no-name boutique
Is it worth to take a part-time internship during the semester in at a local no-name boutique as a sophomore?
Is it worth to take a part-time internship during the semester in at a local no-name boutique as a sophomore?
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Uh, why wouldn't it be? What's your alternative?
No alternative...but it is really time consuming and therefore might hurt my GPA/other responsibilities...
Absolutely not. That is by far the most retarded thing I've ever heard someone ask on WSO. Now, do everyone a favor and go back to jerking off on the toilet while reading Damn It Feels Good to be a Banker.
if you are just filing and getting coffee then no, but if you are going to be learning, reduce your class load and work part time...it will be worth it. Though of course, if it is unpaid, that makes it a tougher decision. Find out if you will be doing any relevant work
Don't listen to this ... getting exposure to the business world and just being in an office environment is invaluable experience in the early years of college. You will also learn some great time management skills... your GPA won't suffer unless you allow it to, and the first step to preventing it from falling is to NOT simply assume it will fall just because you will have more responsibilities outside of class.
If you're reliable, have a good attitude, and willing to help out any way you can (i.e. not thinking your above doing grunt work or getting coffee) then it will be worth it.
Definitely take the internship, it will set you up very nicely for SA recruiting during your junior year. If i were screening resumes I would take the kid with a 3.5 with IB experience over a 3.7 with PWM experience any day.
No-Name Boutique.. Better than Nothing? (Originally Posted: 05/29/2012)
I have accepted an offer at a very small boutique investment bank. For a few reasons I had no other offers and I don't have any finance internships under my belt. The position is unpaid and will cost a bit considering I have to commute. My question is basic and maybe a bit silly but, is this better than nothing? I have a feeling I should learn a bit and make a few contacts so I was hoping this would justify taking the gig.
Are you kidding me? Anything finance related is better than nothing.
Well what wouldn't justify the job? The only thing I think you are hesitant about is the cost of commuting for an unpaid job. If that is the case, the job is still worth it. Think about it as a thousand dollar investment to increase your odds of a six figure job outta college.
Try to get a job on the weekends to help cover your costs. Definitely worth it though; if I can give any advice as a recent graduate, any experience/internships puts you miles ahead of your competition.
Of course it's better than nothing. The experience will pay you back in the long-term, assuming you make the most of it.
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Thanks for the input everyone. I know it sounds ridiculous but you hear so much about the BB and MM and that everything below that is garbage. I guess I was just hoping for a more prestigious shop. I have a bit of money saved so it should get me through the summer for commuting.
I did a lot of last minute cold-calling and cold-emailing to get the gig. Strangely enough, and something that was a little off-putting, was that the interview had no technicals and I was more or less offered the position on the spot. Not sure if that was because it was very last minute and they needed an extra intern. Is this common? I asked about what I might be doing and cold-calling never came up so I hope that is a good sign.
bump
You didn't give any other details. But say you are in the Midwest or great plains where almost all M&A firms are "no=name"..absolutely. Yes you'll work on little deals, maybe $10M to $25M M&A assignments, but the # makes no difference. Process is more or less the same if the deals were $100M to $250M or more. Key is you'll learn the lingo ("pitchbook" "bakeoff" "deals comps" etc.). When you graduate that will absolutely be worth while. The GPA is not that big a deal...only the Goldman's really scrutinize GPA. To the rest: it's not grad school, it's a company. And if you learned the basics on someone else's dime and can hit the ground running (so long as it's not a firm with an unsavory reputation, so just look up their NASD broker dealer record) but barring that say 5% of firms, absolutely is my answer do it.
No-name boutique internship for an MBA student (Originally Posted: 11/04/2014)
I'm a 2nd year at a top 10 MBA who did a F500 corp strat internship this summer. Realized I wanted to do banking however didn't have much luck with FT recruiting this Fall. Was just offered an opportunity to join a local boutique for a 10 week internship. The boutique is not well known but it's a leader in its niche. It has 20+ bankers and according to CapIQ has done tons of M&A deals in the $25-$200M range.
Obviously I'm very lucky to have this opportunity, but I was wondering whether there is still a way for me to recruit for MM or BB firms next spring after I finish the internship?
Thanks for the advice.
Bump for some advice.
