Boutique Banks in New York/New Jersey Area

mrusso27's picture
Rank: Chimp | 2

Hey, I know that people typically shy away from lists, however, I am currently applying to Boutique Banks and I was looking to broaden my scope since I am currently a sophomore, and really want an internship this summer. If anyone could help me out and send me a few the names of a few BBs or Middle Market IBs in the New York/New Jersey region. I really appreciate the help.

Comments (77)

Feb 16, 2010

There's already a pretty long thread about this here: http://www.wallstreetoasis.com/forums/regional-bou...

Feb 16, 2010
Feb 16, 2010

Now you want a list of BBs?

Feb 16, 2010

I don't think any BBs have offices in that area, it's kind of a dead area as far as finance is concerned...

Feb 17, 2010

On the linked thread there is no list for BB banks in jersey they're all just in New York

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Feb 17, 2010

Sorry this isn't much, but I know that Harris Williams' TMT group is in Boston.

Feb 17, 2010

want to know this too

Feb 17, 2010

I've got a master list of 100 boutique banks in NY. You could go on each of their respective websites to check. Happy to send it over. Let me know.

Feb 17, 2010
hustlenomics23:

I've got a master list of 100 boutique banks in NY. You could go on each of their respective websites to check. Happy to send it over. Let me know.

Can you please forward that list to me? I'd greatly appreciate it, thanks.

Feb 17, 2010

I would love that list too if you still have it. Thanks!

Feb 17, 2010

Hey, could I also get that list?! It would be a huge help!

Feb 17, 2010

Hey, could I also get that list?! It would be a huge help!

Feb 17, 2010

I'd greatly appreciate it if you can forward that list to me!

Feb 17, 2010

Yah could I get that list too I'm an incoming freshman so by the time i'm applying it won't affect you.

Feb 17, 2010

Student at NYC target - here's a list of firms I've seen hire on-campus for part-time IBD roles:

Bryant Park Capital
Hermes Capital Advisors
Morgan, Evan & Company
Imperial Capital
Needham & Company
Redwood Capital Group
HT Capital Advisors
Watts Capital
Silver Lane Advisors
Grail Advisory Partners
Methuselah Advisors

However, please note not all firms hire every year, and this is almost certainly not an exhaustive list. Outside of IBD, some very prestigious part-time opportunities include:

Capital raising @KKR (Client & Partner Group) - recruits every year
Equity research @JP Morgan - also recruits every year
Credit @GS/MS - I've seen these opportunities, although they're not consistent
RBC's ER group also hired part-time interns last year.

Several ER/HFs take part-time interns, although you likely have to actively reach out. I've seen Tiger Cubs take MBA students part-time, but typically only from CBS's value MBA program. I also believe Warburg Pincus offers part-time internships to MBAs.

But it's important to note (as obvious as it may seem) that firms hire part-time interns opportunistically, and typically by group rather than as structured recruitment programs. A list of amazing part-time opps I've seen in the past include:

IBD @Houlihan Lokey
An advisory group @Evercore
A credit team @Carlyle Group
IR @Blackstone
Emerging markets @Lazard
...

The list goes on. Just reach out to contacts, make sure your resume is pristine, and don't be stupid. Good luck!

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Feb 17, 2010

Hey, great list! Do you know of any full-time hires?

Feb 17, 2010

^ great post

Feb 17, 2010

hey if anyone still has that list could they forward it to me? thanks

Feb 17, 2010

I'm also interested in that list. if anyone has it if you could please send it to me! thanks.

Feb 17, 2010

I'm also interested in that list. if anyone has it if you could please send it to me! thanks.

Feb 17, 2010

Could I also get a file if anyone still has it? Thanks!

Feb 17, 2010

There was a post on here a while ago with a pretty comprehensive list of boutique banks by geographical regions. I'll try to find it for you.

Feb 17, 2010

@"hustlenomics23" would you mind sending me the list as well?

Thanks

Feb 17, 2010

Could someone send me that list too?

Feb 17, 2010

no

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Feb 17, 2010

You're on the right track. I think most people would agree that the top five are Rothschild, Lazard, Greenhill, Evercore, and Perella Weinberg. (Yes, of course, Rothschild and Lazard are in a way so large that you can't really consider them to be boutiques.)

