Lifestyle and hours at start-up boutique M&A shops - Zaoui, BDT, LionTree, Robey Warshaw, M. Klein

A friend of mine (seriously! not me!) has an offer with a ~2 year old 'start-up' investment bank that's swinging for the fences (large cap deals) and also working on some smaller stuff (

 
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I think with boutiques the lifestyle and hours vary on their specific culture. I interned at an M&A boutique in NY this summer and the hours varied a lot. Typically, the bosses came in very late. My boss came at 11 am on a good day and 2/3 pm on a bad day. The CEO had inverted sleeping hours so she came in between 4 and 7 PM and some days not at all.

As you can imagine, when your bosses come in at those hours you are probably not leaving at 6...and us interns and analysts came in between 8 and 10 am. M&A tends to have a bit of a procrastination culture and working until the am hours is not a strange concept. A lot of the work doesn't have a specific deadline so things tend to get pushed back until the bosses say "we need to get on this" or "we should send this presentation tonight". I would often be handed work between 7 and 10 pm and sometimes it needed to be done by morning. The analysts would stay later than us interns. You should network with people in those specific shops and ask about the lifestyle if you think it's appropriate to raise the question.

 

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