Questions to ask when interviewing at a boutique firm?

I have an interview with a boutique firm in its investment management group coming up. I was wondering what types of questions I should ask to properly vet the firm and group. It's kind of a sketchy situation as the firm is primarily a New York firm but the position is in the newly created Chicago office and the person I'd be working under only joined the firm in May. Fortunately I was able to vet that person and from what I hear she has a good reputation.

The group is described as follows:

On an exclusive basis, will provide buy-sell advisory investment advice to investors who require highly specialised due diligence, valuation, structuring and complex negotiation services in order to facilitate transactions in the United States.

Is it kosher to ask about who the company's clients are? What kind of fees and fee structure it charges? The group itself is very new so I don't think that there will necessarily be metrics in terms of # deals, deal size, etc. that they will be able to quote.

What other questions should I ask to make sure I don't end up somewhere shitty?

 
prnz:
Is it kosher to ask about who the company's clients are? What kind of fees and fee structure it charges? The group itself is very new so I don't think that there will necessarily be metrics in terms of # deals, deal size, etc. that they will be able to quote.

Def kosher to ask about the kinds of clients that they service. And while the office may be new the person running it will certainly have deal experience to share and can also talk about the business they are hoping to build.

 

Not sure if this is obvious, but try to get an understanding of what your responsibilities will be, in very concrete terms. Who will you be working with, what kind of activities will you do (and what proportion of the time are you doing each), and what skills will you learn?

Career Advancement Opportunities

April 2024 Investment Banking

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

Overall Employee Satisfaction

April 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

April 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

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
numi's picture
numi
98.8
10
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
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...”