If anyone could give me some insight it would be much appreciated. I have an offer to do Structured Financial Products at Merrill (ABS, Secured Lending, Principal Finance, etc..) or enter the CIBC ib analyst program.
Any insight on hours/pay/exit opps would be great
Thanks
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I have two friends working at CIBC right now, the deal flow apart from Healthcare and M&A is pretty weak, the pay is on par with most BB's for 1st year analysts (Last year top-tier bonuses were 80K, base is 60K, 10k signing), I'm not so sure about the exit opps but you should have a decent shot at a smaller PE firm after a couple of years in M&A and Lev Fin.
I would take the Merrill offer, sounds more interesting.
I'm planning on taking the Merill, it does seem much more interesting and I'm paranoid that CIBC will always be a weak deal flow and constant pitches that turn into nothing because of the better firms that can win most of the business.
Thanks
i also had an offer (not with Merrill) to be in a structured finance group. i've heard from people that its very tough getting back into banking by going the structured finance route. mainly because the skills you learn there, dont transfer over to banking. obviously, if you really wanna get somewhere, you can do it with enough hard work. but if you want to be in banking, you should definitely take the ibd offer regardless of "weak" deal flow.
anyway consider the job title and industry instead of how prestigious the firm is. because like i said, ive heard those two paths are very different.
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