Extremely small boutiques vs. S&T
So I currently have FT offers from my SA in ST (UBS, CS, Citi, DB), and I want to switch over to banking but given the current environment that is extremely hard.
I currently have an offer from a very small NY IB boutique in a niche industry that seems to have a lower-level street rep. Of course, I would preferably want to push both deadlines back as much as I can as I am in the pipeline for other opportunities. But in a vacuum which one is better? I feel the ST offer still has name-brand value.
Btw, I am target with a fairly strong resume if that means anything anymore.
I'm an incoming analyst at GS/MS/JP for IB and I'd rather take S&T in one of those banks over a very small NY IB boutique. The name brand at your bank will open more doors for you in the future and will especially be helpful for B-school applications. Plus, the work will be much more interesting at a S&T desk rather than bullshit powerpoint work for companies nobody's ever heard of.
I disagree with commenter above. If you want IB take the IB offer. As you said, you got that target school pedigree so along with 1 year of FT IB experience it's definitely possible to lateral to a MM IB shop. IMO that's more doable from S&T --> IB.
I think it really depends on what you would be doing in S&T. I’m joining a capital markets/sales group at a BB and have met quite a few people who have now lateraled internally to IB.
Whatever you do, go in with a positive mindset.
Just curious did you end up choosing an offer? I can image you went for name brand in this case it was S&T.
I ended up with an offer from a much strong boutique (Incentrum, Foros, Berenson). But I definitely agree that I would've stayed in ST with just those two initial offers.
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