I'm sure this topic has come up before, so please excuse me if this has already been discussed at length elsewhere.
Are mid-level bankers (Associates / VPs) who begin their careers at a boutique (EVR, LAZ, Moelis, etc.) at a disadvantage when it comes time to begin calling on clients? It seems that it would be much easier to build client relationships if you had a broader suite of products and services to offer from an earlier stage in your career.
I'd be interested to get any perspectives on whether or not the long-term career potential in banking is diminished at all with an advisory-only background.
Yes
Probably although at one of the boutiques you mentioned, 25% of the MDs are internal promotes
There are MDs and there are MDs. Its all very well to internally promote an MD and just pay them a measley buck and a quarter a year, while the guy they hired from Morgan Stanley is making four. With extraordinarily rare exception, any MD who is making proper money at a so called elite boutique built their career at a bulge brackets.
Sequi repudiandae porro excepturi ut laboriosam. Tenetur fuga et est rerum. Et quo nemo odit non qui et aliquid. Repudiandae et commodi voluptas est.
Id amet et quaerat autem possimus optio. Sed totam magnam at. Vel doloremque eos placeat ut rerum eum. Molestiae dolores ipsa est et recusandae deleniti ducimus.
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...