IBD Offer Decision Advice
Hi all,
I have to make a decision between 2 banks this week. I'm a rising junior with 3.8GPA, target school, and interned at the #1 WM BB this summer (female, minority as well).
I was able to land an offer from the #2 BB for IBD and from a mid-tier bank as well.
I know that having the more prestegious BB would add to my pedigree and would look great on my resume and may open more doors to me externally, but I have more intimate relationships with IBD MDs in the mid-tier bank. One of these contacts offered me a job on his team directly and told me that if I didn't like that, I could have my pick of any team-product or coverage. I know that the mid-tier bank would offer me more competitive benefits and that with these sponsors and mentors I could be on track to make associate by my second year--I also liked this culture a lot more. Yet, I don't know which is more valuable: the prestige or the opportunities?
How would you all evaluate this decision?
Thanks for helping me with my first world problem.
So basically the MM is just split into teams. Why don't you just choose based on where you'd like to work and have most fun in? Making Associate by second year is unlikely, might need to do a 3rd year before that.
So do you think an IBD job from a mid-tier in my case is a better career propeller than working at GS/MS?
Why are you so worried about that? You're just starting out. And in the end, doors like PE will accept you based on your work, not just the firm. There are good and bad bankers at BB just like MM.
You're overthinking prestige and opportunities. You'll find both at BB and MM.
In terms of PE exit, doing M&A at the lower shop would be better than probs the other groups at I'm assuming MS (MS best exits are M&A and FSG and FSG doesn't prepare you well technically) because you're not sure of what you're getting.
If you mean Goldman, go to Goldman.
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