Help! Full Offer decision between Credit Suisse IB and Allianz Global Investors Graduate Programme
Hello,
I am in my last year of uni and I have full time offers from both CS IB and the Allianz Global Investors. The offer from CS is not for financial sponsors or leveraged finance, the offer from AGI involves two years of rotations which I will try to make as much equities focused as possible (as opposed to infra, macro, credit, etc) as I want to end up there at the end of the two years. Which offer should I take given my objective of getting into a reputable Long/Short Equity hedge fund? IB would make me better at Excel and could be a more standard route however analyst classes are huge and it is difficult to stand out. AGI is a rare opportunity to start in the buy side (albeit as long only mainly, apart from a small internal hedge fund in Frankfurt I could do a rotation in) and get relevant equity investing experience, I would be only one out of three graduates in the London office and in general asset managers have super small classes so there would be less competition when compared to banking. The downside is that it is less of an established path. What would you suggest? What is better to break into Long/Short Equity? Please do not comment saying go for banking as you could do PE after. I have no interest in PE and I am absolute dead set on L/S equity hedge funds.
Additional info: -AGI AUM is over 500bn -Base is similar but I immagine IB bonus will be higher (although pay per hour probably much higher for AGI, at least for the first 3 years of the career) -Background about myself: French student with IB summer internship at a lower tier BB BB (UBS, Barclays, HSBC) (this year) and a sales and trading internship at BAML/Citi (2 years ago). Bachelor in France plus master at a target in the U.K.
Jesus, you're seriously bumping this thread every couple of minutes?
Seriously think about how you worded this post - shitting on your own work experience at a BB, shitting on AGI's brand, and then the horrible hours and non-target groups from CS, the bank giving you an offer?
What makes you dead set on L/S equity hedge funds? What are your biggest concerns personally with both of your two options?