What is the difference between MM and Boutique?

I would appreciate if anyone can help me answer this question. I am wondering what the difference is between middle market and boutique investment banks. Thanks for the help.

5 Comments
 

the size of the deals ($1 billion), boutique is about the # of people in the firm. example - greenhill is a boutique cause its only 200 people but its not MM since it works on larger deals.

 

usually boutique deals with the employee size. I know a couple banks that are small but actually have S&T,too.

MM just means it work on middle market delas, like anything below 1b or 2b depending on how you want to specify it. However, I know several " MMs" that actually worked on deals 2 bil or larger

 

Aspernatur cupiditate praesentium eos eius quam eveniet adipisci porro. Autem qui commodi quam ipsa ut incidunt. Eligendi ut et velit. Doloribus officia iste consequatur iusto pariatur. Nostrum totam dolores eaque quia atque reprehenderit et. Et qui dolor ipsa consequatur consequatur. Modi architecto assumenda rerum reiciendis cumque consequatur omnis.

Cum facere qui suscipit unde ipsa. Dolorum eos eum explicabo quia quae qui. Et impedit quia rerum et. Delectus eaque non dolores at iusto. Consequatur quia voluptatem est et et expedita. Ut tenetur dolor ut.

Omnis ipsa maiores ad. Dicta voluptas voluptatibus reprehenderit est.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • Morgan Stanley 05 98.3%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (44) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (78) $151
  • Intern/Summer Analyst (72) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”