Did I miss the boat or what?
So... I converted my SA offer to FT at a BB think (CS/Barcap) and didn't think twice about recruiting FT really... but now I hear from an alum that his elite boutique (Laz/PWP/Evercore) is looking for an immediate fill for a very good group. I'm positive I could get an interview given my contact with him but... I don't want to do anything stupid since I signed kinda early but this is a really good thing that's making me think twice. I probably won't go through with it but I'm curious if I by not doing anything I'm missing the boat and taking a huge hit in terms of opportunity cost by passing up this interview...
thoughts?
Do it, it's worth it coming from an analyst at second tier BB
Do it. Get your's and don't look back, cause thats what they'll do to you.
Take it, but make sure that there is a really good connection and that it is the group that you want for your L-T goals.
If you liked your SA stint then I would think twice if the elite firm is Lazard - I've read terrible things about the firm on these forums. I don't think it's such a cut and dry decision like the people above me. You may regret switching and you might get fucked if you renege. Just be careful is all.
I think reneging would be a pretty unprofessional move this late in the game. You might burn some bridges for yourself later on and for future candidates from your school.
Does the boutique know that you already signed an offer? I can't imagine that they'd be OK with helping you to renege on another firm.
Your exit opps would be just fine from CS or Barcap unless you're looking at megafunds (and even then nothing's impossible). Unless the idea of a boutique appeals to you, I really wouldn't turn down the BB offer (I don't consider CS a second-tier BB). A BB comes with opportunites for international transfers down the line, a great brand name for exits to corp dev. etc. and worldwide recognition.
I would burn bridges but if it's not a biggie if I never work there again b/c there are other places I'd work. pretty sure the boutique wouldn't like it if I reneged. and yes I am concerned about having a shot at a megafund but given the bridge burning and possibility of getting fired from the boutique if I don't tell them... I'm inclined to just forget it.
I'm just concerned that it's a really critical moment right this second that I do something or else my exit opps will ever be as good. Kind of like how you better recruit through OCR because when you graduate your chances of interviews go WAY down.
I'm on the fence about this because I think a top MBA > Associate > VP > and then PE jump.. no biggie but it's a long road where more things can go wrong...
btw, what about corp dev. is that just for bankers looking for more lifestyle balance and less dough?
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