I was reading about boutique investment banks and their differences from bulge bracket ones. I read that while bulge bracket banks often do stuff like debt & equity capital markets and leveraged finance etc..., boutique ones often don't offer these services and usually do stuff like M&A and Restructuring. I am wondering, why is this?
| +231 | Who Killed Wall Street | 65 | 2d |
| +194 | Worlds Worst MDs Competition (2026 Edition) | 43 | 16m |
| +167 | As Lehman people reconvene at UBS, Barclays needs to hire (2023) | 23 | 6d |
| +132 | Only Indians cold emailing | 44 | 7h |
| +125 | Lindsay Clancy - Thoughts from A2 | 22 | 3d |
| +69 | UBS Healthcare | 32 | 12m |
| +50 | Shana tova - happy new year | 6 | 8h |
| +48 | NYC Wall Street Run Club | 13 | 5h |
| +43 | EB (EVR/CVP/LAZ) vs MBB (Bain/BCG) | 21 | 2d |
| +41 | More diversity needed in the industry | 11 | 15h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Boutiques don't have a balance sheet
What does this mean? Commonly thrown around on WSO but u don’t understand it
"iNtErN iN iB - InD"
Incoming SA 2021, douchebag.
It means they don't lend money. Bulges do, so when a restructuring process is underway, they are often at a conflict of interest bc they want to get paid back. That's why boutiques are go to for Rx (restructuring).
Good for ya and all but kinda depressing that I'm out here grinding for an offer and you don't know what that means...
https://www.wallstreetoasis.com/forums/what-is-a-balance-sheet-bank
Ya for ECM and DCM, the BBs will raise funds for an IPO off of their own balance sheet and then syndicate it among investor groups and keep what hasnt been sold. Boutiques obviously dont have the financial capability to hold onto billions of dollars of shares. Same concept applies to debt underwriting
Dolores non numquam ex quisquam atque quia suscipit modi. Enim sequi magni omnis recusandae similique cum cum.
Sunt excepturi officia molestiae placeat. Quia officiis expedita laboriosam similique id ad ea. Voluptatem ab perspiciatis minus. Consectetur adipisci mollitia est saepe eum id.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...