I have an offer from both a small boutique M&A shop as well as an offer from a TS group at a Big4 firm. I really want to go into IB but concerned this shop isn't as reputable. Also not sure if I want to work for an accounting firm, but this one is big.
Any suggestions?
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Really open to any advice from people who have experience in either or these areas.
what level are you going in at? id say be diff for an analyst vs an associate
similar topic was recently discussed on a different site:
http://goingconcern.com/2011/03/what-exit-opportunities-exist-for-a-big…
to summarize, if you want to be in IB, why go work for Big 4 TS when those people want to quit to work in IB?
I'm going for an analyst position. The only real concern I have about the boutique is that it might be too small. They have good deal flow but the transactions they work on are in the double digit millions rather than billions...
Would it be better to work on bigger transactions and then hope to switch over to a analyst position at a bulge bracket? Just thinking out loud.
As said by one Greenhill analyst with whom I networked, "In M&A it's all same sh!t." The most complicated model I've seen was done by a Partner of a boutique where I did my internship. The final price tag was around ~$20MM.
Go for boutique. You can always lateral later. To be honest, getting a bil deal experience on your resume requires tremendous amount of luck: 1) Your bank has to win the deal 2) Your group has to be the lead advisor (product vs coverage) 3) You have to be assigned to that deal. If there are 15 analysts, and MDs need to pick 1-2, who will they pick, a fresh know-jack-crap analyst or been-there-done-that 2nd year?
P.S.: obviously some groups are exceptions
Big 4 Tas or 16 ppl Boutique IB (Originally Posted: 07/10/2013)
Hi Guys,
I got an offer from Big 4 TAS, as well as an offer from a Boutique IB (around 16 ppl). This is my second year in the workforce (I was made redundant from another Boutique IB). The Boutique one pays a little bit more and it has bonus. However, I am not sure which one will give me better training and experience.
I would love to hear your thoughts.
Regards,
same location? what are your long term goals?
Quite big for a boutique honestly. Some really crappy boutiques literally have like 3-4 people, no infrastructure and horrible comp
also this. 16 man seems like a decent shop, I interned at a place with only 4 people..pretty depressing being at a place like that.
Hi guys,
I think my long term goal would be getting into PE, I think (I used to think it is the best option during my university years, but after meeting some people in the industry, I am not really sure any more), and both firm are in the same city (literately 5 mins apart) Both the big 4 TAS and the 16 ppl IB have quite a bit of public private partnership work. Both firms have very nice people. (at least from what I gather during interviews)
Tbh I am more interested in the IB, but then if I go oversea, surely everyone would recognise big four TAS (There is no major financial hub in my country) but not so much the boutique IB.
Boutique IB. TAS is just due diligence services. If you want to learn about M&A and private placements, IB is a no-brainer.
That being said, I know some TAS to MM PE moves. I would consider it more rare, but it is possible.
Big 4 TS or Boutique IB (Originally Posted: 04/15/2014)
Which is better experience?
Big 4 has the brand name and a somewhat relevant experience (Valuation/M&A)... boutique IB would be around 30 people. Both based out of NYC.
What are you aiming for?
I say boutique IB.
If it's specific to TS, this won't necessarily be as valuation or M&A focused as compared to those separate, dedicated groups within the firm.
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