Startup vs. IB
I am a senior who has an offer from an elite boutique (satellite, not NYC). However, the group (which will remain unnamed) is doing terribly and there is a possibility it will go away in the coming years. I also have a few technology startups offers with a salary ranging in the 60-70k in SF. A few look somewhat promising and with the tech boom that is coming up, I'm not sure what to do.
Investment Banking vs Startup
Working for a startup and working in investment banking are two very different things. One is for the risk-averse while the other is inherently risky.
Working at a startup requires just as much if not more sacrificing of personal time as investment banking.
Startups often fail. Startups are likely to pay significantly less than banking with probably the same amount of hours.
So what's the appeal? Theoretically, it's high risk, high reward. Indeed, it's usually only high reward for management. Joining a startup could be worth it though if you believe in the product or mission 100%.
Investment banking is the opposite. It's for the risk-averse (save a market downturn). It's a popular job because it provides diverse options for future employment and great pay. However, sacrifice in free time and job satisfaction are significant.
The key question is where are you in life and what level of job security can tolerate.
Looking to get married soon to a dependent lady who wants to pop kids? Go for investment banking for better job security and compensation.
No attachments to a financially independent partner or have a strong cushion of savings? If I was in your position, I'd go gamble on the startup for a few years on the basis that the opportunity cost/impact.
There are more factors like this eg where you want to get to in life, how old you are