Whale Hunting IB
What’s happening with the whale hunting boutiques? Seems like it’s a dead or dwindling practice ie. DBO, Dyal, M.Klein. Would joining one of these platforms make sense for AN/Assos?
What’s happening with the whale hunting boutiques? Seems like it’s a dead or dwindling practice ie. DBO, Dyal, M.Klein. Would joining one of these platforms make sense for AN/Assos?
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these banks just need a 10bn+ deal per year to give crazy bonuses given their 20 ppl size, and they consistently do at least 1 per year so wouldn’t call it dying lmao
the reality is most of these mega deals won’t go thru - so if u r ready for this type of work, u will be rewarded accordingly with comp and experience
Thanks, intern! Spectacular insight.
Was mostly referring to the the founders of these firms losing client relationship momentum after being 10+ years out from a full service platform, the lack of mentorship and career development for mid-levels who can replenish the pipeline, and the key-man risk that is inevitable.
why are you so aggressive lmao congrats on the lateral reject from one of the firms you mentioned
An2 at a top BB, and if these founders are still consistently landing recurring mega-deals, the “losing client relationships” thesis is just retarded. keyman risk is def there, but probably less concerning than the career risk of sitting at your current MM shitco and coping on wso
bump
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Generally the only time I have seen someone join one of them and then continue in finance is when the firm is “fresh”. Like the guy just left his Head of BB IB role at MS/JPM/GS or whatever. Then it’s basically sink or swim. If the firm swims and gets bigger you can have a career there. Otherwise it’s just a golden parachute for the displaced former senior banker where they cash out and spend more time with family. So it’s like joining a family office to some extent. Hard to build a career then unless you just get adopted and become a member of the family. Not sure if that makes too much sense but it’s clear in my head lol. Hope this helps at least push the ball forward. GL
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