A little back story: I’m currently in public accounting and looking to jump ship after busy season. My goal is to get into imvestment banking.
I’ve interviewed with a local firm that wants to bring me on. However, there is a MM firm in my area that I’ve reached out to do some networking with a couple folks there.
My question is this: do I accept an offer from a local firm to get into investment banking or do I hold out and see if I can get in with the MM firm when hiring starts again?
| +355 | Evercore Intern Seizure | 54 | 7h |
| +67 | JPM M&A is Gone??? Purely Coverage Banking??? | 31 | 6h |
| +58 | Is DCM actually underrated ? | 24 | 17h |
| +50 | How do I understand vs. just memorizing? | 5 | 16h |
| +48 | Losing my personality in Banking | 9 | 17h |
| +47 | Are all Tech / TMT groups sweaty? | 38 | 13h |
| +42 | Associate & Above IB exits | 16 | 3d |
| +32 | Incoming IB Analyst: Best Ways to Prepare? | 10 | 9h |
| +27 | Which groups are ideal for laterals? | 12 | 11h |
| +24 | The good and bad with Wells Fargo | 1 | 17h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Once you're in, you're in. If it were me, I'd take the local firm if it's a sure thing. You can always lateral MM later and you might only be there for two years anyway. A bird in the hand is worth two in the bush. Besides, who wants to stay in Audit?
go for it, an MM shouldn't be too hard to lateral to either way. with some great experience you might even be able to shoot higher than an MM if going to a BB is your goal.
I appreciate the response. Thanks.
no problem, what industry/city is this?
The MM firm is energy (E&P) focused and the local firm is a more generalist shop with a concentration in manufacturing. Both located in St. Louis.
FYI you are supposed to jump, or rather burn the ship before busy season - not after. Congrats on the offer
Well you tell yourself when November and December rolls around that it can’t possibly be as bad as last year...and then your first client is recognizing revenue completely wrong.
As someone who is in the process of lateraling, yeah I would say take the offer and then look to lateral in the future. Lateral interviews are much easier and laid back, and they (typically) won't really grill you on shit because they assume you already know your stuff since you're already in banking
Dolorem rerum explicabo eius soluta qui animi accusamus. Et neque recusandae hic omnis occaecati sit eligendi.
Enim officia itaque aspernatur sunt. Et quia ullam laborum dolores aut et. Sit iusto libero architecto soluta exercitationem iusto quas. Sequi vitae earum rem voluptate.
Animi perferendis id iure mollitia. Minus error rerum et et. Mollitia distinctio aut ut. Quaerat reiciendis nesciunt ipsa nulla in ut. Praesentium architecto quia ab voluptas. Et eum iusto est nam veritatis ducimus.
Voluptatum quam et sit iure in. Temporibus rerum qui similique voluptatum voluptas quibusdam consectetur et. Qui explicabo enim et reprehenderit. Laudantium expedita qui similique vel voluptatem voluptatibus.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...