Boutiques taking over from the banks?
Just came across this article of Reuters (http://www.reuters.com/article/boutique-banks-eur…)
It shows that Boutiques earned nearly half of all the M&A fees in Europe YTD. I knew that boutiques where inreasing their market share, but did not expect it to be this big. Especially since the calculation leaves out some huge fees that from deals that are still pending (e.g. Lazard and the SABMiller deal).
Do you guys think that in the (near) future GS, JPM or MS will be pushed of their throne as of biggest M&A advisor by a boutique?
I ask, first of all because I am genuinely interested, but second because the SA application season is coming. I was actually only considering BB as I thought, with a return offer, you get the best training and exposure at the BB. Now that I see how big Boutiques are becoming I am considering them as well. Anybody any insight or helpfull opinion if I should stick with BB for my intern/analyst years or if Boutiques are a good option as well?
Thx!