BB ECM vs MM IBD Coverage Group
Currently in a situation where I accepted a SA role with a mid-to-upper tier MM bank in a coverage group and just received an invite for a Superday at a top-tier BB (GS, MS, JPM) with the ECM group. Is it worth it to interview and potentially renege the MM offer, or should I just stick with what I have right now considering the Superday is with the ECM group?
P.S. I plan to lateral to PE or stay in IB for the long term (not looking to leave finance anytime soon).
Thanks in advance!!
If you want to do 2 years PE and out, stay with the MM. There’s such a demand for young talent you’d be more than fine in the recruiting process.
You also mentioned staying long term in IB. In that case, ECM could be a good pick. More manageable than coverage hours and still great comp. If it’s at a GS/MS, those two hit extremely heavy in the ECM space and bonuses tend to be pretty generous.
I’d think about what genuinely interests you more, your work style (faster pace of the markets vs slower, project based work), any mentor/alumni connections, firm culture, and potentially location unless they’re the same city.
Thanks for the advice! I'm going to do the Superday and then decide from there (if I get the offer).
hi! I am in a very similar situation as yourself, but I ended up choosing ECM. I'd love to chat about the reasons behind my choice if you would like to PM me
Curious why you chose ECM
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