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.

 
Most Helpful

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?

Be excellent to each other, and party on, dudes.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.8%
  • Harris Williams & Co. 25 98.3%
  • Goldman Sachs 17 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
CompBanker's picture
CompBanker
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
kanon's picture
kanon
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”