Long-Only AM at BlueChip(Wellington, D&C, CapGroup) vs BB IBD out of college
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Bump, in this exact dilemma
What team at the AM? Marketing/product strategy roles are a lot different than the true investor roles which are few and far between as a junior. The role can also be very different across products.
Assuming it's a seat you're interested in long-term, I'd take that, unless you are trying to get to PE or other deal-focused exits, in which case it needs to be IB. AM is hard to get into and a really solid career - high on the triangle of interesting work, WLB and pay. AM is also the exit so people don't tend to leave. In turn, IB -> AM is difficult because no one leaves, so this is probably your chance at the top funds.
I was in this exact situation during college and choose BB IB over Top AM ER, biggest fucking mistake of my life and I regret nothing more
Assuming the AM role is research associate, you will likely underestimate the rarity of those seats
Everyone around me said go BB IB for optionality but this was a limited view from mostly banking analysts, SAs and people in PE
My only fear of LO AM was the limited exits (HF or other AM) vs BB IB (PE/HF/AM/VC/Fuck boy island)
But now I realize the optionality is not relevant because lots of banks will hire the Top AM ER guy as an analyst after 1 year out of school and the opposite is not true, additionally banking is bitch work and the top exits are limited to a select few groups even at top banks
Just know the unless you know you will be at GS TMT, JPM M&A/M&C/HC, MS M&A/M&C/TMT your odds of a top exit are not much higher than other banks with strong groups and Top AM will be a much better career start
could you PM? I'm looking for some more info on RA roles, would love to hear your insights
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