Investment Banks in Boston

Publication Date :

07 Sep, 2018

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Table Of Contents

Overview

Boston's banking has separated itself by providing specific value to the targeted customers and being indispensable with broad industry expertise.

Here are the few key features of the investment banking market in Boston –

The hub for finance careers: If you’re assuming to complete your education and start a career in finance, especially investment banking, Boston should be the best target you should have. Boston lies among the top 10 cities in the US to have a lucrative banking career.
Huge volume in transactions: Boston is the dreamland for top asset management companies. The top two asset management companies manage over $2.5 trillion worth of assets and investments in Boston. That’s why Boston is often called the financial district.
Birthplace of the mutual fund industry: Another feather on the hat is the mutual fund industry in Boston. It is said that Boston is the birthplace of the mutual fund industry. Plus, the city is so well-structured that it is greatly suited for finance professionals to live, learn, and reach out to any thought-leader and influencer.

Overview

Services Offered

As you can guess, the investment banks in Boston offer a plethora of customized services to their customers.

Let’s have a look at the top investment banking services these banks offer –

Sell-side advisory: Since many investment banks focus on the middle market, one of the services that stand out is sell-side advisory. These banks in Boston take a focused look at the market and offer customized value to their clients. Understanding the clients' requirements to offer indicative valuation and helping clients realize the options for leverage are the key strengths of the investment banks.
Capital Raising: These investment banks help companies raise capital. The capital can be in any form of debt, e.g., senior debt private equity, mezzanine debt, management buyouts, etc.
Strategic Advisory: As the investment banks are focusing solely on the clients' requirements, they offer several services in regards to providing strategic alternatives, capacity analysis of debt, analyzing liquidity options, and finding out the strategic framework for maximization of shareholders’ value.
M&A Advisory: The investment banks specialize in offering M&A advisory to their esteemed clients. A lot goes into the M&A advisory, from an acquisition search to doing the due diligence to executing the valuation analysis; a lot goes into the M&A advisory.

List of Top Investment Banks in Boston

Here are the top investment banks in the financial hub, Boston –

Provident Healthcare Partners: It is one of Boston's fastest and most rapidly growing boutique investment banks. The main focus of this investment bank is on the healthcare industry.
Lexbridge International: The primary focus of this investment bank is on mergers and acquisitions advisory.
Capstone Partners: Capstone Partners cater to the needs of the middle market business owners. This bank serves the corporate finance requirements of the company owners.
Consilium Partners LLC: This investment bank was established in the year 2000. The main focus of this bank in Boston is to provide mergers and acquisition advisory and capital raising opportunities to the emerging and middle markets.
MHT Partners: This is another top-notch investment banking firm situated in Boston. The intensity and the level of focus they bring in every transaction are unparalleled.
Tully & Holland, Inc.: Tully & Holland, Inc. is one of the top-tier investment banks in Boston. Their main focus is on the financial advisory that caters to the consumer sector.
Lockebridge, LLC: The main focus of this top-notch investment bank is providing seasoned domestic and international advisory to the business owners of the lower middle market.

Investment Bank Recruitment Process in Boston

Since Boston is considered the financial hub, the recruitment process is also very dynamic and varies according to the investment bank's value system and focus of work.

The typical recruitment process in Boston is as follows –

Top-notch institute is preferred: As you can expect if you have studied in top-notch institutes in the US or the world, you will get easy access to the investment banking market in the Boston area.
Relevant experience is encouraged: Along with that, you should have relevant experience. The ideal way to deal with this is to do a couple of internships in the investment banking domain after completing your education to show forth the relevant experience and the learning curve you have.
A lot depends on the recommendation: Since the whole financial industry is closely knitted, you'll be given preference over others if you are recommended by a top-notch executive or a partner of an investment bank.
The candidate needs to gel well with the team: A lot of value is given to the dream team and individual contribution. That’s why if you have a great education and great experience, but you fail to gel well with the existing team, you won't be the right fit for the bank. A lot also depends on how you approach the new environment and other team members in the investment bank.

Culture

A lot of emphasis is given to the culture of the investment banks. Here are the key features of the typical culture of investment banks in Boston –

Small teams: Investment banks deliberately encourage building smaller teams to reduce friction and increase accessibility. As a result, the team works as a unit and achieves the most cherished dreams of the respective clients of the banks.
Open access to senior partners: If you, as a newcomer, want to know something that only a senior partner can answer, you’re more than welcome to ask them in most of the investment banking firms in Boston.
Cross-border deals: Teams at the investment banks are encouraged to work more on cross-border deals. It increases the skill-set and also helps gel with all kinds of people.
Customer-focus: Almost all the investment banks in Boston have an unrelenting passion and intensity to fulfill the desires of their clients, and most of the banks relentlessly adhere to this sort of customer-centricity.

Investment Banking Salaries in Boston

As mentioned by Zip Recruiter, the average salary of investment banking analysts in Boston is $86,227 per year, which is by no means a small amount.

Exit Opportunities

If you would like to leave a lucrative career in investment banking due to stress or unfulfillment, you can choose to work in private equity or as a consultant.