Both great shops with direct access to some of the best in the industry and massive deals. I interviewed with M. Klein and have a friend working there. They pay above market and seem to have great exits for those who don’t stay around. Not sure about Ducera but would be curious. M. Klein just raised one of the biggest SPACs ever which could add a buy side element to the analyst experience. Also, just looking the junior bankers, M. Klein seems to care much more about pedigree and target schools as their analysts almost always come from Ross, Wharton, Harvard, U Chicago, or Stanford whereas Ducera has analysts from IU, Emory, etc.

 

I know some strong candidates who took offers from these smaller boutiques because of how staggered the recruitment process is. If you get an offer from one of these firms with great comp, deal flow, and partners, it's hard to turn it down even if you know you could wait a bit and try for BBs/EBs.

 
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Well, Ducera, M. Klein, DBO Partners, and Robey Warshaw are all solid shops. They have rainmakers from the biggest banks at the top, and these guys brought over impressive clients and colleagues with them.

Analysts at these “mini-EBs” are paid well-above street, staffed on reputable deals, work with a lean team of smart people, and get crazy exposure to partners and MDs who used to head practices at BBs and EBs. I would be willing to sacrifice the larger name of MMs and mid-tier BBs for a significantly more comprehensive banking experience at these “mini-EBs”. I know people who left MMs/mid-tier BBs having gained very minimal experience (spreading comps, pitching, etc.) At these “mini-EBs,” partners often just grab an analyst to work on a deal. You also get to interact with clients rather than just being in the background. I find the overall experience appealing.

 

lol how are they even comparable, completely different focuses

 

As mentioned above, these firms typically hire only from target schools. You can see on their websites/LinkedIn that most analysts are from the same few schools like Wharton, Harvard, UChicago, Stanford, Cal, etc. I would suggest, networking really hard for these firms if you are from a semi-target and want a chance.

 

I attend one of these schools. Based on what I know from friends that have recruited for M. Klein/work there now, the firm has quotas of how many kids they will take from each school to fill their normal class. I would imagine that if you're from a non-target, you'd have to position yourself extremely well to be an exception to how they currently run their recruiting processes.

 

Curious to how the interviews fared? have also heard that ducera interviews are quite technical, so interesting to see them at many non-targets

 

I didn’t know they interview at so many non-targets, but in retrospect, it might be part of their strategy: to find a few gems in places no one else is really looking.

 

I think they care about pedigree they're just not snooty about target schools and look for the best person overall.

 

also have interns from penn state and villanova this summer

 

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