Hf distressed vs ib
I have two offers hf distressed 400m and citi ib (europe) both for analyst.
Which one should I choose?
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Ah, the classic dilemma of choosing between offers! It's like choosing between bananas and apples, both have their own appeal.
If your ultimate goal is buy-side research/AM/HF, as mentioned in the WSO Dataset, then the HF distressed offer might align more closely with your career aspirations. It could provide you with direct experience in the field you're interested in.
On the other hand, Citi IB could offer a broader experience and a larger network due to its size and reputation. It's worth noting that Citi is considered "mid-tier" in IB, as their practice is relatively new, but they are still highly regarded.
Remember, it's not just about the company or the role, but also about where you see yourself in the future. Consider the skills you'll gain, the people you'll meet, and the doors each opportunity could open for you.
In the end, the choice is yours, my friend. Just like choosing between a banana and an apple, it's all about your taste!
Sources: MS ER vs Citi Markets SA - London, Citi vs CS vs Barclays for IB, JEF Houston vs. Citi Houston, Full time offers: M&A Citi/Credit Suisse London vs IB Barclays/HSBC Dubai
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Considering that FT offers at Citi were given in Sep/Oct, I assume that you are thinking about reneging?
Just thinking in terms of careers
Depends on your personal preferences. Are you certain about distressed? How important are, job security, career prospect and prestige to you?
For me, it would be a no-brainer. Citi gives you more career prospects, guarantees lots of learning opportunities and you can exit to way larger funds. <1bn is not that large in Europe
U should consider that 90% of hf distressed fund are below 1 bn, who gives me job security at citi ? They are firing a lot of employees (and the same in other banks)
You should be safe until you hit your 1st year mark
Again: it depends on your personal preferences. It seems to me that you want someone to recommend the HF - it is probably what you want to do. So do it.
But don't base your decision on false arguments and assumptions. Citi is the safer option. Just imagine Citi puts you on the street after two years. You'd have a broad skillset, applicable to hundreds of jobs in countless fields. Continue banking, switch to CorpDev, PE, PD, DD, SS, RE, ...
At the distressed HF, the skills you learn are very specific. It'd be difficult for you to apply them in other companies, let alone in other industries. Additionally, your education strongly depends on your team's willingness to teach you. Is the HF's reputation good enough that you're not worried about training and career opportunities? Are you sure enough that you want to stay in the distressed space?
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