Advice on Choosing Offers
Hi all,
I am currently in a position where I am choosing from some offers, and I would like some advice from the community to help me decide which one would be the best to choose.
The first offer is for an analyst position at a PE Fund of Funds that has over $18 billion AUM and seems to be well-established within the fund of funds space.
The second place is a fairly newly established investment firm that focuses on the acquisition and rehabilitation of non-performing mortgages, and my position there would be as a "Sales and Trading Analyst" within the group. I am not too sure about what I would be doing here, but I was told it would be fairly quant. focused.
The third place is for a corporate banking analyst position in one of the large cap banks (think JPM, Citi, etc.).
I was wondering if anyone has insight into each of these positions and what I would be doing. The sslaries all seem to range from anywhere between 50K-55K, so I guess the pay is not that big of a factor. I am more interested in doing quantitative work and things that would be interesting to me. If anyone that has experience with any of these lines of work, any insight would be greatly appreciated. Thanks!
that 2nd position sounds very interesting, esp given that you want to do quantitative work. right now there are once in a lifetime opportunities to operate in these mortgage markets; if the firm makes good bets, they (and you) will do astronomically well. the only thing that would make me stop from saying go do it immediately is that it's new and unrecognized--so I'd really do some due diligence into who the fund managers are, what their experience is, etc etc
I agree with xqtrack. Sounds interesting. If your ultimate goal is to go to the buyside then that experience would likely be most valuable. Congrats on the multiple offers, very impressive for this market.
2nd position is great experience and will be easy to pitch later in other interviews as having taken advantage of the current market to do something innovative. go for that one
Its also the riskier of the 3 options. Distressed mortgage fund... we just structured a liquidation for one of those.
MBS + Start-up = Risky
yeah i agree it's definitely riskier, that's why i was suggesting he check out the resumes of the founders.
i figure that if they're like ex-mortgage heads from some big place and have managed to raise a significant amount of capital (ie 1bn+), then it would be a risk worth taking.
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