Small investment banks in new york focus on a wide range of sectors. This allows them to provide services to investors who have diversified business interests.
They also care about their people, which makes for a happy work environment. They offer excellent training and mentoring programs, internal mobility options, and a great work/life balance.
Allen & Company
If you want a job in New York, but don’t necessarily want to work for a large, established firm, Allen & Company is the place to go. Founded in 1922, the firm’s primary focus is media, technology and other innovative industries.
It has an enviable reputation for close, confidential work with some of the world’s biggest names in business. It also has an extensive client list, many of whom are in the media and technology sectors.
The Allen family is a well-known and venerable name in the financial world. Herbert Allen III, the grandson of founder Charles Allen, runs the firm.
Herb Allen has taken a number of steps to ensure the firm remains competitive and offers a good career path for young bankers. For one, he’s been putting 5% of advisory fees and underwriting dollars into a bonus pool for the firm’s younger bankers.
Another is to make sure the firm’s KPIs and OKRs are clearly understood by all employees. That’s a critical step for the firm to succeed.
Allen & Company doesn’t have a website or press releases, but it has an impressive list of public figures on its Managing Directors, including former CIA director George Tenet and senator Bill Bradley. The firm is also known for its annual Sun Valley conference, which draws big-name investors from the media and financial worlds.
William Blair
William Blair is a small investment bank with offices around the world. It is a leader in investment banking, asset management, and private wealth management. Its clients include corporations, financial sponsors, and owner/entrepreneurs.
The firm specializes in mergers and acquisitions, corporate recapitalizations, fairness opinions, leveraged buyout transactions, and more. It caters to industries such as consumer and retail, financial services, energy, healthcare, manufacturing, industrials, and technology sectors.
In addition, the firm offers a range of advisory services including debt capital markets, equity research, private wealth management, and institutional and private brokerage. It has offices in over twenty cities worldwide, and its clients are located across the world.
The company is focused on building a culture of collaboration and fostering an open environment. Its internship program is great for aspiring junior bankers, as they get to work on live deals with senior bankers and clients, and it has a strong mentoring program for full-time employees.
Evercore
If you’re interested in working for a small investment bank in New York, Evercore may be the right fit. The company’s global reach and expertise allow it to provide superior results for clients, whether they are large corporations or privately held companies.
Evercore specializes in mergers and acquisitions, strategic shareholder advisory, capital markets advisory, and restructurings. It also offers equity research, equity sales and agency trading execution.
Founded in 1995, Evercore provides financial advisory services to help boards of directors, management teams, and shareholders achieve superior results. Its mergers and acquisitions group has advised on more than $1.5 trillion of transactions in its history.
While most M&A firms are facing tougher economic times, Evercore has seen an improvement in its performance. Even as investment banking revenues dropped by 38% this year, the firm was able to grow revenue and earnings at a 15% CAGR over the past five years.
The firm’s founder Roger Altman said in a recent interview that persuading corporations to trust smaller merger advisers used to be “damn hard.” Now, virtually no large corporation would question the hiring of a smaller firm for its advisory business. Despite the challenges, Evercore has a solid reputation in the market and a solid base of long-term clients.
Greenhill
Greenhill is one of the few boutique investment banks that has been able to gain a foothold on Wall Street. They specialize in mergers and acquisitions, restructurings, financing and capital raising.
Founded in 1996, Greenhill competes against other M&A specialists like Houlihan Lokey and Evercore Partners, as well as financial conglomerates such as JPMorgan, Goldman Sachs and Morgan Stanley.
The firm provides its services in a wide range of sectors including industrial, financial services, energy, utilities and infrastructure, technology and consumer. In addition to its US presence, it has offices in Europe and Asia.
Hiring has been strong at Greenhill, with the bank adding 10 to 15 managing directors in 2017, according to Credit Suisse analyst Ashley Serrao. That’s in line with a firmwide hiring strategy that focuses on growth in the US and abroad.
The culture at Greenhill is positive and supportive, promoting creativity, work/life balance, respect, and fun. The firm is also very focused on diversity and inclusion. It has active networking groups for women, LGBTQ+ individuals, and veterans.
Jefferies
Jefferies, headquartered in New York City, is an independent investment banking firm that provides financial services and products. The company offers capital markets, financial advisory, institutional brokerage, securities research and asset management services to clients around the world.
While it operates a number of different businesses, including a merchant banking portfolio, Jefferies’ primary focus is on its investment banking business. It also runs a separate assets management business that is expanding rapidly, but it still hasn’t reached the same levels as the investment banking unit.
The bank has a strong emphasis on diversity and inclusion. It’s known for fostering careers for LGBTQ+ individuals, people of color, refugees, and women. It also has active employee network groups that encourage staff to volunteer.
It’s also a good place to start if you’re interested in a career in finance. Its internships are a great learning experience, and full-time junior bankers can take on responsibility with a supportive team of experienced bankers.
Barclays is a prestigious Wall Street firm with a global presence. Its investment banking and capital markets units work on a wide variety of high-profile deals. It also has a strong retail banking division and serves 48 million clients worldwide. It champions diversity, inclusion, innovation, and sustainability.
LionTree
LionTree Advisors is a small investment bank in New York that specializes in industries related to technology, media, and telecommunications. It was founded in 2012 by Aryeh Bourkoff and Ehren Stenzler. It has offices in San Francisco, London, and Paris.
LionTree offers services including investment banking, mergers and acquisitions, and capital raising. Its clients include technology, healthcare, retail, transportation, and media organizations.
The firm is led by CEO Aryeh Bourkoff. He has over 13 years of experience in investment banking and is a former executive at UBS.
As the head of a specialized M&A team, Bourkoff closes some of the world’s most prominent media and entertainment transactions. He has worked on deals such as Simon & Schuster to Penguin Random House, Serial to the New York Times, and Stitcher to SiriusXM.
He also launched his own company, Kindred Media, which offers digital media, advisory, and investment services. The company has a portfolio of digital properties, including a podcast network, a digital music platform, and an audiobook distribution platform.
The company also has a strong commitment to diversity and inclusion, with active networking groups for women, LGBTQ+ individuals, traditionally underrepresented minorities, and veterans. Its culture is focused on fostering the next generation of financial professionals and helping them build careers in finance.
Moelis
Small investment banks in New York have seen significant gains over the past few years. The reason for this is largely related to the fact that many independent firms are winning roles on big deals, such as Saudi Arabian state oil giant Aramco’s $2 trillion IPO.
Among the boutique firms, Moelis & Company stands out. It offers excellent training, senior-banker exposure for interns and junior bankers, and an inclusive culture that prioritizes diversity recruiting and mentorship. It also offers networking groups for women, Black and Latino employees, and veterans.
Moelis & Company also offers a unique leadership development program for its most senior managers, which includes experiential learning exercises and one-on-one coaching sessions. This initiative, called the Wharton Leadership Challenge, is part of the firm’s goal to cultivate strong leaders that can serve as a source of strategic guidance for the business.
In addition to its M&A business, Moelis & Company provides restructuring advisory services, which can provide investors with some protection against weak macroeconomic conditions. Its restructuring business has been ranked among the top restructuring advisors and can help companies that have fallen on hard times to recover and thrive again.
