Mulling over two potential offers and don't really know which would be better from a career perspective.
Offer A: Second year analyst on a BB Analyst Training Program. I have been told that I will most likely be placed in FIG as I have previous experience in this area.
Offer B: Analyst in a small cap (c. $3bn AUM) investment fund focused exclusively on the insurance sector.
I feel that FIG IBD would most likely mean my exit opportunities would be Offer B type funds anyway, however I think the BB brand name could provide more flexibility down the road.
bump
BB for sure
Could you elaborate on why?
I eventually want to be on the buy side so I thought the small cap fund would be a better place to start?
If you want to be on the buy side, go buy side? What's the additional road stop for? If you got the offers, I don't doubt you got the skills
It's more that from what people say here the BB offer would give me more options down the road and provide a pedigree that a relatively small fund (sub $5bn), albeit quite well known in its industry, wouldn't necessarily be able to.
For example I eventually want to work in TMT in corporate development or another strategic managerial role.
I'm also interested in tech focused PE/VC as well.
I realise my chances are pretty thin with both offers but am I more likely to achieve this goal working in:
BB FIG (multiple products - M&A, LevFin, ECM, etc)
Buy side M&A insurance focused investment fund?
is this a HF or a mutual fund? $5bn is a large hedge fund...
i would take the BB offer if they do fintech/something EBITDA-driven under the FIG group and do your best focus on that subsector just because you know you want to do TMT.
fund focused exclusively on insurance sounds a little too narrow and constricting...
Go BB, insurance will pigeonhole you. At least at a BB if you do end up in FIG you could try lateraling to other groups.
Risk is that 3 years down the line I am stuck in an Associate position, struggling to get on the buy side and regretting the fact I did not taking the Insurance opportunity.
I'll have almost 4 years post grad experience (at a Big 4 firm) by the time I join as a 2nd year analyst so I'll likely have almost 6 years (all of which would have been in FIG) experience by the time I try looking at PE/HF/Investment Managers. Couple that with trying to get a transfer and that probably adds another year on so 7. Would I still be marketable to a non FIG buy-side fund at this stage?
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