Tier 1 M&A advisory as a non-target

I was fortunate enough to be offered a spot at a tier 1 IB as a new analyst. My original plan was to complete a top MSc (I am already admitted) and then start working as an analyst next year. However, now I was offered this job out of nowhere and I'm wondering how much the lack of a brand name university on my resume will hurt me in the long term (promotions, pay, opportunities in the future). All the other analysts attended top universities fyi. I previously interned with the team and they are just great and I guess they really liked me as well. Hence, I'm inclined to accept the position instead of loading up a lot of debt and recruit again after the top MSc program. This is for Europe fyi.
Thanks for your opinions and experiences!

 

Taking the job is the least risky route, you've not got much to gain by going to the business school if your end goal is the same sort of position (at least when leaving school), given that you said 'tier 1' there may be only 1 or 2 better firms than yours. Seems silly to line up another 30k+ in debt for the same goal.

Offshore liffe
 

Take the job. The main purpose of an Msc is to give you a better shot at recruiting if you can't get a job with your undergrad. This is a non-issue for you. Do good work and if you really want a name-brand school on your resume, get an MBA after 2-3 years at a top school. Its market value will be significantly higher, and you will be able to aim for even better schools with the Tier 1 firm on your resume. Best of luck and congratulations!

 

I'll tell you a secret. Typically the Ivy League invesment firms recruit mostly from Ivy League colleges and people who are Ivy League related but attended another top tier college (because not everyone can attend an Ivy League by the force of demographics). But an Investment Banker taught me a mind opening fact which was not inutitively clear before this person admonished its truth. Every city and town in America which is incorporated is underwritten and funded with capital by an Investment Bank or Capital Asset Management firm. That being said, every university produces its own investment bankers and there is an attached investment bank to every university. If you are embarrassed about not attending an Ivy League, try pursuing your career through your university or your university alumni association, or general working alumni graduates who can help you with opening doors. Its the same game between all universities, and its the same game outside of the Ivy walls as it is inside the Ivy League system.

 

So go for it if you want it, and it sounds like the position is something you acquired by virtue of your Bachelor's degree. But if want that Master's of Science (I am presuming it is MSc Finance), you probably want to "get own it" because when you start making money you'll shelve the Master's degree aspirations.

 

I do get what you're saying but I honestly think taking the job is the absolute best decision. If your school name starts holding you back from opportunities in the future then that'll be a great time to head somewhere like Oxbridge, LBS, or INSEAD for one of their masters programs.

Most people attend these just to get to where you already are with your tier 1 offer so I'd consider that before passing up on such a great opportunity for something that you can always go back & get later.

 

Do you have a solid GPA, extra curriculars, etc.? How non-target are we talking?

I can think of very few situations where it would make sense to do the MSc. You go to school to get the job, which you already have. Your undergrad will play less of a role the further out you get, and you can always go get an MBA 4-5 years down the road.

"For I am a sinner in the hands of an angry God. Bloody Mary full of vodka, blessed are you among cocktails. Pray for me now and at the hour of my death, which I hope is soon. Amen."
 
Best Response

I have a strong GPA, some extra curriculars (nothing spectacular though), and a number of excellent brand-name internships. Regarding the university: When looking for the university on Linkedin in connection with some investment banking related jobs, hits will be nearly non-existent. And I have yet to see someone from this university who is at a solid PE / HF / VC. No banks are coming to recruit on campus, so it's definitely a real non-target.

As I've said before, I was admitted to a top Master's degree in Europe but that doesn't guarantee me a comparable job after graduation, especially since recruiting is mostly done via return offers from internships. Hence, I might risk landing a mediocre job or landing a job with a group with an awful culture. I know the group I will be placed in when accepting the job and their culture is probably one of the best in banking, so that's a point in favour of taking the job as well.

You guys might be right to just take the job and then think about a Master/MBA after some years of experience. The issue is, top MBAs are ridiculously expensive and they are not as important in London / Europe as they are in the US. Maybe something like a post-experience MFin such as the LBS program might be suitable..

Again, thanks for your help. I appreciate all your comments.

 

Please take the job. Sure, there isn't a path for you to follow because your fellow alumni haven't forged it for you but, someone has to be the first. And sure, there will always be snobs that look down on your uni, but do you want to work for them anyway. If you're smart and good at your job, you'll be fine.

"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
 

Take the job. I was in your position just a few weeks back and I rejected a top tier MSF to get a job at a MM firm let alone Tier 1 IB. You can always do charitable work, find interesting jobs etc to firm up your MBA applications. If you get 3-4 years at brand name firms, build out your ECs in a creative manner, devote yourself to a cause you care about outside of work, kill the GMAT, network and kill it at your job, your chances of a top MBA increase greatly. At that point, your UG will be a tiny data point that won't really affect your chances elsewhere.

 

OP, School is also less revelevant in Europe than in the US. I guarantee a top brand on your CV workwise and a good reference is 1000% more important than your school. Once your two years out no one really cares the same way in europe about where you went to school (speaking as a european!)

If the job is what you would be shooting for post Msc it is an absolute no brainer. You have to remember that Msc's are also not that important in most places in Europe, and thats coming from someone who has one.

 

Wow, thanks for all the answers. This is some incredible advice and I'm quite surprised (but happy tbh) that everyone recommends taking the job. I was under the impression that people in finance are really obsessed with names and prestige which made me thinking. However, I've talked to analysts in the group, a more senior banker from one of my previous internships, a few other people and now you guys, and nearly everyone said "take the job". I will think this through one last time today and on Sunday and will call them on Monday to take it. Thank you again!

 

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