Boutique IB vs Tier 2 Consulting
Hi All,
I have been working at a big 4 consulting firm in the FDD deal practice. I have secured an offer at a boutique IB shop which has a pretty good reputation in the field they specialize in (FIG). The Bank also has a decent consulting practice which I would be a generalist between the two. I already have a series 7 and 66 so I do have to take my 79. I was wondering if I could have some fellow monkeys prospectives on exit ops from a small boutique IB shop. I have an MBA and I did a PE internship during grad school.
Other relevant details:
IB shop is outside of NYC but about a 40 ish minute ride away from NYC (it doesn’t bother me not being in NYC) Consulting firm I’m at now is in NYC Consulting firm has a rotation I’m currently doing that would allow me to switch to strategy but the placement is not guaranteed.
Sorry for the weird looking format. The app didn't post the same way it looked when I wrote it
What did you do pre-mba? If you want to do banking it could be a good opportunity to get your foot in the door. On the flip side, you could also keep networking and try to get into a more reputable shop in NYC if that's of interest.
IMO, It seems like you're interested in PE via the MBA internship so idk if it's really worth it to be in Big 4 unless you're in Parthenon, Strategy &, etc. How long have you bene in FDD?
Thanks for the response! Pre MBA I did PWM at a major firm used the MBA to pivot into something else. Deal advisory was the closest I got to banking been there about a year and just hate the accounting side of it. Building ar aging and digging through trial balances wasn’t really what it was sold as
How long have you been there?
Just under a year at this point
I think you have spent enough time in consulting to speak intelligently about it. I'd network to get into NYC / more reputable bank. You have the skillset, just gotta find the opportunity!
Hey Miles. How did you find the boutique IB firm? Also have they closed any decent deals lately? I think staying at KPMG and rotating into strategy may not be the best bet compared to a decent IB shop.
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