FT offer vs. Off-cycle - Advice?
Hi guys,
I have two offers on the table and need some advice:
(1) A FT offer working on primary fundraising within an IB (think EVR / CS / UBS)
(2) A 6-month off-cycle at a MM IB (think HL / WB / PSC / HW)
Offer (1) has great job security, which I am concerned about, given the economy. Great salary and I really like the team. Offer (2) is within a team that work on large tickets (EV > 800m) and compete with BB on mandates. Salary is slightly less (due to pro-rata) and there's no guarentee I'll convert, but I'll gain modelling experience.
Really unsure of how to approach the situation, so I would appreciate any insight on how to approach this!
Thanks :)
Would it be possible to take both? Could work if FT starts in September and OC in March
Unfortunately, both are the same start dates. There's a possibility I could turn the OC into a SA role and do both, however.
you mad if you dont go with (1)
What if it's UBS though and from what I'm hearing CS might go MM way too?
still a very prestigious bank to work, with the best talent and resources
fuck around and get both offers pulled lol
bird in hand > two in bush
This just really depends on if you want to be in fundraising or IB. They’re completely different with different exit opportunities.
If you go with (1), even if you dont like it you can go to an m&a group anyime, but if you go with (2) and they dont retain you then you will lose some time by being between jobs.
OP, can you PM me? I am new to this site and have a question for you. thanks
Absolutely #1... you can easily lateral. #2 has no guarantee of an offer and in this economy that is not a bet you want to be taking
Fundraising has no modelling and it’s extremely hard to lateral to IB. pay scale doesn’t increase much in fundraising. i personally would take (2) cause economy would be fine in a year and there’s modelling to hop to an EB. plus 2 has better long term pay and exit ops
Echo.. do not take 1, it’s not IB and I would not assume it will be possible to move into IB if that’s your dream. To give you an idea fundraising / private capital advisory at banks’ exit options are investor relations type roles. I would take (2) and bet on yourself king.
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