Slightly over a year in at non-elite botique
Hi all - this is a follow up to my original post here: https://www.wallstreetoasis.com/forum/investment-…
So, I'm a little over a year into my analyst stint at a non-elite botique. It's has its ups and downs for sure. Please read my first post because the below is based on that. This probably isnt super insightful but figured i should share an update as my other post gained some traction:
Lifestyle is about the same. I probably work a little longer hours now that I'm more fully ramped and I could def do more to really expand my role on the BD side which is well compensated at my bank. But still getting mostly 60-70 hour weeks
Comp my first year come in probably 120k, we had a very strong pipeline that happened to have some big deals die in crazy ways. My estimated comp as a sr analyst is probably 200k (expecting promotion this winter). Unfortunate, but dead deals are part of the job. My top bucket friend at a BB made 195k his first year.
Culture is still good and I still enjoy the botique feel
I've been able to interview with a few PEs just to test the waters, I'm not personally sold on the buyside (happy to walk thru why if people are curious) but the interviews i got were industry specific in tier 3 cities with middle market funds. Didnt really kill the interview but was also not putting a ton of effort in. I could probably lateral to a larger MM like a HL/WB type and then try to get a better shot at PE which i know ppl who have, but not worthwhile to me.
Other note: We have had turnover since i posted. 1 analyst wasnt performing at a high level and left on his own terms. 1 associate was getting burnt out and went to a new bank of a change of scenery. Another associate went to a very small generalist PE. There was a noticeable uptick in work when each left. It reminds you that you are genuinely valuable to the company
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