Advice about No Name Boutique Position (Originally Posted: 03/02/2013)
Debating between a tiny boutique equity research film in a small market and a fortune 250 FLDP. I think that equity research may be more likely to be something I enjoy or lead to a job that I enjoy. But I do have some concerns, mainly I am worried that I will have zero exit ops from this and find myself completely stuck in this role.
At least with the FLDP I can be assured I have a solid chance of a decent MBA to remake my career if necessary.
The research firm has 10-15 employees and operates in a pretty niche sector.
Thoughts? Any advice at all would be much appreciated.
I feel like I should add that these are internship positions although both will likely give full-time offers at the end of the internship. So I will have some flexibility come FT recruiting season.
I strongly suggest the FLDP ... a highly structured rotational program that provides you with exposure to different areas of a large corporation's finance and accounting department is a great opportunity and is a solid first job to start your career.
Thanks for your response I really appreciate it.
What to take away from no-name boutique internship? (Originally Posted: 06/25/2008)
I'm a rising junior at a target and am interning at a no-name, M&A boutique, hoping to land an SA BB stint (IBD) next summer. My question is, what will interviewers be expecting that I take away from this internship? On the whole it's been an extremely didactic experience and I've learned quite a lot in a short span of time. Despite this, I'm not doing any quantitative analysis; i.e, no modeling, valuation, etc. Will BBs be expecting a level of technical know-how coming from an IBD internship? Thanks.
I am in the exact situation. Try your best to get those experience, because I doubt that other experience matters.
on the type of work that you guys are doing? is it mostly research? What city? I think, When applying from a boutique, considering the lack of training structure, most bankers will just ask you about your experience and what it is that you did.
Last summer, I worked at a no name boutique. I was persistant in asking for more technical work. After many times of asking, and after demonstrating my capabilities, I was given more quantitative type work. Just note, that it is rare to begin modeling as an SA, as it takes time to learn. My advice, be persistant, work hard, and learn as much as you can so you can ask intelligent questions. Use this experience to your advantage.
Goodluck!
on the type of work that you guys are doing? is it mostly research? What city? I think, When applying from a boutique, considering the lack of training structure, most bankers will just ask you about your experience and what it is that you did.
Last summer, I worked at a no name boutique. I was persistant in asking for more technical work. After many times of asking, and after demonstrating my capabilities, I was given more quantitative type work. Just note, that it is rare to begin modeling as an SA, as it takes time to learn. My advice, be persistant, work hard, and learn as much as you can so you can ask intelligent questions. Use this experience to your advantage.
Goodluck!
Graduating with no big name internship (Originally Posted: 04/20/2015)
Hi guys,
I'm graduating this year with one internship on my CV from a no-name boutique where I worked in an equity research role. Aside from this I don't have any other experience - I started an investment club where we used really basic DCF models at university but that's pretty much it. Having read Rosenbaum I'm pretty good on valuation techniques and the concepts in IB, but obviously I don't have any experience.
Does anyone have any advice on what I should do? Should I give the IB dream forever?
network your way to get there
Is this internship worth it? Super-small no name PE? (Originally Posted: 07/17/2014)
I'm a rising junior with one previous boutique IB Internship looking to set myself up well for SA recruiting next year.
I recently interviewed at a small 2-man PE shop. They are looking for an unpaid intern and some of the roles they described to me were some modeling (but not sure how much), and a lot of reading of reports and going through documents etc and I guess the other typical PE roles. They currently have not closed at any deals since opening in 2013. Is it worth taking up this opportunity or am I selling myself short?
Thanks to all input.
Do you have any other offers on the table? That offer sounds a lot better than no offer, that's for sure.
I did an unpaid internship last year and all I have to say is, "What a waste of time!" they aren't investing in you, so you pretty much won't do anything relevant at all. I'm glad I found a paid one a few weeks later.
It's July. If that's all you've got on the table, take it.
Selling yourself short? Really? For a sophmore that doesnt appear to have an internship in late July, you should take pretty much whatever you can get. This opportunity sounds fantastic for a sophmore, and especially anybody in your situation. Not sure why you think your "above" this internship, but it sure as hell beats sitting around all summer before going into recruiting.
If nothing else is there, take this one. It will add good value on your resume. Best of luck.
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