I have potential multiple offers:
Ubs - FX sales milan
Citi - sales (Unknown desk) milan
Morgan Stanley - MBS trading support in Budapest
Small AM firm (well known in Italy, absolutely unknown abroad) - Bond Portfolio Management analyst in Milan
My dream is to become PM in a Macro Hedge Fund.
What should I choose?
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Tricky, If I had to make the decision that priorities PM in the future: Citi first, UBS second, MS third. But there are other considerations do you speak Hungarian? Do you know the culture? Do you know anyone there? Why I ask, It be pretty stressful working in a country where you know no one, don't speak their language, whilst a war is raging next door. Assuming you are Italian here. As for the small AM, I would need more info to make an informed decision. There is also a people aspect to this that I don't consider, you should have a call with each of the hiring managers to find out if they are actually worth working for.
I suppose I'm more looking at the possibility staying in FO. I choose Citi and UBS over MS, mainly for the Front Office and hopefully it will set you up to stay within FO at least in your early career and attract the HF a bit more. Of course there is a prestige of MS to consider as a tier 1, but because of MO and it's support, it may be more difficult to have to worry about getting into FO and then the PM role. It's located in Budapest, I wouldn't say it's a con, but Eastern European prospects don't look great, it is a beautiful city, and it is more like a tech/ trade support hub, so progression from MO in an MO hub to FO is quite unlikely, I may be wrong and plus assuming you don't speak Hungarian. So for mainly the MO position I cross off MS first.
I would say UBS and Citi are pretty much on par. Not knowing the actual desk for Citi can be an issue. I personally, and this is my personal preference, is to go larger, mainly because of more opportunities for lateral hire, if you don't like you desk, work hard for a year form good relations and start moving, though easier said then done. Though in the end both UBS and Citi may have plenty of those in Europe. I put more weight on Milan, because I assume you are italian, and have friends and family there so you have people who can support your personal life. You could flip the coin for UBS and Citi, but because of my preference of going larger and larger balance sheet = more opps internally, which I recognize may not be true. So hence I choose Citi first.
Dude thank you very much for your answer.
To give additional infos:
yes i am Italian but not from Milan.
The AM firm has over 30bn AUM and it is one of the most known italian AM firm, but has no reputation at all abroad. it has 100 employees. It is called Anima SGR. Team would be Corporate bonds.
Morgan Stanley looks like MO from job description but HR says it is FO in support to New York office, so I would work NYC hours from Budapest. It is the Structured Margin Financing Desk.
I don't know if this changes your mind or not.
Take UBS or Citi, realistically you want to end up in London at some point and Milan to London is a hell of a lot easier than Budapest (going to go out on a limb and say MS HR is full of sh*t that the Budapest role is FO)
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