A Thought On Boutiques

The elite boutqiue masterbation on this forum has gotten out of hand. 

Elite boutiques like Evercore PJT and Centerview are good shops but still cannot compete with the top 3. If you actually worked in the industry it is clear. Boutiques are overrated because of their mystique, but at the end of the day, clients want shops that can advise and provide financings. Advice is commoditized and the bankers at the boutique shops are no more special than those at the BBs. This is the reality. No top boutique has ever been a sole advisor on a large cap deal and they are rarely the leads.

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There were a few people like this in my MBA program a few years ago, guys who were going to Bofa/Citi/Barc/CS and were extremely insecure about their shops and needed a way to feel superior. Smart enough to know they would lose all credibility if they tried to tout that one of those firms were > "x EB", so instead they would do the BBs > EB thing and talk up GS/MS/JPM when they didn't even get offers or interviews there..always thought it was odd

 
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Yo retard, who the fuck cares if "your client wants financing"? Choosing a bank as an analyst - you only consider comp, exits, and culture, as well as experience (to which generalist shops like EBs will have you work on quality M&A deals way more often). EB's beat BB's in all three (with the exception of top groups from GS/MS/JPM terms of exits, but even then not because they have 100x more analysts so per capita it's probably way worse).

Enjoy your time at UBS though.

 

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