Hello Monkeys - Have you heard stories of junior bankers earning more at a Boutique Bank (not EB or top MM firms) vs BB/EB/MM? I’ve heard some boutique banks will make a lot less, but I’ve heard boutique (ex. Incentrum) earn a lot more.
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Based on the most helpful WSO content, it's true that compensation can vary widely between boutique banks and larger institutions like BB/EB/MM firms. While some boutique banks may offer less, others, particularly those with a strong deal flow and reputation, may indeed offer higher compensation packages.
However, it's important to note that compensation is just one factor to consider. Other factors such as deal exposure, training, and career progression opportunities can also significantly impact your overall experience and long-term career trajectory. For instance, some boutique banks may offer more hands-on experience and direct exposure to deals, which can be a valuable learning opportunity.
In the end, it's crucial to do your research and consider all these factors when deciding between different firms. Remember, the highest paying job isn't always the best fit for everyone.
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