Is a 10-man energy boutique that averages about 8 deals a year any good? What I'm trying to understand is the dealflow aspect of it. I know that 8 isn't much but with a 10 man team, that seems sufficient or am I wrong? Oh yeah...they've been around for about 15 years in one of the two major energy cities in America.
Any help would be appreciated. Thanks.
C'mon guys! some help would be nice!
hi pacman007, I work in an energy boutique right now and that number seems about right. depends on the team profile- where did the ceo and senior staff go to school? which firms did they work at before? and what kind of deals have the principals worked on in the past? In terms of learning opportunities, the team profile is very important as these are the people who will be training you. Proximity/being based in a major city helps a lot in terms of gaining additional visibility and exposure within the industry, especially in one such as energy which is very heavily concentrated by a handful of firms. 8 solid deals a year is a good number.
Out of the 10 bankers, 5 have a petroleum engineering background. This firm is joined at the hip with a PE firm, so I think I will be able to get good exposure. I'm not coming out of undergrad or anything, I currently work for a fortune 5 oil company in corp finance. I want to make a jump into banking (and PE down the line) so I'm thinking about making the move to this boutique.
If you don't mind me asking, how's the compensation like at a boutique? Right now I make a pretty good salary (considering I graduated from a non-target in Dec of 2010) but the bonus is trash. I'm not making the move to banking solely for the money but it is still very important for me if I were to take the leap..
Thanks.
If you want to jump to banking, moving to a boutique is a good move than staying in your current industry job. The other option is to go to business school. Since you're still not even a year into your current job, you can make a jump easier, I believe. 3-5 years down the road, the MBA is a more attractive option.
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