BB in the west coast -vs- EB in the east coast
I am currently deciding between starting my IB career in either EB in [big city] in the east coast or BB in [big city] in the west coast. Would it be better to start in BB in [big city] in the west coast and try and lateral over to EB in [big city] in the east coast or see if I like the west coast. Alternatively, should I start in EB and then decide from there?
Would the BB be better for exit ops or would it be better to start my career in a growing in a bank in the east coast? My personal priorities are: (1) exit ops, (2) making an impact, (3) pay, (4) geography (NYC>San Fran). Please let me know what are your thoughts!
Does EB NY have any chance of converting to TMT after the summer?
Either way, I think you should take BB SF for exits.
Why not just start at the EB in NY and then lateral from there if you don't like it? Judging from your post you're set on NY
EB NY to PE in Santa Monica baby
This is a straightforward decision given the criteria you shared:
Your exit opportunities from a top boutique are going to be, at worst, equal to those from a bulge ... and likely better.
No banking analyst is going to 'make an impact' in real terms, but the learning experience and level of responsibility an analyst receives is generally higher at a boutique than a bulge. Leaner teams + higher volume of staffing + a more meritocratic culture = stronger analysts.
Last I heard (I am now fairly removed from the analyst process), all the top boutiques pay better bonuses than bulges. I know at the senior level this is the entire point of a boutique. The guy that drives $55m in fee income for a bulge bank is lucky to see 30-40% of that in his comp, and it's all chopped up with the majority in an equity grant with a vesting schedule. The boutique pays a higher percentage (e.g. 50%+) and more of it in cash.
Geography is a complete preference. New York has better culture, women, food, nightlife, and other similar things that young high-earning professionals tend to value highly.
Everybody on this forum says that exit opps are much more abundant in NY because it's the financial hub of America (arguably the world). It probably makes sense to choose the EB then.
If I was your MD I’d get mad and throw my shoe at you reading this. No wonder these senior bankers are pissed all the time. You must be sexy af because your English is shit.
Dolores illo doloremque voluptas sunt veritatis. Et saepe eius qui natus. Blanditiis neque rerum eos labore. Odit dolor quos sit dolorem. Rerum accusamus magnam dolore dicta at vel. Libero velit in optio in enim similique veniam.
Blanditiis voluptatem quasi odit quia. Earum sint velit aut similique ut illum. Nisi eos qui est. Voluptas omnis animi iusto et.
Velit magnam qui ratione ab. Eum unde incidunt at sapiente. Ipsum reiciendis dolore autem quo et enim. Voluptatum adipisci quod omnis autem at.
Labore cumque quas qui nemo quaerat quaerat dolorem. Ut et eos error vitae.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...