I developed a fascination with M&A banking post-MBA (probably hard for most of the analysts and SAs on here, but it's true), and am looking for advice on a first step into the field. I'm much more interested in the middle markets than the, so I'm wondering what folks think of the following two options:
1) Go to a well known middle market bank that has a training program and a solid reputation (e.g. Blair,, , , etc.)
2) Go to a boutique like MESA Global, Page Mill, Gridley & Co, FTP, etc. On the one hand these might give me great exposure and/or be all I can get, but on the other hand this would probably mean I would never get the formal training that one of the larger MM bank would have.
Not that I have offers waiting for me from all of the above, but I've been having a lot of conversations and some interviews, so I figured I'd put this out there and try to get some advice proactively. No "MD's go to bat for their analysts" or Gridley trolls please ;-)
If anyone has another idea which I'm overlooking I'm all ears. I went to Wharton and worked with a lot of boutique / middle market bankers in my last job (corp dev), so I have a good sense of the work, but I'm not as familiar with the firms or market structure. My background is in tech & services. Thanks a lot for your help!