BlackRock or RBS for HF?
A friend of mine has two offers: one in RBS rotational grad program, he should rotate in DCM, Macro Research, etc.
The other is for BlackRock, investments division, fundamental equities team.
He would potentially be interested in exiting to HF in a few years, strategy wise he's passionate about global macro, fixed income and event driven (although I think he would also be interested in a traditional fundamental long-short fund).
Should he go for RBS or BlackRock? This is for London, I am aware that RBS isn't big in the US, but in the UK they have a stronger position.
Would not advise RBS.
My input is not of any value, but the way I see it is: you can't really go wrong with BlackRock.
RBS is VERY strong for DCM and, from my friends who are on the grad programme, you're on central payroll for 3 years so head count is a non issue so you wont get fired but could end up on a totally different desk. That said, no one knows what is going on upstairs and whole desks and departments could be for the chop. Its all politics.
I believe RBS pays more too. But for exit ops, and probably stability too, he would be better off at BlackRock.
BLK
I still think that RBS is a pretty legit place to get a job in the US (Stamford I think though), but from concensus from what I've seen is that BlackRock is just a top firm.
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