my last summer at a MM and the reason that this appeared interesting is that they are strong in an area of interest for me. I just figured I'd head out to the interview as it would be nice to have the offer to leverage with the MMs I am applying at. Do you think that since it's in Boston comp will be lower?
Honestly I've got no clue,
Honestly I've got no clue, and without more information then you probably want to share in public, I highly doubt anyone here can give you a good answer.
"WSO is like the 300 for anti spamage. None shall pass." -happypantsmcgee
"You stop being an asshole when it sucks to be you." -IlliniProgrammer
It's a smaller shop 10-15
It's a smaller shop 10-15 people, lower MM focus, 2 offices, Boston and another Tier 2 city. Top executives are from top tier BBs and MBAs, travel heavy, I don't want to give out the boutiques name. They do mostly M&A, with some fairness opinions, restructuring, Corp fin and secondary offerings.
Based on the above and an
Based on the above and an offer I had from similar this:
90-115K sounds a little too high for a no-name boutique. Expect around 65-85k all in.
Sounds about right.
55k base, no sign on, 50%
55k base, no sign on, 50% bonus around 80k all in. first year analyst.
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Honestly that doesn't sound
Honestly that doesn't sound too bad. I'm betting that the hours are only going to be in the 40-60 hour range. So not horrendous, but not ideal. @barboon think there is any wiggle room on base?
I was quoted 50-60 hours
I was quoted 50-60 hours during my interview for a boutique (follow-up 2nd round interview is this Friday). Do you think he was just being nice and trying to sugarcoat the hours or does that seem legit? I almost would rather work more then that and just get paid more, but then again, it would be hard to complain about 50-60 @ 80-85k.
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Too many variables to make a
Too many variables to make a decent guess. I work at a regional boutique too and the IBD analysts start at 80k and bonus is on par with the street but I've heard of many places paying substantially less.
If the hours are that low, I think it justifies the lower pay but it that says something about deal flow.