Banking -> Exit Finance Opinions
Let’s say someone wanted to do banking for a couple years to save a good amount of money, then exit finance completely and go a different route.
Assuming they are competitive enough for either of these scenarios, do they:
Pursue a top brand-name bank like GS/MS/JP for the wow-factor on future job applications outside of finance?
Or
Pursue a top boutique to maximize earnings during the saving years, and forego the household name benefit?
I just wonder how much larger of a value the brand-name adds outside of finance. It seems like a lot, as most people I know outside of finance haven’t even heard of the “EB”s.
This is not a troll; I’m honestly wondering about this and looking for honest opinions based on experience or even just speculation.
Thanks!
BB
Would agree the GS/MS/JPM name would be more useful outside of finance. It's a fair argument that those names are widely recognizable, while somewhere like CVP that is known to be excellent in IB isn't going to be well known outside of it.
Your delta in earnings from an EB in 2-3 years, especially post tax, is a rounding error in terms of your long term career.
Appreciate the insight!
Definitely BB. I have previously recruited for tech roles, and have worked for two well known MM / lower-tier EBs, and nobody from the firms I was recruiting for had ever heard of them. I think so long as you work at either GS/MS/JP or BAML/Citi/WF (big retail banks that people have heard of), you're good.
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