BAML GTS or UBS IB Summer 2020?
Hey guys. There are a few factors that I'm considering with these offers. (Keep in mind that I have already accepted BAML due to the fact that it had a short deadline and my UBS superday couldn't be moved up before the deadline)
IF I TAKE BAML PROS - I like the company better - Company has a better brand name/deal flow - I could potentially move internally to BAML IB (a stretch but still possible)
CONS - It's not IB (my ideal role)
IF I TAKE UBS PROS - It's IB (my ideal role) - Easier to move to other IB positions at other banks for FT
CONS - Probably will get blacklisted from BAML - My college would hate that I reneged - A finance organization that I am a part of at school will hate that I reneged (probably cut ties) - Not as good of a company in terms of deal flow and rep on the street
PLEASE help me figure out what option is best for me. I'm terrified of having bad blood with BAML (and I'm an idiot and added some interviewers from the process on linkedin).
Any advice is greatly appreciated
Have you had a candid conversation with an older mentor or faculty member in your club or at your school? I think that is where I would start. If the reaction is supportive of your interests, you may get a better feel for what you would gain from reneging. If the reaction is negative, you have a better idea of the bridges you would have to burn, and will be more informed on whether that is a sacrifice you are willing to make. Either way, you should try to get honest feedback to help you gauge the upside/downside for both options from an outside viewpoint. In any case, congratulations on the offer, and at least give yourself some credit knowing that it is a good problem to have!
Thank you so much! I definitely think speaking to the director of the club I am in (a retired banker) is a great place to start, thanks for the advice.
Fuck the school, the club, and whoever else gives you shit. Do what’s best for you.
Fair enough. Thanks
Role >>>>>>>>>> name of firm
I ended up taking the UBS offer! Thanks
Leaning towards taking the banking offer, depends on how senior your contacts are at BAML (may burn some bridges and backfire if couple calls are made). Reneging is always tough but do it the right way.
I ended up going through with it and thankfully it didn't seem as bad as I had anticipated. I did get a call from the recruiter unexpectedly asking more about my reasoning/where I will be going and because I was so unprepared I rambled and didn't give as good of an answer, but she did seem pretty understanding so I'll take it lol
I would take the UBS offer and try to leverage it into a better brand name firm for FT. Remember you are numero uno, not your school or some baml executives.
Thanks! I ended up taking the UBS offer. Thankfully the finance club was actually happy for me and recommended I renege lmao. And I'm meeting with someone in the GTS group at BAML next week for coffee, so I'm pretty grateful with how it worked out
Good choice and welcome to IB
Would take the BAML offer. Have seen some successful laterals from BAML GTS to LevFin etc.
UBS dude, it's IB. I would always value the offer over the name.
I ended up taking it! I definitely think it was the right decision.
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