Help | Analyst Position Choice | DCM Corp or FIG at BofA?
Hi Everyone
It would be amazing if I could get your opinion on something. I know very little people outside of the office that know the IB world and I could use your help on a decision that’s making me crazy !
I work in a Japanese bank in the EU office, did an off cycle in DCM Corp. Now they offered a graduate position in the DCM Corp Team and I really want to say yes, I love the job, I love my team...
But now I have an offer from Bank of America for FIG DCM in the EU as well.
And I am really lost because on one hand I am scared that FIG is going to be boring and that I will never be able to do anything else...is that SO true ? On the other hand I feel like BofA doesn’t compete of course with a tier 3 jap bank and that I would be crazy to say no. Beside the team also seems really great.
Kind of lost here. Could use your kindness and opinion :)
Thanks a lot,
Elise
go to bofa please
Would be really helpful if you could tell me why you think that way. To me it’s really difficult to think clearly considering how much I enjoy being here right now but I also know I should be thinking about what’s next.
is it only because of the name ? or do you have an opinion on FIG vs Corp or thoughts about the fact that it might get me stuck there...?
BofA no brainer bro
You would be crazy to say no. FIG vs Corp who cares. Go to the better platform and then you can leverage the experience to get out of FIG and DCM altogether (which I would recommend highly, DCM is brutally boring at most places, but some people don’t mind it)
Thanks guys for your opinion, appreciated !
Looks easy but I’m really concern about FIG (I do like DCM Corp actually).
But I get how nice the opportunity is...
Anyone that has any thoughts or experience in FIG or with that kind of choice please also feel free 🙏
Elise
Up?
BofA
I get it looks like a really easy choice for you but... can you explain? do you have ANY insight on FIG ?
thanks !
It's the best platform out of those two by far and provides more opportunities for internal mobility later on due to the bank's size. I get it if you're sceptical on the industry but you'll definitely get good experience (FIG is very capital markets intensive and BofA is great on DCM). Also, the skillset you'll get from FIG DCM will be more transferable to non-FIG DCM than a FIG M&A skillset to non-FIG M&A.
I think it would be helpful to know your personal goals and where you see yourself in 5/10/20 years. If you're someone who chases prestige, and want to move to the buyside, maybe jump to senior roles at F500 companies, then BofA is a no brainer because it sets you up that much better. If those things aren't things you really care about, and you can see yourself happily working where you're at now for the next 10 years, then stay.
Thank you so much for your answer.
This is a very good question... to be honest I am not really sure. Yes, the prestige and the career evolution are very important to me. I am less sure about the buy side, maybe but I could also see myself staying in IB.
I think the most important things are that 1) I want to ENJOY what I am doing and 2) I don’t want to be stuck and never be able to go back to corporate IB that I actually enjoy.
And FIG worries me regarding to those 2 things.
But on the other hand BAML means bigger deals, bigger exposure, higher prestige, higher salary...higher recognition...but only for FIG ??
i am completely lost. Besides I don’t know anyone that’s been working in DCM FIG or even just FIG.
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