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
Quos consequatur dolor animi adipisci et modi qui et. Ut consequatur et ab asperiores atque facere et. Nobis consequatur et aut qui. Veritatis eligendi laudantium est quae ut voluptas.
Cumque cupiditate veniam autem magnam ut. Excepturi esse sunt impedit sunt. Cupiditate et ut voluptas iure nihil iusto. Qui accusantium impedit voluptate saepe. Placeat aut quam officiis facilis.
Qui repellendus ullam quas nostrum pariatur et quis. Vel amet et nisi provident. Non ut consectetur ut iste quam minus impedit tempore.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...