When your passive income is greater than your active income

[AAAgent]

Bulge bracket. Smaller firms like the one i joined after my Big 4 stint allow for greater levels of responsibility, so yes I was specifically sitting down with CEOs and business owners and advising them on transactions.

You're just trying to get personal now as you've lost the argument. Like I said bro, I don't really care if you think you're right. If it works for you well done.

Not getting personal. Just stating the truth. Common knowledge that anyone under VP level are grunts. Sitting in a room while your superiors have a conversation is not advising.

https://www.wallstreetoasis.com/forums/ama-boutique-investment-banking-analyst

Here's a boutique investment banking AMA.

"Yes I am in the office all the time. I do the same work I did at a BB just for a smaller company. I think its the same everywhere for analysts. You sit there all day and someone senior brings you some work to do. Just the nature of the business I guess.
Just because there a fewer employees doesn't mean that management is going to put a kid with one year of experience in front of a client. I would definitely look like I have no idea what I'm talking about.
That all being said, at much smaller boutiques(think only an MD, a VP, and an analyst), I could imagine analysts travel to the clients as well. Those firms tend to focus on one deal at a time and can afford to have their entire staff at the client. I am normally working on multiple things for multiple people at once so it makes no sense to have me travel."

I'm not here to debate about M&A/banking all day and i've laid out multiple sources that are common knowledge. If you did "advise" clients as an analyst level, then more power to you. Not even sure why you left banking since the salaries are so good and deal volumes have hit peak levels again. It's obviously not the norm for an analyst to be meeting with clients, even on the boutique level, let alone "advise" clients a handful of years into their banking career.

 

[BeTheChange]

Not getting personal. Just stating the truth. Common knowledge that anyone under VP level are grunts. Sitting in a room while your superiors have a conversation is not advising.

https://www.wallstreetoasis.com/forums/ama-boutique-investment-banking-analyst

Here's a boutique investment banking AMA.

"Yes I am in the office all the time. I do the same work I did at a BB just for a smaller company. I think its the same everywhere for analysts. You sit there all day and someone senior brings you some work to do. Just the nature of the business I guess.
Just because there a fewer employees doesn't mean that management is going to put a kid with one year of experience in front of a client. I would definitely look like I have no idea what I'm talking about.
That all being said, at much smaller boutiques(think only an MD, a VP, and an analyst), I could imagine analysts travel to the clients as well. Those firms tend to focus on one deal at a time and can afford to have their entire staff at the client. I am normally working on multiple things for multiple people at once so it makes no sense to have me travel."

I'm not here to debate about M&A/banking all day and i've laid out multiple sources that are common knowledge. If you did "advise" clients as an analyst level, then more power to you. Not even sure why you left banking since the salaries are so good and deal volumes have hit peak levels again. It's obviously not the norm for an analyst to be meeting with clients, even on the boutique level, let alone "advise" clients a handful of years into their banking career.

More normal than you'd think. My own experiences confirm that. Left as it didn't seem possible for me to get into PE directly and the salary and promotional opportunities at a boutique didn't justify the hours. I was also interested in media at the time this my current role at a Fortune 500 Media conglomerate.

However came to realise that I love companies and investing is where I see myself long term. Thus the road to developing a net worth and contact list that allows me to either invest in small businesses on my own or with other people's funds.