Small boutique vs BB / EB
Hi, I’m a third year IBD analyst at a small cap unknown boutique investment bank, I get paid the same as bulge bracket IBD in terms of base and bonus, but work 9am-8pm and never work weekends, my hours are incredibly good for IBD so I probably earn 1.5x a bulge bracket banker on a per hour basis. MDs here leave at 5pm (if they’re in the office) and their total comp here can range from $400k to $3m.
However I’ve been invited to interview for a BB/EB and I’m unsure what to do. For someone that plans to continue IBD what would your thoughts be, would you take the chill life at a small boutique earning the same as BB or do you think the learning / more interesting deals / brand makes up for the longer hours at a BB/EB?
Thanks
How does one, like yourself, get interest from bigger/more prestigious firm when you're working at small, unknown boutique? Just wondering if that just "happened," or you actively sought out opportunities?
Hi, normally once you reach senior analyst level at low tier banks you get headhunters contacting you for BB/EBs roles due to those banks losing the majority of their senior analysts to buy-side.
Hmm, interesting. Would you say that that is a reason to try to do a third year as an analyst, as opposed to doing only two? Meaning that your third year as an analyst makes you more marketable to a "better" shop that's seeking a new associate?
From my perspective, it seems like you've almost found the holy grail. Reasons for moving:
Exits, location, or if you think the work would genuinely be more interesting.
Reasons for staying:
Basically everything else.
I would imagine your path to move up is clearer and more likely at this boutique and you won't blow your brains out in the process, given that you want to continue in IBD.
hello, I was also curious what firm this is. Sounds like a great gig so congrats! Please feel free to PM me.
Did u figure out what firm?
Did you figure out
currently recruiting for smaller, relatively “unknown” ib shops (i.e. PJ Solomon, TM Capital, etc.) and interested in hearing more about your boutique
feel free to pm
PJS and TM capital are two very different tiers
Care to expand on why / which one?
I know — I wouldn’t put them in the same tier deal flow/size wise but would consider them to be relatively small shops in terms of headcount
Can anyone speak to firms that pay relatively well but aren’t as respected?
Can anyone speak to firms that pay relatively well but aren’t as respected?
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