Which opportunity would provide the best exit opportunities?
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Is your BB internal transfer friendly? Commercial banking is not too far from IB and I don't think it'd be impossible to lateral to IB, or certainly at least corp banking, in years 2/3. And then you're at BB IB and not a teeny boutique that doesn't exit anywhere.
Usually the IB job is always the best option, but no one really goes from Carl Marks to name brand BB/EB/MM without a stop in the middle at a more reputable boutique. Might take you far more time to climb back up the ladder.
A $10k pay raise for probably double COL, far worse hours, and not a really clear path to a good IB job is not worth it to me. I would stay where you are, you're only a first year so it's not like you need to get out now. If you get a better IB offer take that, or wait until you can lateral internally.
Also, curious if you could elaborate on why it is difficult to exit from Carl Marks M&A to a better IB shop (MM, BB, etc)? Is there no deal flow or the work fundamentally different from traditional IB?
GS is not transfer friendly, MS is middle of the road, JPM is pretty transfer friendly. You usually have to wait at least a year, likely 2 years to go to something like IB. Also market dependent - IB is not hiring right now but that likely won't stay that way forever
The work is similar but Carl Marks is very small and not well-regarded, so you won't get much traction at MM/BB type firms. You'd likely have to lateral up to a larger boutique / regional boutique first.
Again, my 2 cents - this is not a once in a lifetime offer, you will find many more junky boutique offers if you want them in a few months. Stick around with a good training program and see if you can lateral either internally or to a MM. Seems like a better path than a total no name boutique
If this is JPM I would probably stay.
Is Carl Marks M&A not legit or has crappy exits (w.g., no one goes to anywhere decent from there, etc)?
Thanks!
Within my network people have moved from their CIB program to other internal opportunities before. Though it may not be easy it gives you more options than a small bank which requires relocation during a time period where the market is already in contraction. If it is another BB I don't have the direct knowledge to comment.
Giving MMBSI vibes.
Karl Marx is an odd name i would avoid just for that
Carl Marks used to have Pinpoint Partners recruit for them. That says a lot lol
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