What does lack of midlevel employees mean for boutique folks?
I was recently enlightened to the fact that there are some very small but hard hitting boutiques per this thread: https://www.wallstreetoasis.com/forums/will-risin…
When i look through linkedin, i do notice that there are very few associates, senior associates, and vps at these firms. They skew either very inexperienced or very experienced ie. analysts vs. exec director / managing director. Understand this is probably a function of these places not being as attractive vs staying put when you are mid-level but how does that affect processes? Are things better bc theres less bureaucracy in passing work up the chain, having it passed down, and back up before it eventually reaches the senior ppl or are the young guys absolutely worked and have to pretty much quarterback deals (analysts have to do analyst work and associate work and associates are doing vp level work?)
Answering your question with a question.
If I’m a senior associate/VP at a BB/EB and at this point know I will be a career banker and have built rapport with my group (over analyst/associate years) why would I leave that to join a “rising EB”?
For BBs perhaps aside from comp there is probably not much upside to going to one of these shops thats why its hard for these places to get any good mid level employees.
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