Asset Management or Investment Banking @ Boutique

Hello,

I am currently working at an asset manager as an analyst and recently received an offer at an IB Boutique. The Boutique offer is in a different city and I am debating if I should take the offer. My end goal is Private Equity. Recent graduate FYI.


Here are the details on the two roles.

  •  Asset Manager: 
    • Pay: ~70K base, 5-10% Bonus
    • Location: Low/Mid COL City
    • Hours: 40hs/week
    • Company: Great culture and benefits + job security, well known in certain circles, large AUM base; Lower pay progression and less room for promotion
    • Role: Top down oriented but firm is expanding into PE and Credit (using external managers); Financial Analysis more macro and not relevant to PE
  • Boutique:
    • Pay: ~75k base, 20-25k Est. Bonus Floor
    • Location: High COL City
    • Hours: ~60hrs+ on average
    • Company: Great benefits, unknown for IB however it is under a public company (relatively known asset manager); Structured pay progression w/ increased bonus %
    • Role: Typical IB; Possible exit to PE but more likely a bigger IB shop
 

Fugiat qui voluptatem iure. Et dolores cum asperiores sunt ut optio tempora. Debitis reprehenderit tempore illo sed eveniet nihil.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.8%
  • Goldman Sachs 18 98.3%
  • Harris Williams & Co. New 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
kanon's picture
kanon
98.9
8
dosk17's picture
dosk17
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”