F500 or New Boutique IB?
Hey guys, so background on me: graduated last may from a non target with a degree in accounting and finance. Have been working as a financial analyst for a family company and currently have the opportunity to work at two different places. One is an analyst for a F500 company in a very niche division (they provide food and janitorial services to hospitals, think sodexo) and the other is one year old IB firm. I don't know much about the firm (going in for my interview on Friday) other than it was started by an alum from my school who was the MD at another boutique that focused on oil and gas. My goal is to try and get into an MBA business schools">M7 and then from there to a MBB for consulting. I know this is vague but does anyone think one will help me more for my goals?
or maybe what to expect at such a small firm? Looks like a I could get a lot more experience than I normally would but the lack of a name worries me for future opportunities
I know that MBB definitely takes on bankers post MBA, but from what I've seen F500 analyst experience is a lot more common. The name brand would also probably help you in your applications. If you wanted to do banking I would say go with boutique, but for consulting and bschool the F500 is probably your best bet.
Try to find out what the MDs track record was. If he was very successful at a solid boutique, that could be a good experience. If he's an OFS banker, for example, now could be a tough time to start a new firm and dealflow could be pretty limited.
Looks like he was very successful, in banking for 17 years and was the Head of Debt Capital Markets. I guess I will find out more during my interview
What is better, Fort. 500 or MM/Boutique no-name (Originally Posted: 03/09/2007)
What is better for those trying to increase their odds of landing a summer internship at a BB IB in their junor year, interning at a Fortune 500 company with a very recognizable name or a MM/Boutique with no-name, but direct IB related experience?
Thanks!
b/c it's more relevant to IB.
so that means it would be better to go with the no-name MM/Boutique IB.
Depends if you are actually doing IB related stuff or you are just doing busy work, and if the F500 co. is a good say.. finance position.
But, most likely the MM/Boutique, I'd say is your best bet.
F500 Finance or Small Boutique Bank (Originally Posted: 03/06/2012)
I'm a sophomore with a 3.9+ at a HPW-level school who wants to break into BB IBD next summer. This summer I have two options that i am deciding between. I can either work at the F500 firm or work for a small bank in NYC.
For the F500 company, it looks like I would research smaller companies they want to acquire and do a bit of modeling and help with the financial reporting of those transactions.
The bank is a small 8 person firm in New York that normally hires exclusively from Columbia. When you work there for the summer, you take on the role of a full-time analyst and work with associates to model. Even though its a small bank, the head/founder of the bank was high up in the a major division of another GS/MS/Lazard-type bank. My issue here is while the work experience sounds good, its not really a well known bank. Some of my friends also tell me its good to avoid working in extremely small banks like this.
I am definitely leaning towards the banking internship for the summer though. Is band name a big issue for the summer before your junior year?
band name..not so much. brand name yea maybe.
Whats your end game? I assume you want to go into banking and not corporate finance.
Brand name isn't such an issue your sophomore summer. If the F500 is GE's FMP program then I would go with GE bc that program is the best of its kind. However, if not, The banking experience will separate you from the herd come banking recruiting time going forward and your story will be much easier to tell during interviews. Friend of mine from a non-target just leveraged his experience with a no name boutique for a well known middle market. Given your school and GPA and of course assuming your a normal person, you should be able to leverage the experience for a BB internship next summer if not at least for an elite middle market firm.
I think since its your sophomore year...its really not a bad idea to jump into the relatively unknown boutique. If you want to get into IBD at a BB next summer....already having IBD SA experience is going to be EXTREMELY helpful. That being said, a brand name and structured internship program is always good...but I would go IBD
F500 will be much better experience.. esp. if you get some modeling experience under your belt.. brand name is better.. and the banks like that you have a direct (or indirect) connection with decision makers on acquisitions at the F500.. since they might be pitching them on a mandate
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