Advisory Firm vs. Boutique

Hey guys, I am looking to gain the right experience to position me for a position post-MBA in a PE firm. If you are in PE already, then which one of the following choices of experience would you make?

  1. Advisory firm (boutique/mm) to Private Equity and Hedge Funds and Lenders. Sort of a hybrid of an I-Bank and a Management consulting firm. Some of the services include: Business Plan formation, Mergers and Acquisitions searches and evaluations, packaging businesses for sale and restructuring and crisis management

or

  1. A traditional boutique/mm I-Bank (albeit concentrating in one industry?)

Would appreciate your thoughts!

 

Do you have offers? these two choices are so fucking broad man. be more specific.

i-banking is always better than non-ibanking. #2 will set you well in a PE that focuses in it, so if that interests you go with that.

1 i don't even know..

 
Best Response

Yeah sorry for being so broad.. what details would help make it more clear? I get it that #2 makes more sense? The reason why I was contemplating #1 was because it seems to provide a lot of services that would be transferable to a PE shop. I am a noob to PE and thus am not sure.. seeing what MPBYO said, are the services provided by #1 and thus experience that I would get not better than the experience at the boutique/mm ?

The thing is I have spoken to the CEO of the firm #1 and he has said he would like to bring me in for a summer internship in about a month. However, I just wasn't sure if thats an okay route to take? I want to understand that seeing the type of services it provides, would it be an okay route to take?

MPBYO - when you say that it seems pointless middleman service, could you elaborate?

Thanks dudes!

 

which one is more well known? this is going to help a lot.

advisory firm can be good, but it will have to be a well known shop in the region you want to do PE. and like MPBYO said if they are not FINRA registered they are probably providing there M&A services illegally lol.

with that said, either shop can set you up well to interview with well known boutiques/MM/BB IBs down the road which can eventually lead to a decent PE shop.

 

also, lets say that #2 focuses only on Gaming, Leisure and Hospitality? I know that will limit my exit opps to a general PE fund? However, would having the experience at one that only concentrates on one sector allow me to lateral onto a well known MM/BB in the general category or would it only have to be in that sector group?

Thanks!

 

Eos consequatur ea tempora a aspernatur quod. Eligendi qui quidem exercitationem perspiciatis. Illum ex quod quaerat nihil placeat. Illo ut vero quidem inventore corrupti maiores vel.

Est alias ad provident dolorem velit ea. Enim ducimus temporibus quo earum illum in. Saepe aut omnis aspernatur et ipsum.

Et doloribus ratione aut rerum. Assumenda voluptatem omnis neque. Porro enim eum architecto numquam. Repudiandae itaque eaque et veniam earum quo. Quas blanditiis molestias omnis.

Voluptatem sed tempore aut. Consequatur quas numquam ab ut error eos voluptates. Distinctio officiis doloremque vel nisi corrupti. Et aut ab laborum non corporis quibusdam. Nemo praesentium laboriosam maxime. Doloremque a molestiae repellendus. Sed quos et occaecati vel.

Career Advancement Opportunities

March 2024 Private Equity

  • The Riverside Company 99.5%
  • Warburg Pincus 99.0%
  • Blackstone Group 98.4%
  • KKR (Kohlberg Kravis Roberts) 97.9%
  • Bain Capital 97.4%

Overall Employee Satisfaction

March 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 98.9%
  • KKR (Kohlberg Kravis Roberts) 98.4%
  • Ardian 97.9%
  • Bain Capital 97.4%

Professional Growth Opportunities

March 2024 Private Equity

  • The Riverside Company 99.5%
  • Bain Capital 99.0%
  • Blackstone Group 98.4%
  • Warburg Pincus 97.9%
  • Starwood Capital Group 97.4%

Total Avg Compensation

March 2024 Private Equity

  • Principal (9) $653
  • Director/MD (21) $586
  • Vice President (92) $362
  • 3rd+ Year Associate (89) $280
  • 2nd Year Associate (204) $268
  • 1st Year Associate (386) $229
  • 3rd+ Year Analyst (28) $157
  • 2nd Year Analyst (83) $134
  • 1st Year Analyst (246) $122
  • Intern/Summer Associate (32) $82
  • Intern/Summer Analyst (313) $59
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
kanon's picture
kanon
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”