No BB offer, wait it out?

Hey fellow monkeys,

I'm sure we all understand the springboard that a BB job would provide for a career in Finance, however, HOW IMPORTANT exactly is the BB offer?

What I'm saying is. Assuming the following scenarios.

Offer at MM Bank vs Delaying graduation (for eg. Doing Honors Thesis, 6 Months Internships, MFin etc.) to try again for BB offers.

What would be your decision?

Advise needed.
Cheers!

19 Comments
 

I would work at many of the MMs over a decent amount of the BBs. Not even joking.

I'll admit that I don't know which MM you have an offer from, but if you're so foolish as to think ALL of the BBs are better than every MM offer, then you deserve the unnecessary risk exposure.

“Millionaires don't use astrology, billionaires do”
 
Nouveau RichieI would work at many of the MMs over a decent amount of the BBs. Not even joking.

I'll admit that I don't know which MM you have an offer from, but if you're so foolish as to think ALL of the BBs are better than every MM offer, then you deserve the unnecessary risk exposure.

can you share which MMs you are referring to? not trying to get into a whole ranking discussion here but some MMs are on diff levels of others like Houlihan and Piper vs Jefferies HW Guggenheim etc...

 
uclaprospectbanker
Nouveau RichieI would work at many of the MMs over a decent amount of the BBs. Not even joking.

I'll admit that I don't know which MM you have an offer from, but if you're so foolish as to think ALL of the BBs are better than every MM offer, then you deserve the unnecessary risk exposure.

can you share which MMs you are referring to? not trying to get into a whole ranking discussion here but some MMs are on diff levels of others like Houlihan and Piper vs Jefferies HW Guggenheim etc...

What are you talking about sir?

The general ranking for MM banks should look more like:

  1. Jefferies / Houlihan
  2. RBC
  3. Piper / Guggenheim / Macquierie Capital

In terms of Jefferies being the next BB to replace UBS? That'd be up for discussion but UBS will retain its brand name in the IB world simply due to its previous calibre for the next few years

 

Actually, decline your MM offer so someone who isn't completely stupid can get the job.

You gotta be kidding me.

MM IB -> Corporate Development -> Strategic Finance
 
Best Response
salesmonkeyI'm from Asia. So the MMs that I'm referring to are not your Houlihan, Jefferies, Lazard etc. I'm referring to the likes of DBS, ICBC, CIMB.

Especially when the consideration is in Asia, these banks pay half of what the BBs are paying (although with the perks of better work-life balance)

Lazard, HL (RX), and Jefferies are not MM.

damn, half the pay, but better work life balance? and still get to have banking on your resume? I'll take it.

 

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