But what's the point in ranking the rest? There are just too many of them!

Feb 17, 2010

hmmmm.....I'd say the original list is too big. The top-ranked boutiques I think are:

Gleacher
Centreview
Evercore
Perella
Moelis
Blackstone
Lazard
Rothschild
Greenhill

I don't think Rohatyn Associates does anything anymore BC doesn't Felix Rohatyn now work for Lehman? I don't know enough about Sagent, Solomon, or Lexicon to comment on those three compared to the others.

Perella and Rothschild at least at Wharton from what I've seen are not regarded as highly as the others I've mentioned. Don't know about in-industry perception.

Feb 17, 2010
Warhawk_1:

Perella and Rothschild at least at Wharton from what I've seen are not regarded as highly as the others I've mentioned.

I would imagine people aren't so keen on Perella Weinberg because they just do a few big deals per year, whereas most junior people want high deal flow.

Also, the thing with Rothschild is they don't rank very highly in the US, but they do a lot of business in Europe etc (top 5 or so), which pulls up their worldwide rank somewhat...

...which just emphasizes that any ranking of investment banks will vary from continent to continent, making it even harder to come up with a "definitive" list.

Feb 17, 2010

Dude, I'm not ranking these at all, I don't agree with the ranking concept, I've just listed a load of non-BB firms :)

Lexicon are mostly familiar to UK/HK members of WSO I guess, but they are definitely a boutique and quite highly thought of. Probably not on a par with Greenhill/Evercore though

Rothschild don't seem to be as well regarded in the states, but they are playas in UK/Europe apparently, I mean check out how many deals they advised on last year...loads

Feb 17, 2010

Oops, didn't read your comment joefish! (I basically just repeated some of what you said.)

Feb 17, 2010

'course there will never be a "definitive" list. All I want to do is create a thread so that people in the future can look at this and know if they have a firm that's good enough to be secure in taking it against a BB offer. Boutiques have so little transparency about which ones have good deal-flow and give you a good experience that it's ridiculous when a lot of people make FT or SA decisions.

Feb 17, 2010

dissent is good. people who disagree with these lists should blast out why and give their reasons, or give any new additions they would have. I don't think there should be a "definitive" BB or boutique list. But I think there should be an attempt at both to rank banks in terms of exit opps and deal experience, etc.

It'd be nice to have something that people could refer to in a thread instead of individually asking about a boutique every single time someone has a question.

Feb 17, 2010

Sandler O'Neill & Partners has to be up there

Feb 17, 2010

In general, does it make a huge difference to be in an M&A group v. an industry (healthcare) group when looking to get recruited into PE/HF? Is there any significant difference in the skill set gained between these two types of groups?

For me, I am not as worried about getting one of the top PE/HF as I definitely want to start living a normal life in a specific geographic location (hopefully FL on the coast).

That said, what are some of the top HF/PE, if any, in FL?

Feb 17, 2010

Not even a year old and already a beast. Crazy!

Feb 17, 2010
Feb 17, 2010

Not a boutique :P

Feb 17, 2010

HLHZ is definitely not a boutique....they are MM for M&A and considered Top 3 Restructuring.

Evercore Partners / Lazard / Rothschild / Blackstone M&A also are not Boutiques!

Feb 17, 2010

Evercore not a boutique!? :)

I'm pretty sure I read an article with an interview from Roger Altman, where he specifically referred to the boutique culture at Evercore!

Lazard/Rothschild were not labelled boutiques in the OP

Blackstone M&A pretty small this side of the atlantic - almost a boutique???

Feb 17, 2010

Evercore more than likely does have a boutique culture - but that does not make it a boutique!
Blackstone is also not a boutique - as 1) it is not a pure advisory house 2)it has grown too big

Feb 17, 2010

Ok, you win! :)

Can you think of any other decent ones for the list or is that prettymuch it?

Hawkpoint?

Feb 17, 2010

Joefish - I didnt win I was just stating my opinon! I personally think it come down to what you class as a boutique!

In my opinion (which is probably worthless) a boutique or an advisory boutique solely provides IB advice. BX has the Asset Management arm, the PE and REPE arms etc etc.... ie a variety of different functions.

