Boutique M&A hours, comp, exit opps
Anyone have insight into the hours, comp, and/or exit opps for Brown Gibbons Lang? If you have info on comparable firms, that would help too.
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Analyst or Associate?
BGL base/bonus is below street, while the hours are on par with other banks (i.e. not the best combo!).
hours = on par with street, pay = below street, exit opps = nothing in the buyside. ouch
thanks for the feedback
Job decisions are definitely relative! So based on the above info, I'd opt for BGL. Just know what you're getting yourself into before hand.
agree w heath ledger
M&A boutique day-to-day (Originally Posted: 04/16/2013)
For those of you that have worked at very small, like ~5 people M&A boutiques. How much time would you spend daily/weekly modeling?
Im working at an M&A boutique this summer (pre-mba) internship, but it doesnt sound like im going to be doing a lot of modeling on excel. Is this common? Can an internship still be significantly beneficial if very little modeling is involved?
I'm doing an internship at a similarly tiny boutique, albeit at the UG level. I have done a fair deal of modeling, but it isn't like other work I've done (in consulting, where I spent about 1/3 of the day in excel and the other 2/3 in powerpoint). I do get models from bulge bracket firms to work with and I do have to do some model development from time to time. I don't work much though, which I don't like; I'd say that overall 2/3 of my time is spent working on models. I think that business sourcing and client interaction is much, much more important at smaller firms.
Hope a more experienced monkey comes along with pro advice.
At smaller boutiques, analysts will build operating models and waterfalls, but assuming that their deals are usually $100MM you'll do almost no DCF and definitely not any LBO modeling.
Since this is an internship, any modeling they'll be doing will go straight to the analyst since they can't waste their time giving it to you. There probably will not be any structure to your internship due to the size of their office so you'll probably be doing a lot of industry research, PIBS, and reformatting slides.
Quite honestly during your internship use every free moment you have to work toward moving up. By this I mean send out networking emails, get on the phone with bankers during lunch, meet up with bankers for coffee, and work through old models on the drive so you have something interesting to spin on your resume. By having "Summer Analyst" on your resume you'll get looks and probably a foot in the door, but after that, getting past the first round and securing an offer comes down to how well you can spin your experience.
cik11, ill be using this internship to hopefully get a BB internship next summer (im class of 2015). Can you comment on how much of a difference having a previous investment banking internship has on future internship recruiting? Will it only put me at an advantage if I get significant experience/training this summer?
.
My boutique IB internship consisted of a lot of research and email correspondence with clients. I think I put together 2 projection models the whole summer and we had about 3 deals going on. Basically, it varies from shop to shop, just ask to be involved with the analyst/whoever when they put together the models.
At a 5 person shop how much modeling you do is simply a function of how much you ask to do. Get yourself involved and find someone willing to mentor you a bit.
This. Start with the little stuff and kill it and progressively move up towards more important tasks until they trust you enough to handle parts of the model.
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