Help! Full Offer decision between Credit Suisse IB and Allianz Global Investors Graduate Programme
Hello,
I am in my last year of uni and I have full time offers from both CS IB and the Allianz Global Investors. The offer from CS is not for financial sponsors or leveraged finance, the offer from AGI involves two years of rotations which I will try to make as much equities focused as possible (as opposed to infra, macro, credit, etc) as I want to end up there at the end of the two years. Which offer should I take given my objective of getting into a reputable Long/Short Equity hedge fund? IB would make me better at Excel and could be a more standard route however analyst classes are huge and it is difficult to stand out. AGI is a rare opportunity to start in the buy side (albeit as long only mainly, apart from a small internal hedge fund in Frankfurt I could do a rotation in) and get relevant equity investing experience, I would be only one out of three graduates in the London office and in general asset managers have super small classes so there would be less competition when compared to banking. The downside is that it is less of an established path. What would you suggest? What is better to break into Long/Short Equity? Please do not comment saying go for banking as you could do PE after. I have no interest in PE and I am absolute dead set on L/S equity hedge funds.
I should add, both offers are in London
Hard to say - Did you contact recruiters?
Hey, I did contact them but few have responded and they are divided. I do not know which to choose!
Did you try contact former employees?
Another question I have is how important is networking for hedge funds? Being at AGI would allow me to leave much earlier and have weekends off enabling me to apply for HFs and cold call and cold email lots of people. Is that useful or is all HF recruiting done through headhunters?
Additional info: -AGI AUM is over 500bn -Base is similar but I immagine IB bonus will be higher (although pay per hour probably much higher for AGI, at least for the first 3 years of the career) -Background about myself: French student with IB summer internship at a lower tier BB BB (UBS, Barclays, HSBC) (this year) and a sales and trading internship at BAML/Citi (2 years ago). Bachelor in France plus master at a target in the U.K.
Jesus, you're seriously bumping this thread every couple of minutes?
Seriously think about how you worded this post - shitting on your own work experience at a BB, shitting on AGI's brand, and then the horrible hours and non-target groups from CS, the bank giving you an offer?
What makes you dead set on L/S equity hedge funds? What are your biggest concerns personally with both of your two options?
I did not mean to shit on anything. Both are two are absolutely GREAT offers and I am so glad I have them. However, since both are great I do not know which one to choose. That is why I needed help. I just wanted to b humble and try to let everyone see the pros and cons of each expert. I am dead set on L/S Equity because I had a short internship at a small L/S hedge fund in Paris and loved it there. I like investing and I think Long/Short is more dynamic than long only and would suit my personality more as well as my background in mathematics. Which offer would you suggest I take? I am sorry for kissing everyone off, I have never posted here and a friend of mine told me it is normal to put random messages to get some responses. Now that I see the reaction I want to apologize.
i understand your reaction and reading back I regret what I did. However, I am stuck and do not know what to choose. Any help? I think the fact that I am a native French speaker would be useful in banking to get ranked top bucket so maybe that makes CS a better option? What do you think I should choose?
What group in IB is the CS offer for?
Cannot day, sorry
Are you really going to make a very important life decision based on an opinion from an anonymous poster on a Wall Street forum?
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