offer choice help!
1) MM IB (PJC, HW calibre) in non-NYC location (Boston, Chicago, Minneapolis...)
2) Big 4 Real Estate Advisory Group (think EY TAS, KPMG TS and the like) --> pretty good placement to MM REPE shops and job security, though paycheck sucks (60-65k all-in)
3) BB ER in non-NYC location (think Citi Buffalo, GS SLC...) --> guarantee two years after the programme to a major financial hub (NYC, Hong Kong, Shanghai..), but paycheck is even worse than the Big 4 offer, but it's a BB name on my resume - a big thing for a non-target kid
Honestly, till now, I'm not sure what I want to do in the future and now I appreciate any honest response.
I'm assuming for number 2 you are talking about an NYC location due to the shitty paycheck comment (that would be a very comfortable starting salary in some of the other lower COL cities you mentioned).
So it sounds like it comes down to 1) location and 2) what gives you a hedge for broadest options going forward. A lot of people discount how nice it is to start working in a city you are already familiar with because you don't have to take time to make new friends/find stuff to do. However, from a monetary standpoint, you will probably be banking a lot more money in one of the lower COL cities, so I would normalize all of the all-in numbers just to get a more realistic comparison table.
No one can answer this question for you because the three options are pretty different in both career paths/exit opps and quality/standard of living.
Having just gone through a crazy time in my life similar to this the best advice I could give would be to ask yourself these three questions:
1) Geographically, where do I see myself ending up/want to end up for the long term, and will it be hard to transfer back there if I start elsewhere. 2) Which one of these jobs will give me the most marketable and valuable experience going forward (i.e. easy to leverage experience to other industries, MBA, etc). 3) What overall situation is going to make me the happiest short term (on paper at least).
Might seem kind of generic, but once you answer those three questions I bet that you will answer your own question.
Congrats on the offers, its a good problem to have.
i'm interested in RE and that's why I am still considering the #2 option.
take the harris williams offer if you have it and don't look back
If it's HW in Boston, this is an easy decision.
the MM IB is in Minneapolis, and I am very reluctant about this location.
regardless of what you want to do. you will have better options in IBD .
i would go with option one. You will be making 2x more all-in than options 2 or 3. you will have a great name on your resume and if you want you can go to REPE from there. Minneapolis is not a bad place either and you can always transfer internally or lateral to another firm of your desired location.
Heard lots of stuff about how the twin cities can be a great time. Take the job with Piper. You'll be glad you did.
Take option 1. More money and it will give you better opportunities down the line. I also had a friend do a rotational program in Minneapolis and he had great things to say about the city.
Buy a big coat and pack for Minneapolis.
seems no one ever consider ER option? with living cost considered, the pay actually isn't too bad either. And a FO BB position is really attractive (regardless of SLC/Buffalo); and also the opportunity to move out to NYC after 2 years is also huge.
And fyi I'm from the Midwest and I desperately wanna move out of it.
They will tell you that you can move to NYC and I'm not saying it's impossible, but trust me when the time comes they will try to keep you in the regional office because banks are moving jobs out of NYC. At the end of the day it comes down to what you want to do. If you think ER is a good fit, then go for it. I personally would much rather work on transactions and find ER to be more for introverted types. But you need to figure out the best move for you.
how hard would it be to lateral from a strong mm IB in a non-NYC location like Minneapolis to NYC?
I'm not the best person to give advice on this by any means but I find these questions to be silly. The answer would be hard. Hard, as in, not common. But fuck that. If you want something go do it. Network with as many people as you can in NYC, do a great job in Minneapolis, come across as a knowledgeable and likeable person to the people you speak to in NYC, and they just may think of you when there's an opening. Your chances are not all that great, but any percentage chance people will tell you includes people who put in little or poor effort at making a switch. Be smart about it, and you'll maximize your chances. That's all you can control.
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