Boutique Banks in New York/New Jersey Area

Hey, I know that people typically shy away from lists, however, I am currently applying to Boutique Banks and I was looking to broaden my scope since I am currently a sophomore, and really want an internship this summer. If anyone could help me out and send me a few the names of a few BBs or Middle Market IBs in the New York/New Jersey region. I really appreciate the help.

 
hustlenomics23:

I've got a master list of 100 boutique banks in NY. You could go on each of their respective websites to check. Happy to send it over. Let me know.

Can you please forward that list to me? I'd greatly appreciate it, thanks.

 
Best Response

Student at NYC target - here's a list of firms I've seen hire on-campus for part-time IBD roles:

Bryant Park Capital Hermes Capital Advisors Morgan, Evan & Company Imperial Capital Needham & Company Redwood Capital Group HT Capital Advisors Watts Capital Silver Lane Advisors Grail Advisory Partners Methuselah Advisors

However, please note not all firms hire every year, and this is almost certainly not an exhaustive list. Outside of IBD, some very prestigious part-time opportunities include:

Capital raising @KKR (Client & Partner Group) - recruits every year Equity research @JP Morgan - also recruits every year Credit @GS/MS - I've seen these opportunities, although they're not consistent RBC's ER group also hired part-time interns last year.

Several ER/HFs take part-time interns, although you likely have to actively reach out. I've seen Tiger Cubs take MBA students part-time, but typically only from CBS's value MBA program. I also believe Warburg Pincus offers part-time internships to MBAs.

But it's important to note (as obvious as it may seem) that firms hire part-time interns opportunistically, and typically by group rather than as structured recruitment programs. A list of amazing part-time opps I've seen in the past include:

IBD @Houlihan Lokey An advisory group @Evercore A credit team @Carlyle Group IR @Blackstone Emerging markets @Lazard ...

The list goes on. Just reach out to contacts, make sure your resume is pristine, and don't be stupid. Good luck!

 

You're on the right track. I think most people would agree that the top five are Rothschild, Lazard, Greenhill, Evercore, and Perella Weinberg. (Yes, of course, Rothschild and Lazard are in a way so large that you can't really consider them to be boutiques.)

But what's the point in ranking the rest? There are just too many of them!

 

hmmmm.....I'd say the original list is too big. The top-ranked boutiques I think are:

Gleacher Centreview Evercore Perella Moelis Blackstone Lazard Rothschild Greenhill

I don't think Rohatyn Associates does anything anymore BC doesn't Felix Rohatyn now work for Lehman? I don't know enough about Sagent, Solomon, or Lexicon to comment on those three compared to the others.

Perella and Rothschild at least at Wharton from what I've seen are not regarded as highly as the others I've mentioned. Don't know about in-industry perception.

 
Warhawk_1:
Perella and Rothschild at least at Wharton from what I've seen are not regarded as highly as the others I've mentioned.

I would imagine people aren't so keen on Perella Weinberg because they just do a few big deals per year, whereas most junior people want high deal flow.

Also, the thing with Rothschild is they don't rank very highly in the US, but they do a lot of business in Europe etc (top 5 or so), which pulls up their worldwide rank somewhat...

...which just emphasizes that any ranking of investment banks will vary from continent to continent, making it even harder to come up with a "definitive" list.

 

Dude, I'm not ranking these at all, I don't agree with the ranking concept, I've just listed a load of non-BB firms :)

Lexicon are mostly familiar to UK/HK members of WSO I guess, but they are definitely a boutique and quite highly thought of. Probably not on a par with Greenhill/Evercore though

Rothschild don't seem to be as well regarded in the states, but they are playas in UK/Europe apparently, I mean check out how many deals they advised on last year...loads

 

'course there will never be a "definitive" list. All I want to do is create a thread so that people in the future can look at this and know if they have a firm that's good enough to be secure in taking it against a BB offer. Boutiques have so little transparency about which ones have good deal-flow and give you a good experience that it's ridiculous when a lot of people make FT or SA decisions.

 

dissent is good. people who disagree with these lists should blast out why and give their reasons, or give any new additions they would have. I don't think there should be a "definitive" BB or boutique list. But I think there should be an attempt at both to rank banks in terms of exit opps and deal experience, etc.

It'd be nice to have something that people could refer to in a thread instead of individually asking about a boutique every single time someone has a question.

 

In general, does it make a huge difference to be in an M&A group v. an industry (healthcare) group when looking to get recruited into PE/HF? Is there any significant difference in the skill set gained between these two types of groups?

For me, I am not as worried about getting one of the top PE/HF as I definitely want to start living a normal life in a specific geographic location (hopefully FL on the coast).

That said, what are some of the top HF/PE, if any, in FL?

 

Joefish - I didnt win I was just stating my opinon! I personally think it come down to what you class as a boutique!

In my opinion (which is probably worthless) a boutique or an advisory boutique solely provides IB advice. BX has the Asset Management arm, the PE and REPE arms etc etc.... ie a variety of different functions.

If you consider a Boutique to be simply a small firm in comparison to BB that offers IB services then of course BX, HLHZ, LAZ, ROTHS etc etc could be classed as boutiques.

Hawkpoint is definitely a Boutique firm. It focuses on the Mid - small cap firms and is apparently a great learning ground as an analyst.

I wonder are there any Industry specific boutiques in London?.

 
plus1:
In my opinion (which is probably worthless) a boutique or an advisory boutique solely provides IB advice. BX has the Asset Management arm, the PE and REPE arms etc etc.... ie a variety of different functions.

hrmmm... in that case, can either Moelis or Greenhill be classified as boutiques, given that both have merchant banking / PE arms? just a thought.

 

Good point, I'm guessing there is no definitive line of this matter (hence the title of this thread!)

Lazard don't like to be referred to as a boutique, I seem to remember a presentation on their website emphasising the stark differences between Laz and its boutique competitors.

There are bound to be a couple of industry-specific boutiques in London, can't think of any off the top of my head though..

 

lol I find that really funny. But maybe they perceive "Boutique" as an inferior term! ie small time......and not just smaller in size. Or specialized. They should design a new slogan......anyone have any ideas what it should be????

LAZARD -> "Not considered a BB, Certainly not a MM and definitely not a Boutique - we are Just unique"

lets hear em.....

 

I would state NO but then i reiterate - my opinion may be worthless!

I would consider a boutique to be a pure M&A / Restructuring house - it has no other main functions such as trading / asset management and certainly has no underwriting or financing capabilities...i.e. a pure advisory firm.

I would consider the likes of Greenhill, Lazard, BX etc to be TOP tier Investment Banking services firms - providing a range of investment advice and opportunities. Just not considered as a BB.

OF COURSE THIS IS ENTIRELY SUBJECTIVE -> I know there will be many comments opposing my position and thoughts lol!

 

The link appears to be broken. I have tried a Google search but to no avail. Can someone please provide me with an updated link? I'm applying for IB Analyst Internships soon...I'd greatly appreciate the help. Thanks in advance.

 

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