how fucked are boutique banks and am I screwed
signed an offer this coming summer starting at a specialized boutique only doing M&A advisory. given M&A deal flow will probably dry up, I was wondering how fucked I am for getting layed off / having a shitty analyst experience. on a macro note, am I generally just fucked by going to a boutique that ONLY ADOES M&A? No RX group, obvi no balance sheet to finance debt, etc.
depends on industries covered
Do you think if the bank was HC M&A it’d be alright?
cain?
What benefit do you get from revealing the identity of OP’s bank? If you can’t contribute and answer his question, just don’t comment
This for SA or FT? Does bank have other departments in other locations? Maybe you can inquire about transfer to those departments/locations.
FT
Tech & Healthcare boutiques will prob be fine.
M&A will be nonexistant for most of the year, so this will depend on industry and ultimately the finances of the business. With no cap markets and no RX (which are the only groups that will make money in the foreseeable future) you might encounter some rough patches. I hope it will be alright for you, but I would suggest you look into some smaller RX shops bc they have listings up now- also look into cap markets because they are also hiring as firms will be lining up for a chance at some liquidity until this whole thing blows over
I signed a FT offer last year for a boutique M&A firm and they rescinded their offer last week.
Which firm?
Yeah can you fill us in on what kind of industry and city
Healthcare in NYC
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