Nervous at boutique?
I work at a prestigious boutique (think lazard, greenhill, evercore). although people say that i am set and should not be worried about my job, given the current market conditions. however, i wanted to hear what you guys thought about this subject and what i should be nervous about. thanks a lot.
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WSO Employment Rate: for those of you searching for a job, have you received an offer yet?
Yes
52%
No
48%
Total votes: 105
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I'd give my left nut to turn
In this market, I'd give my left nut to turn my BB offer into an upper-tier boutique...
Boutiques
The only thing to worry about at a boutique is just the slowing of M&A activity. It's slow across the board though. Given that the boutiques have no exposure to toxic assets and have done well this past year, Evercore and Greenhill are actually EXPANDING their analyst classes. Both are also continuing to hire new MDs.
I think you're in a good spot
There is definitely reason to worry about M&A work tapering down, but a few things:
1) there will be alot of restructuring work to do; very good for places like Lazard, HL, Rothschild, etc.
2) great MDs are being poached from BBs, this can't hurt anyone, the pie that is out there for M&A/other advisory work will be taken in by boutiques as a result
3) the brand equity of boutiques is relatively unaffected by this mess, all things considered; this is not true of ANY BB right now, the fact of the matter is that whichever BB you might currently work at, all of them as a whole are not looked upon favorably at the moment
Just my 2 cents.
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