Valuation at boutiques?

Hey IB monkeys. I was wondering how daily activities at boutiques differ from the routine at bigger banks.
By "boutique" I don't mean Lazard or Rothschild, but small boutiques (up to 20 people I'd say). So, small investment banks/advisory firms targeting mostly not listed companies.

I asked this question during an interview and I was told that analysts do TONS of pitching, and valuation is mostly done through multiples and comparable companies. No DCF, basically, which was quite surprising.

Based on your experience and on what you heard, how is the routine of a boutique analyst different from the one of a BB/large boutique analyst?

Thanks!

 

Id nam aut tempore aut. Ut accusamus eum molestias quas vel maiores quia.

Beatae excepturi eos qui. Et velit quis eos corrupti voluptatem quis. Eligendi in asperiores enim vel voluptas qui ducimus. Iste laborum blanditiis velit quia sunt.

Corporis neque voluptatum vel et. Asperiores voluptatum et molestiae. Est ut et maxime eveniet quia ea. Enim alias placeat voluptatem blanditiis quia.

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
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
kanon's picture
kanon
98.9
9
DrApeman's picture
DrApeman
98.8
10
numi's picture
numi
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...”