no hate...just stating...I don't understand why more people don't strive for boutiques--better long term pay (granted it's stable), better hours, more hands on work
People do BB for the name so they can jump into PE...I personally, as well as many people that I know who are Wharton graduates going into IB turned down BB to head to boutiques because they want to make a career out of IB
edit: I am not saying this to attack people---by all means strive for your dreams, but you don't have to work for a BB to become a successful investment banker
The reason for the BB focus is simple, look at where most MDs who founded elite boutiques come from. Moelis was UBS LA, Gleacher was MS, the list goes on. BBs offer excellent training, good exposure to deals and lots of networking. If you want to do IB for life, going to a BB first makes a lot more sense.
That is a great point
^ What he said, and I think because many people on this forum don't plan on staying in Ibanking for long and want big names on their resume to make the jump to HF/PE/VC/Corp and all. I dont think anyone outside of this forum or target school students know what, Evercore, Moelis, Greenhill are.
This forum consists mainly of college students.
Some serious bullshit in this thread.
If you want to stay in IBD(god knows why, if you have this desire you may want to check into a mental asylum now), then boutiques are vastly superior.
If you want to keep your options as wide as possible, including jobs far away from finance, brand name of BB will be superior.
forum sentiment also changes quickly over time, at some points elite boutiques were treated as the hottest shit, moelis at its founding point was traded as better than goldman, then it got totally trashed on these forums placed somewhere below jefferies, now it seems to float somewhere in between lol.
this.
Getting into an elite boutique can be significantly harder than getting into a BB. Their classes are a lot smaller while the applicants is roughly the same, and theres a lot less room for error. In BB you can always be a little rough around the edges and squeak through the interview process.
Always thought elite boutiques are harder than BB (in my experience they def. are).
I'd take Greenhill over MS anyday personally.
Before I came on this forum, Lazard, Jeffries and Rothschild were the only smaller banks I'd ever heard of.
BB is the pinnacle of investment banking, not to say Lazard or Evercore is not equal or even superior, or the experience in the middle market is not as important. To echo what was said before, BB names on resumes and top groups for that matter are essential in recruiting, b-school placement, etc. Having a BB name on your resume is a stamp of approval that you have trained, worked in and represented a world class institution before.
Look what UFO said above, most people are unaware of names other than GS/MS, etc.
It's like having a choice to be a coffee runner at a top law firm or getting valuable hands-on experience at your dad's local firm. Sure you might get more experience at your dad's firm but frankly no one gives a shit because they have no idea who that firm is. Unfortunately most people in finance are prestige whores and you're worthless to them unless you have top name-brand experience
that is an apples to oranges comparison. by no means should you take GS ops over small ibd bc of goldman name...horrible idea and totally unrelated
Wasn't really talking about ops, don't know where everyone got that from. I was exaggerating the coffee running part, obviously you would take the valuable experience. My point was people love name-brands because they're trustworthy. I can see how you took it the other way, my bad.
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