Burn Bridge for Micro-Boutique?? HELP
Hi everyone,
I need some serious advice.
I just got an offer to work at a micro boutique firm yesterday. I recently, however, just moved to NY to do valuations at a MM firm because I couldn't find a banking job. I looked for a whole year and just gave up after a lot of hard work, and this opportunity presented itself through networking. I am not sure what to do, since I haven't even been in this job for 5 months yet, I would have to move back to my hometown, and NY has much bigger and better banks. The micro boutique has pretty good deal flow but the sizes are pretty small (20MM - 70MM) is the sweet spot. Also, if I was to give this offer up, who knows if I would have the opportunity again. After all, I have been looking for a whole year. What would you guys do???
bump. anyone?
Need more info. "Valuations work at a MM firm" is particularly vague. Sounds a lot like banking to me.
What I can tell you at this point is that the small size of the boutique's deals is not a very relevant point. What's most important by far is getting appropriate banking experience (you didn't state your long term goals but I'm assuming given your dedication that your path requires IB-like experience).
I think being in NYC near the "bigger and better" banks is a marginal point. IB is IB for the most part. If the boutique role is a proper IB role, meaning you're doing all the usual stuff (modeling, reading statements etc), then it is valuable experience that even the bigger/better banks will respect.
If this "MM valuations work" is something really close to IB, then you've got a tough call. Because then it's IB in a smaller firm/city vs. quasi-IB in NYC.
But if the job you're in now isn't that close to IB, then I don't think geographic proximity to Wall Street is that big a factor.
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