Hello! I've recently received two full-time offers from a no name boutique (5 man shop) and sort of an "in between" (think RBC, wells fargo, nomura, etc.) I was curious as to what factors people take into consideration with a) lateraling between IB groups and b) when you're making the move onward from IB. Usually the choice would be clear cut but there's a bit more nuance in this decision.
The "Nomura" is known to get wrecked in hours even for banking, and they don't get the heaviest deal flow, a point that they went out of their way to make sure that I understood throughout the process. On the flip side, the no name boutique actually has some pretty legit deal experience and pretty regularly bats out of its league due to strong relationships that the MD has with some pretty big clients. I haven't heard the greatest things about retention for the larger group ("overworked, underpaid, don't close deals, very high turnover") and would not be surprised if I end up trying to lateral after a year to a group with better culture / deal flow. However, I imagine that this would put me in a better position to lateral than going to the smaller shop would - I'm just trying to decide if I'm down to hate my life for a year before doing so.
My question is this: Would choosing the "Nomura" over the smaller shop really put me in a substantially better spot to lateral given the difference in deal experience I would get at both places? And how would things play out in terms of exit opps if I take the smaller shop and stay there for 2-3 years?
Thanks for your thoughts in advance let me know if I can add any more information.