Need Help Comparing SA Offers: Raine Group, HL Corporate Finance SF, DBO Partners, Union Square Advisors

Thoughts on these boutiques? What are the reputations of these firms? Also want to know about deal flow, people, pay, and exit opps.

78 Comments
 
Most Helpful

Agree that Raine does some cool work in the media/entertainment space. Problem is I'm not particularly interested in those spaces. I guess that's why I'm having trouble decide.

Update: I ended up taking HL. Considering the uncertainty in the economy right now, I felt better signing with a bigger firm. Thanks for all the inputs!

Clarification: I'm adding this now since I see many comments about me taking the "wrong" offer. I should've been clearer: I didn't receive offers from all 4 firms. I was deep in the process with them and received offers from some. Given the tight window for exploding offers, I wanted to make a post (in advance) about me hypothetically receiving offers from all four. I was fortunate enough to receive offers from some but not all. Sorry for any confusion.

 

Raine (if you're interested in media) > USA=DBO > Houlihan.

If you're not interested in media, then go with USA or DBO based on culture. While people who don't understand the TMT/SF space in particular would be inclined to point you towards Houlihan, I can assure you that it is the weakest of the options despite being the largest "national brand."

 

Thx this is helpful. I know HL's restructuring group is strong, but I've also heard that HL TMT SF isn't that great.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
dosk17's picture
dosk17
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
DrApeman's picture
DrApeman
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”