The Boutique Mystique
I've been wondering for a while if any of you guys ended up at a boutique after working for a BB FT or SA and found out that the boutique life was 100x better than BB? I remember a webinar recently about this and the presenter said there were pros and cons of each: Boutique Pros: More "flexible" hours at a boutique. Boutique Cons: Pay varies much more.
BB Pros: Consistent salary and structured on the job training. BB Cons: May have more of a cutthroat culture, longer hours.
Feel free to add anything else you've noticed.
What do you mean by "boutique"? A place like Lazard or a "no-name" boutique? If it's the latter, the only real pro is the hours, but that's only the case in some situations. The biggest con is that often times you will be working similar hours as someone at a "reputable" bank, yet be severely underpaid (I made $60,000 all-in at the "no-name" boutique that I worked at for a year). People chirp all day about junior pay not mattering, but when you see people make two to three times what you make for essentially the same work, it's incredibly depressing.
Oh yeah I meant boutique as in a "no name". That's why I didn't say EB or Elite Boutique.
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