36 Comments
 

I agree it doesn't make sense. Why would a BB offer you a MO role then guarantee advancement to a highly praised FO role? Why aren't you good enough for a FO role? If this a JPM junior IB analyst, then it would be different.

Mr 305
 

Is this a relatively new program? I’ve never heard of this before. The closest thing that comes to mind is there were analysts in a team at an EB/BB that did a lot of grunt/support work (initial comp spread, maintain quals books, pull research, help with some analyst type work) and the really good ones can lateral into the analyst program. But it’s by no means a guarantee - it was just a potential avenue.

OP - when they say guarantee, is it mentioned in the contract? I’m sure there’s a performance component to the “guarantee”. And if it’s performance driven, that could be subjectively measured. How many successful “graduates” have there been to the IB program? Are there some that you can chat with to get the full scoop? If it’s not airtight, I’d probably think about the MM m&a role - which can lead to potential MM PE opps.

 

This is almost certainly a hypothetical question

"Better to remain silent and be thought a fool than to speak out and remove all doubt." --Abraham Lincoln
 
OkComputerThis is almost certainly a hypothetical question

hahaha ZING!

Remember, once you're inside you're on your own. Oh, you mean I can't count on you? No. Good!
 

I would never want to recommend someone like black mamba to take any role within any bb; FO, MO, or BO. He should stick with something his own speed and start networking for branch positions at Dunkin Donuts. One coffee two splendas please!

"Yes. Money has been a little bit tight lately, but at the end of my life, when I'm sitting on my yacht, am I gonna be thinking about how much money I have? No. I'm gonna be thinking about how many friends I have and my children and my comedy albums."
 

@silvio I so wish I had a silver banana for you man.

@mamba retarded question and worse is that you never read anything if you're asking this.

Achiever in college from freshman year: Rainmaker. Hustler in college from junior year: More than you initially hoped for. Dreamer in college from senior year: Top closer for 4 man boutique in Idaho in toilet lid M&A Everyone else: Dunkin Donuts.
 
black mamba22In terms of prestige, exits ops, and b school acceptance. Does the name brand of a BB go a long way?
People are reacting so strongly because if you want to do investment banking, it seems like a no brainier to take the MM position. MM is by no means shit and switching from MO to FO at the BB won't be easy.

Don't get mesmerized by the name of the BB; doing what you want a "lesser" firm is a better choice than doing something you don't want for the brand of the company.

 

Absolutely man. You wouldn't be a team trainer for the Miami Heat instead of starting shooting guard for the Clippers would you?

If you want IBD you might as well start there.

‎"Until and unless you discover that money is the root of all good, you ask for your own destruction. When money ceases to become the means by which men deal with one another, then men become the tools of other men. Blood, whips and guns or dollars."
 

Definitely go with MM IB. If you mention anything at all when you decline, I would probably just let them know that you want your career to take an IB path. Not worth it to waste two or three years of your life doing something you are not at all passionate about. The opportunities after a few years working mid office might not even be that great compared to real IB experience. Good luck in whatever you decide.

 

Yea I learned the hard way in my last job that unless something is in writing, it is not guaranteed. Prior to lateraling to this new company I was basically told that I would 100% be given a promotion within X time period, but due to some organizational changes it didn't shake out that way even though I was a top performer. It was fine because I quit anyways to go to business school, but just be wary about any "guarantee" that a firm gives you.

 
Best Response

This is very important. Unless it's in writing, it's not guaranteed.

Is it guaranteed even if you perform poorly in your MO role? What happens when you get a poor review because someone doesn't like your face?

Is it guaranteed because an MD made you a promise? What happens when he changes firms? Or gets hit by a bus?

Given that IB analysts are at will employees, I have a hard time believing you have a written guarantee to start a specific position a year from now. That means there's at least some risk involved, and you need consider that. Also, you can always try to lateral after a year from the MM role. If the goal is PE, I think MM IB to BB IB might be a stronger resume than BB MO to BB IB.

Not saying the MM IB offer is definitively the best choice. Just food for thought.

 

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