A&M FDD vs boutique IB? Which offers better long run compensation and exit ops?

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Is this really a question?

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Yeah that’s why I asked it

IB, not even a question.

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Boutique IB for both.

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Probably comparable comp at that point. But exit opp will still probably be better for the lmm IB.

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If we’re referring to lower MM/Regional banks I guess it’s debatable, but IB is still IB and you can then always jump to a larger bank. Pay is probably also at least on par with A&M FDD if not more.

Comp: regional IB >= A&M FDD
Exit Ops: regional IB > A&M FDD

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Thank you! Definitely referring to a LMM regional boutique. Figured it might be a close debate.

The third option is PE! Less burn rate, good pay, and great exit opportunities. IB can be very well compensated but depends how comfortable you are selling your soul for the best years of your life to be in a boiler room. Nothing special about A&M, you’re better off doing FDD at Big 4 IMHO

True, although I’ve seen MBA / Graduate level to analyst PE type of roles. There’s over 4K PEs. Can aim for lower AUM / newer PEs.

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