I hate boutiques
I hate these fucking boutiques. They make you go through one to two months of interviews, have you meet all these fucking bankers, make you do case studies and then call you and say they are "at-capacity" or they are in a "hiring freeze".
The firm is 10 fucking bankers, maybe 1 analyst. Why the fuck does it take two months to tell me that shit? How the hell are you at capacity or in freeze if your total firm is less than 30 people?
If you were not serious about bringing on an analyst, why waste each other's time?
They have me build them models and run these analyses and then hire a fucking intern for free.
I fucking hate boutiques. Fucking pieces of shit..
In your experience, how long have boutiques taken to hire?
I feel like shit right now since this is the fourth time its happened to me. Anyone been through this?
its just the times my man
they are just trading up and trying to get the best they can. everytime a BB announces a round of lay-offs, they just start interviewing more and more people. its just the greed to get better and better. some of my laid off buddies say for a first year analyst place at a no name boutique, they got 250 applications, mostly from experienced people (with one or two years of exp).
so its just the times.....keep looking though, the key point to remember is, all you need is one hit and you are set.
So I guess even getting into
So I guess even getting into a boutique, one shouldn't be disappointed?
I am looking at my chances at getting a FT offer at a big firm, and they are looking pretty slim (I am in Canada). So I've come to realize its most probably a boutique for me (or Accounting firm, which I despise) and I've been pretty upset because of that. But your post tells me something different.
yeah
In this market, you should consider yourself lucky to get into a boutique.
A lot of ex BB'ers are competing to get into smaller firms.
Boutique firms are not necessarily bad places. a lot of them offer close to the same money, better hours, better mentorship from senior bankers. brand name always hurts when recruiting for PE, but can be overcome. not the worst option even in best times my friend.
It took me three months to
It took me three months to get an offer from a boutique, but it was well worth it. I started as a new analyst, but the lateral hires we picked up from the layoffs like it better as well.
Like ghosht says, close to same pay, better hours, better exposure to clients, and a full understanding of the deals (from building models from scratch and being involved in the whole process).
Don't be a hater.
im referring to..
im referring to boutiques that start interviewing and have you go through all the crap during interviews (meeting a dozen bankers, spending countless hours convincing them you want to work for them, walking them through ur deals, building the models showing them you can handle the work) and then getting a call saying that they won't be hiring anyone or are done accepting resumes or are at capacity because they hired an intern for free...
obviously if there was an offer at the end of the line, then great. in my four cases, there were hiring freezes/at capacity.
which is why i hate boutiques. im sure ill prefer the boutique lifestyle..if i could get in.
I find it hard to believe
I find it hard to believe that the dozen bankers you met with had nothing better to do with their time than meet with you (and your competition) if they weren't serious about hiring someone.
yes.
Boutique firms are not necessarily bad places. a lot of them offer close to the same money, better hours, better mentorship from senior bankers. brand name always hurts when recruiting for PE, but can be overcome. not the worst option even in best times my friend.
i would even argue this is an understatement. and even solely brand-name wise, i'd rather take evercore, greenhill, and blackstone over most of the BBs these days, anyways. and the points regarding hours, mentorship, pay, etc. do hold true, as well.
plus, you're not just a cog in the machine. or at least, less so. :)
?
Like ghosht says, close to same pay, better hours, better exposure to clients, and a full understanding of the deals (from building models from scratch and being involved in the whole process).
Is that how you've rationalized it? You don't think analysts at BBs can build a model from scratch and be involved in the whole process? First of all, whoop de fucking do. Secondly, are you kidding?
Then again, how would you know? You're at a boutique (insert small firm name that you've uncharacteristically decided to call a 'boutique')
RE:?
Like ghosht says, close to same pay, better hours, better exposure to clients, and a full understanding of the deals (from building models from scratch and being involved in the whole process).
Is that how you've rationalized it? You don't think analysts at BBs can build a model from scratch and be involved in the whole process? First of all, whoop de fucking do. Secondly, are you kidding?
Then again, how would you know? You're at a boutique (insert small firm name that you've uncharacteristically decided to call a 'boutique')
You're right, I don't know what it's like at a BB, but my friends in BB's tell me they are unhappy about the hours and don't get too involved with deals and I used that as my basis for my comments. I guess nothing will stop a good analyst from getting quality work wherever he is
well..believe it.
I find it hard to believe that the dozen bankers you met with had nothing better to do with their time than meet with you (and your competition) if they weren't serious about hiring someone.
well..believe it.
they are "at capacity." some senior bankers i know tell me that some firms are just out there to see if there is anyone out there worth paying 60K a year for.
but majority of the core analyst work(pitchbooks & comps) is pretty much done by interns and capitaliq.
so if they can get an intern for free rather than paying 60K a year + bonus for an analyst, they'll do that. as far modeling goes, usually their associates take care of that. since boutiques don't pitch as much, they don't really have a need for analysts.
so i'm unsure as to why certain boutiques even bother posting something on their website and arrange a set of interviews that range for 1-3 months and then give you nothing in the end.