Quality of Training Program at a Boutique

Question

I was wondering what I should expect in terms of the quality of the training program at a boutique. From conversations with the team, it doesn't seem like they have a comprehensive training program that BBs and MMs offer. This clearly depends on the firm, but can anyone provide insights into their boutique training experience?

pineapplechipmunk · Accepted Answer

I interned at a small boutique and was an analyst at another small boutique, so to answer your question it depends. During my internship we had dedicated training time across the summer with weekly sessions where me and a couple of other interns spent a few hours building a three statement model of a publicly traded company we chose with one of the associates. We went over basics of a three statement model, common excel shortcuts, and eventually also created a DCF. At a certain point incoming analysts joined the team and went through similar training as well.

Wu_Tang Financial · Answer

I think it depends what boutique and if you are talking EB vs no name vs semi known regional.

Training at an EB I would assume is the exact same as a BB or MM, semi known regional (Marlin and Associates, BGL, etc.) would vary a little more but I would expect them to be solid as well, and a no name you could have zero training or the same resources as a BB or MM. Some no names don't model at all (or so I have seen on this site) and you'd be subject to learning on your own.

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Quality of Training Program at a Boutique

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Quality of Training Program at a Boutique

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