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If it's less than 70hrs/week you don't have enough dealflow or your bosses are too complacent (i.e. rich and disinterested in working too hard) to pitch deals. I work at a boutique so I'm not making this up.

 

what about a boutique that specializes in restructurring? Would there be enough dealflow to work 70 hours as an intern?

 

Hours are probably marginally less per week, but the fact remains that your lifestyle is exactly the same at BBs, e.g. there is always the possibility of losing your entire weekend to a last-minute pitch.

 

From what I've heard...

Greenhill tends to have somewhat better hours than the BBs.

Lazard and Blackstone have hours as bad as the BBs.

Although, I believe you have more flexibility at a boutique than a BB since the deal teams are smaller. So, if you'd rather work 10am-1am Sunday instead of 10am-5pm both Saturday and Sunday, you can do this at a boutique but not at a BB, since at a BB you'll be accountable to so many different people (associates, VPs, etc.) and you'll have more step by step deadlines (versus end product deadlines at boutiques).

Anyway, this is just what I've heard. You'll end up with largely similar hours at a boutique versus a BB, but will have more flexibility in scheduling your hours at a boutique.

 
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