Deciding Between Two Offers (Fund Finance vs. PE owned Insurance AM)

Currently deciding between two first year analyst positions in NYC. Would appreciate the forum’s help here.

Fund finance: large Balance Sheet bank focused primarily on subscription finance, seems like good culture and steady/visible progression. Positives here are chill culture, probably more sustainable, can just cruise.

Insurance AM: PE backed insurance AM investment team, focused on MM CLO, ABS and allocating capital to PC funds. It’s a small team so I assume there are good opportunities to own the cash flow model/CLO monitoring, etc. The role appears to be more technical and bit less laid back since I’ll be handed responsibilities early on.

Long term goal is IB/PE, but neither role seems to funnel in that direction. So just trying to be in a position where I can learn the most. Any insights/advice would be appreciated. Thanks.

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