JPM IBD or PIMCO Summer Account Analyst?
Got offers in newport beach for pimco and NY for JPM IBD, but not group specific. I'm open to both locations.
It seems that pimco has much better hours, and the work looks more interesting, and it's on the buyside. Whereas for JPM it looks like there's a wide variety of exit ops, but I'm worried about group placement and if I end up in capital markets.
Would be very happy to receive your thoughts on this. I'm not interested in PE or HF. Please lmk if there's anything else I should consider. Thanks.
EDIT: at top target (HYP), stats major, very high gpa
With your major and the fact that you kind of answered your own question in the paragraph about PIMCO, I would go with PIMCO.
Investor relations at PIMCO is really that interesting?
I mean it depends on the kind of work that he wants to do. But it doesn't really sound like from his post that he wants to do banking
JPM IBD all the way and not even close. If you don't like it, it would be much easier for you to transfer to a role similar to PIMCO than that of JPM IBD.
Agree with SeaHawks
OP, An account analyst position would greatly narrow your exit opps to relationship management roles in public debt. Newport Beach is not a financial hub and not even much cheaper than NYC.JPM IBD offers a chance to become an associate in an investment role within AM (where the hours are better). Given your profile I wouldn’t worry about group placement.
Very different jobs and I would definitely lean towards JPM. At PIMCO, from my understanding, you will not be involved in the investment process in any way and there is not much of a path towards being in an investment role without going back to school (MBA) and hoping they bring you back. I believe it is a client service role, dealing with pension funds and other institutional investors. So I think the means you are taking the PIMCO house view and communicating it to those clients. I don't think it would be considered 'front-office' for what that is worth. The difference in lifestyle might be significant (offset by a significant difference in compensation, I'd think) and you may have a preference for the West Coast, but I would take JPM, personally. If you know you aren't interested in PE/HF, do you have a sense for what you do want to do?
what about PIMCO's client solutions internship? any insights on this compared to IB internships?
My friends who went to PIMCO account all left for MBA. Their profiles are similar. Top tier schools, some did IB SA, didn't really want to do IB again and PIMCO seemed like a good choice. Then got bored with the job in 1-2 years. Unless you really hate IB, JPM will give you much better opportunities.
JPM IBD hands down
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