(London) BB SA or LMM Boutique full-time?
Two offers on the table
1) American BB summer analyst, historically 90%+ conversion rate to FT
2) LMM/MM Regional Boutique (team of ~50 people, average deal size ~£250m)
Which one would you do? I graduate university in June
Base salary is £60k at the boutique, £65k at the BB
What BB is still below 70k?
What BB isn t. Market comp for London is 65k.
Take both and ask for a September start to do your SA, if you convert work in PE for a year and then quit
How can I ask for a September start? Do banks allow that?
Figure out what you value most out of these factors; do you want to be a career banker? Or do you want to do the IB stint then jump ship to PE (probably the BB then). More importantly, who did you get on better with/ie which culture did you vibe with most? Factor in these decisions and it'll be very very clear for you.
Best of luck.
historical ~90% conversion don’t mean shit in 2023
What do you expect them to be
Waaaay below 50% at best
.
I would take the BB offer for 3 reasons:
- BB will look really sexy in your CV
- If you don't like them, you will still have the brandname to exit to any average boutique
- We only live once so let's go
I just feel that a BB will give you much more opportunities
Edit: to be honest, a full-time offer can be safer considering the current job market
Can't you do both? Do your SA and start your FT right after.
Is that common? They said their programme starts in June for all their grads
If I ask for a sept start, what reason do I give?
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