Elite Boutique-Deal Experience?
I know everyone has heard about the great deal experience analysts at Greenhill, Evercore, Lazard get. I don't doubt that many of the analysts do get great experiences, but from what everyone says here typically its only one analyst per deal no matter how big the deal (e.g. Berkshire-Lubrizol, AT&T-T-Mobile), which seems like its great for that analyst, but at the same time firms like LAZ/EVR have 20+ first-year analysts each in New York, but these firms only do 5-10 big deals per year. Does that translate to a lumpier experience where half of the analysts get incredible experiences and the other half get relatively lackluster ones (dependent on luck and work quality at the start)?
At a BB, one advantage I can imagine is that since there are multiple analysts on big deals, the overall experiences each analyst gets is a little bit more predictable. Question is would you rather have an 80% chance of being the 2nd/3rd analyst on a big deal or a 40% chance of being the sole analyst on a big deal?





From an analyst perspective,
From an analyst perspective, the size of the deal doesn't matter that much. It's more about the learning experience and what you're taking away from it
It's not uncommon at elite
It's not uncommon at elite boutiques to have more than one analyst on a deal. But when it comes to elite boutiques, one thing's for sure: you will be very busy on mandated work (less pitching than BBs).
have several friends at
have several friends at Evercore and they also do a ton of smaller deals (<500mm) in addition to the big ones you see on the front page of dealbook. Each analyst has an incredible deal experience, but only a few get to work on some of the larger landmark transactions. this doesn't matter when it comes to recruiting (everyone will still get top interviews coming from an elite boutique) and still bodes well for a great analyst experience