When you are MD/head of your IB group, how do you know it's time for you to found your own shop? (e.g. P.J.Taubman / Millstein)

How do you know you will be successful?
Also, what are the tradeoffs and considerations?
What are some of the largest challenges ppl like Taubman from PJT, Jim Millstein from Millstein & Co., and the Centerview guys encounter when they open up shop?

What determines whether the shop will stand on its own and grow (PJT) vs. sell to larger competitor (Milly + Guggenheim) or consolidate?

 

Hi SSCC, hope I can help. Do any of these links cover what you're looking for:

  • Investment Banking to Private Equity- 6 Things You Should Know 1. Why not just try to start with a PE firm? There are PE firms that hire juniors out of ... a boatload of reasons why people leave IB. It's a tough gig as a junior. Committing to do the A to ... you could recruit for both easily. 3. Are
  • A One Stop Shop For All Things Diversity Recruiting- The Most Exhaustive List On WSO Most of these programs are hosted by BB firms, but boutiques are starting to organize similar events. ... NYC (SF as well for IB) Divisions: Investment Banking, Markets, Asset & Wealth Management ... to be considered for $10,000 Inspiring Excellence Scholarship Di
  • Breaking into buy-side equity research- my experience the information needed to create the pitch (showing your passion for investing). You can even talk ... intentionally vague when it comes to personal information. I've recently started at a relatively small shop ... so I really just had to tough it out for
  • AMA- Analyst at $1.5B Endowment Fund on how you perform relative to the benchmark, so you are incentivized to keep your allocation ... positions you have held and how many years of experience do you have? Prior to this job, my first job out of ... digging around online and finding similar inform
  • From Private Equity Associate to VP in Private Equity resume, what you're looking for, why PE or why HF, where do you want to work, what kind of funds are ... Do you know somebody there? Did somebody from your group go there? Is their head of ... there are a lot of demands on your
  • I-Banking Brainteasers Qs 10 minutes to cross. How can they all make it to the meeting in time? 5. A car travels a distance of ... those. 1. How many quarters would it take to make a stack from the floor of this room to the ceiling? ... with 3 switches, each controlling one of the light bulbs. If you
  • Quitting time- views on how to leave your job current bank has policies for how to deal with leaving employees. Have your desk packed and everything you ... your immediate reports. That's the respectful way to do it. You should ask him/her how he/she ... etc you have on work systems out of
  • More suggestions...

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