Stay at Regional Boutique or Lateral?

Haven't found any similar threads and feel that there are a lot of people in similar places to mine.With all the recent pay bumps across the board for almost all banks coupled with (what seems like) worse hours, is there any point to stay at a regional boutique Instead of lateraling to a MM?For reference, currently an A2 in a tier 3 city (Philadelphia, Milwaukee, etc..) working average 60-65 hours a week and 75k salary with 40%-50% bonus expected. No true interest in PE so probably stay In IB until something else comes up. Obviously nothing close to market for current pay, but lower hours and easier lifestyle. Not sure if I'd be promoted to associate in 2023 either and have been getting interviews at MMs with street pay.Thanks in advance.

Comments (9)

  • Analyst 2 in IB - Gen
Jan 15, 2022 - 2:47am

Whether or not you stay in banking, the training, resources and network you get at a larger platform will be priceless for the rest of your life. The analysis at an EB or BB will be much different than whatever you are doing now (assuming you're working a LMM/MM regional boutique). I was in the same position as you previously, and my rationale was "if I didn't want to work the hours, why would I even do banking?"

  • Analyst 2 in IB-M&A
Jan 15, 2022 - 11:18am

Yeah currently at LMM boutique (approx 30 people). Transactions from $10mm to $150mm normally.

  • Analyst 2 in IB - CB
Jan 15, 2022 - 5:32am

If there are some serious quality of life advantages at your current firm and you have goodwill and are mostly happy with comp, I'd stay. If not, then I'd look at middle market or elite boutique firms. Id also really think about the quality of life at each firm before jumping ship if you're currently viewing this as a career. Honestly wouldn't recommend the BB route given how regulated and bureaucratic they've become, and most aren't really that great at advisory other than top 3. Assuming you're currently doing sellside work. If you want to focus on financing side, then BB is best option. 

  • Analyst 2 in IB-M&A
Jan 15, 2022 - 11:25am

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