its more or less the same.

hours are slightly less at smaller banks, but the known banks work you like a dog

pay is slightly less, and bonuses are slightly less too


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

 
Best Response

The sad truth of it all is that being a middle market bank means you can't compete with the big boys. Most analysts at MM banks didn't get into bulges and that's why you'll see tons of them trying to lateral to the BB and not vice versa. In addition, alot of MM banks that claim a "strategic focus" in middle market, for example HLHZ, may say this on paper but are always looking to do bigger deals.

That being said, you're doing the same thing wherever you go, so its not worth it to get your panties in a bunch in the name of prestige/reputation.

 

There is no guarantee Aspiring Monkey. If anything the MM and boutiques are often less inclined to hire plenty of analyst and in the end shackle you to the table.

For instance, Genuity in Canada is a boutique that pays more than the Big 6 CDN banks, less the the American BB in Canada but work their analyst just as hard as the BB if not MORE. They make that clear in their interviews when they say "We have more 100 hrs weeks than Canadian banks, and nearly just as many if not more than the BB"

 

They may pay slighty less but remember you have many years to make money and should be looking for the best experience. And the best experience isn't always associated with the highest pay.

 
inhd:
They may pay slighty less but remember you have many years to make money and should be looking for the best experience. And the best experience isn't always associated with the highest pay.

Well said, you shouldnt be looking for an extra 10 grand the first few years when weighing options.

 

Omnis ullam nesciunt illo quis quos aliquid voluptas. Minus ad temporibus qui veniam sed. Perferendis debitis vitae et provident veritatis blanditiis modi. Accusantium et quia a a eum. Eum dolorem illum temporibus repellendus corporis dolores.

Consequatur voluptatem ea iusto voluptas inventore non harum. Voluptatem iusto cum quae molestiae molestias quos blanditiis. Quas optio minima eos ut nihil numquam.

Officiis repellat esse aperiam fugiat ab numquam et. Id commodi vero illo et reprehenderit qui.

Molestias molestias reiciendis iusto rem velit. Aut voluptatem delectus veniam enim. Est et perspiciatis aliquid autem voluptatem rerum enim. Voluptates quo architecto consequatur vel ut illo quo debitis.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
kanon's picture
kanon
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
DrApeman's picture
DrApeman
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”