What area of advisory? This really matters as there are quite a few segments. Some maybe great or awful, depending on your career goals. Is the boutique in the region/city you are interested in staying in for awhile?

"You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right." -Warren Buffett
 

As mentioned it depends on which role within Big 4 Advisory (Management Consulting, IT, Risk), what your career goals are and compared to which specific boutique firm.

I'd start my career in Big 4 over a boutique for the following reasons: Training, clients, network. You'd always be able to venture off to a boutique firm later in life. Working in Big 4 is good early on in your career because you can put up with the long hours, travel demands and collegial environment. Once you do a 2-3 yr stint in Big 4 you will carry the brand name with you forever, you can always return if you leave and you can ask for a generous salary from a boutique firm once you leave Big 4. Overall, joining a Big 4 is typically the best move to make right after college for brand name, training and industry exposure.

However, working in a boutique has plenty of benefits; some may provide you with profit share, higher salary, it will be a much more entrepreneurial environment (you may be asked to bring on clients), smaller teams, greater responsibility (could learn more than Big 4 from a gaining and retaining clients perspective such as partners at Big 4), possibly better hours than Big 4.

 

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