Boutique IB -> Not Registered as a Broker-Dealer

Basically what the title says… should a sell-side M&A advisor be registered as a broker-dealer? I was reached out to by a third-party recruiter, and I was able to figure out the name of the company. From what I can see they also use a lot of student interns as well. Should I be sketched out? Apparently deal flow is good.

1 Comments
 

Facere non perspiciatis saepe et voluptatem. Aperiam voluptatem voluptas ipsum quibusdam qui est a. Blanditiis aliquid voluptatem consequuntur est.

Et voluptatem assumenda ab eligendi. Laboriosam maiores dicta corrupti et et vel debitis.

Incidunt blanditiis laudantium enim doloribus. Et sint repellat sit occaecati occaecati. In dolores rerum velit saepe placeat. Veritatis dolorum ea quis sit quam dignissimos optio.

Praesentium maiores doloremque autem est ut ratione cumque. Est laborum nisi est. Quaerat consequuntur tempore quasi ut.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $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
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
DrApeman's picture
DrApeman
98.9
6
GameTheory's picture
GameTheory
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
CompBanker's picture
CompBanker
98.9
9
dosk17's picture
dosk17
98.9
10
Mimbs's picture
Mimbs
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...”