15 Comments
 

Based on previous WSO threads, here are some insights regarding compensation, culture, and deal flow at boutique investment banks in Toronto, which may include firms like Origin Merchant Partners:

Compensation:

  • Base Salary and Bonus:
    • Many smaller boutiques, including those like Osprey Capital, FirePower Capital, and Valitas Capital Partners, often have lower base salaries compared to larger firms.
    • Bonuses are typically dependent on deal flow. If a deal closes, employees receive a bonus check after payment is received.
    • Some boutiques do not pay their interns or junior analysts.

Culture:

  • Work Environment:
    • The culture at these firms can vary, but generally, smaller boutiques may offer a more intimate and hands-on experience.
    • The work environment can be heavily influenced by deal flow, with potentially high pressure during active deal periods.

Deal Flow:

  • Deal Activity:
    • Deal flow at smaller boutiques can be inconsistent, which directly impacts compensation.
    • The reputation and caliber of managing directors (MDs) can significantly influence the volume and quality of deals.

Additional Insights:

  • Exit Opportunities:
    • Working at a boutique can provide valuable experience and potentially good exit opportunities, though this can vary widely depending on the firm's reputation and the individual's performance.

For more specific information about Origin Merchant Partners, it might be helpful to connect with current or former employees or look for recent discussions on forums like Wall Street Oasis.

Sources: Toronto - Boutique Investment Banking Compensation, Toronto Elite Boutique Landscape, Canadian Boutiques: Compensation, "Walk me through a deal" for consultants, Citi LatAm Group - IB

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Have no info on them to help, but just adding im surprised at how many interns they take, saw a linkedin post and there was like 5 i think

 

They typically take a descent amount of interns year round and I believe there is a certain level of nepotism as well which isn’t rare for IB just saying how it is.

 

Heard (very) good WLB, I'd imagine that comes with a decent haircut on comp but don't have numbers. Dealflow wise they post all their transactions on their website, looks like a bit weak this year but was solid enough 2021 to 2023

 
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My understanding is summer is very nepo (maybe even fully), but fall and winter tend to be more fairly competitive, which I think is why a decent number of current analysts did fall/winter internships first.

 

Origin Merchant Partners has a minority stake in Delilah’s.

We hire some of the big spenders to incentivize them to spend more. One happens to be Bill Vlaads son.

Nothing more nothing less, business is business. IB can be taught, so we hire who we feel like.

BANG

 

I heard Origin is currently being fielded as an advisor on a multi-billion dollar 3-way consolidation deal of the London, Ontario bar market (Delilah's, Ceeps and Jack's merger). 

From my understanding, this hiring decision was a strategic move to obtain insider knowledge on the bottle service and first-year underage entry revenue models of the aforementioned bars. 

Can anyone confirm or deny these findings?

 

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