Just wondering what happens to group within MM, or boutique, when biggest rainmaker decides to leave. If it was successful group, does firm soldier on by hiring new MDS from other firms? Or does firm that just lost rainmaker usually decide to pivot away from that once-successful group and allow that once-successful group to shrink in importance?
| +255 | Why UBS Is the Worst Place to Start Your IB Career | 38 | 2h |
| +212 | UBS 2nd Year Analyst Q&A (2026) | 37 | 1h |
| +69 | Firm Thinks I'm Lying About Offer | 20 | 2d |
| +60 | Indiana University Fraternity Pipelines | 36 | 1d |
| +50 | Rogo AI | 20 | 1d |
| +50 | Elite Boutique interview questions | 16 | 2h |
| +45 | Suspended for a Year | 19 | 1d |
| +40 | What's your craziest "hardo" story? | 8 | 2h |
| +39 | Stay at Weak Dealflow Team or Lateral? | 12 | 3d |
| +26 | Wolf of Wall Street vs. Reality: Anyone else feel scammed by the movies? | 9 | 1h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Have seen this happen, big shoes are rarely easy to fill.
Even if there is serious talent that can step up, a rainmakers relationship and track record are hard to replace. The perception is that some of the credibility has walked out the door.
So what is best course of action for junior bankers in this instance -- immediately start networking in preparation for lateraling?
Situational as there are lots of factors to consider, like who are the replacements and how much of a fee hole needs to be filled.. It's not all doom and gloom but there is an impact.
Would you say that situation is different for BB/EBs given they might have a big enough wallet to shop for good MDs around the street?
I would think that MMs also have the resources to "reload."
I guess I just wonder if, when this has happened in the past, if the MM/EB figures "Well, this sector has done really well for us in the past, and we'll just get another big hitter from another shop." Or, since performance was so linked to the one or two key MDs that just left, the firm just figures "Oh, well, there goes our whole C&R practice, guess we'll just focus on our other sectors."
Just a single example, but a couple of years ago JEF lost both their co-heads of ADG (one of whom they themselves poached from GS a few years beforehand) and they essentially poached the whole Wells team to rebuild, which was really solid in ADG. I’d think that most larger firms would try to rebuild a platform after getting looted.
Qui rem dolor explicabo quisquam quo eveniet dolorum. Consequuntur dolor voluptate laboriosam autem quos quas. Expedita sit voluptas autem qui eius vitae quae. Molestias neque rem aut ipsum rerum ut rerum repellat.
Dolor aspernatur velit provident iure facilis rerum aut. Ipsum ipsum aut possimus laborum.
Ut reiciendis quos illum rerum quia veniam temporibus. Rerum neque repellat dignissimos error repudiandae. Blanditiis sapiente occaecati a. Cumque totam nemo ipsum modi.
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...