Deciding Between Offers! Help!
I have two offers and need to decide fast! A bit about my background, I did S&T for my summer internship and now secured a Full Time Sales role in Fixed Income for a smaller bank comparable in size to RBS, RBC, Nomura, CIBC and etc. The other offer is for a BB in its Commodities Credit Risk group on the trading floor and working with traders. I interviewed with one of the Commodities Traders and he liked my resume/background and wanted to see if there was an opening on the Trading desk, but unlikely at this point. His advice was that I do Credit Risk for a year or two and with some good amount of networking, I can move into the Commodities Trading desk. His advice was that it would be difficult to move from the smaller bank's front office group to the BB's front office group. I don't know what to believe as I know it's generally difficult to move from MO to FO, but now I'm hearing that even the leap from a smaller tier to larger tier bank is difficult. I've already had to haul a** from my non-target background to even secure this FO role and I'm afraid to not take the opportunity and regret it later when I can't move from MO to FO at the BB. My dream career is working in S&T but I also like Commodities as I may want to one day move into that industry and be a Commodities Trader. Thoughts, opinions, suggestions? Any advice will be helpful.
Thanks
RBS, RBC, Nomura, CIBC aren't that small.... why do you care so much about a BB sized place to work?
Dream career you said is S&T, you have an offer for S&T... whats the issue?
Seconded
I don't care so much about the size of the bank, but it would be nice to one day move to somewhere larger and I don't want to be blocked off from making that move. The BB asked about my other offer and a number of my interviewers told me I can move that I should consider the Company then focus on the group I want to work for. Again the Commodities aspect is what's attracting me to the BB. I just want as many perspectives as I can before I make a final decision.
Do you want to be a salesperson or a trader. Answer that and you answer which job you should take. Also, realize that you WILL be a salesperson at one job, you might be a trader at another....take that into consideration.
I feel that my skill set and interests are more towards trading but I don't really care at this point as I want to be in a market orientated role. The S&T role could end up turning into a Trading role as some of my interviewers hinted at that depending on how I network.
I was alarmed until you said commodities, not sure about BBs but this is the way to go in the trading houses. The young guys are placed in credit/finance/risk to learn the business and if successful move into the 'front office'. I'd go with the BB.
It's very simple, the interviewers at the BB will try to sell you on the brand, the interviewers at the MM would have sold you on the FO aspect of their offer if you'd asked them. Don't forget that both banks want to hire you and will spin things in their favor.
Is the commodities desk at the BB trading paper or physical? Your chance of making the move into trading is better if they trade physical but many banks still prefer to hire physical traders from elsewhere rather than training them up internally.
Take the sales job if you'd imagine yourself being happy & succcessful in a sales position, sales people do move into trading occassionally but it's more often the other way around.Go for the BB if they are trading physical commodities and you are okay with potentially never moving into trading.
Thanks a lot for that info and yes the BB does trade physical. Also why do you say my chances would be higher to move into trading if they trade physical? I know that's usually true at a place like BP or Shell, but from my personal experience, banks don't allow much opportunity for mobility.
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