If you consider a Boutique to be simply a small firm in comparison to BB that offers IB services then of course BX, HLHZ, LAZ, ROTHS etc etc could be classed as boutiques.

Hawkpoint is definitely a Boutique firm. It focuses on the Mid - small cap firms and is apparently a great learning ground as an analyst.

I wonder are there any Industry specific boutiques in London?.

Feb 17, 2010
plus1:

In my opinion (which is probably worthless) a boutique or an advisory boutique solely provides IB advice. BX has the Asset Management arm, the PE and REPE arms etc etc.... ie a variety of different functions.

hrmmm... in that case, can either Moelis or Greenhill be classified as boutiques, given that both have merchant banking / PE arms? just a thought.

Feb 17, 2010

Good point, I'm guessing there is no definitive line of this matter (hence the title of this thread!)

Lazard don't like to be referred to as a boutique, I seem to remember a presentation on their website emphasising the stark differences between Laz and its boutique competitors.

There are bound to be a couple of industry-specific boutiques in London, can't think of any off the top of my head though..

Feb 17, 2010

There are some quality firms off of Wall Street like McColl Partners, Stephens, Inc., and Edgeview Partners.

Feb 17, 2010

How about Peter J Solomon? Any one have comments on them, as I see them mentioned around Sagent a bunch.

Feb 17, 2010

i did a first-round interview with Lazard, and i referred to lazard as a "top boutique" and i got a lecture

Feb 17, 2010
guts:

i did a first-round interview with Lazard, and i referred to lazard as a "top boutique" and i got a lecture

What do they consider themselves to be? As someone else said, they are not BB or MM.

Feb 17, 2010

lol I find that really funny. But maybe they perceive "Boutique" as an inferior term! ie small time......and not just smaller in size. Or specialized. They should design a new slogan......anyone have any ideas what it should be????

LAZARD -> "Not considered a BB, Certainly not a MM and definitely not a Boutique - we are Just unique"

lets hear em.....

Feb 17, 2010

I would state NO but then i reiterate - my opinion may be worthless!

I would consider a boutique to be a pure M&A / Restructuring house - it has no other main functions such as trading / asset management and certainly has no underwriting or financing capabilities...i.e. a pure advisory firm.

I would consider the likes of Greenhill, Lazard, BX etc to be TOP tier Investment Banking services firms - providing a range of investment advice and opportunities. Just not considered as a BB.

OF COURSE THIS IS ENTIRELY SUBJECTIVE -> I know there will be many comments opposing my position and thoughts lol!

Feb 17, 2010

"one of the world's preeminent financial advisory and asset management firms"

Not big enough for BB, definitely not small enough for boutique

Feb 17, 2010

Target your school's alumni base and use them to leverage an interview. Done.

Feb 17, 2010

1. WSO Company Database
2. School/friend's Cap IQ
3. The Google

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Feb 17, 2010

WSO's COO (Chief Operating Orangutan) | My Linkedin

Feb 17, 2010

^Second

Feb 17, 2010
Feb 17, 2010

http://www.wallstreetoasis.com/forums/searching-fo...
hands down best most comprehensive list ive found

To the starving man, beans are caviar

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Feb 17, 2010
philosophizingphilosoraptor:

//www.wallstreetoasis.com/forums/searching-for-a-sum...

hands down best most comprehensive list ive found

The Company Database is even more extensive and you can filter by zip :-)

Feb 17, 2010
Feb 17, 2010

The second link = gold

"I did it for me...I liked it...I was good at it. And I was really... I was alive."

Feb 17, 2010

http://getibjob.com/site/IB_BankList.htm

Disclaimer: The post above has been made by someone who is not currently employed in IBD, and has not had an interview yet...

Feb 17, 2010

I'd argue Perella Weinberg shouldn't be in other but whoever put that together did well.

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Feb 17, 2010

The link appears to be broken. I have tried a Google search but to no avail. Can someone please provide me with an updated link? I'm applying for IB Analyst Internships soon...I'd greatly appreciate the help. Thanks in advance.

Feb 17, 2010
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Feb 17, 2010
Feb 17, 2010