Offers for SA at a BB (London) and FT at an EB (Europe)
Hello all,
I am looking for advice on my current situation regarding offers. I have a summer internship offer from a BB in London (non GS, JPM, MS) and a FT from an elite boutique in a smaller european country. Any insights on whether I should take the risk and shoot for the summer internship? (final year doing masters so can't go back to school after the internship).
Any input is appreciated
I would take the FT offer, particularly in the current environment. I heard from people at various banks in London (both BBs and EBs) that the FT offer rate was quite bad this summer due to Brexit and a general uncertainty, so that even some strong candidates ended up without an offer. After 1-2 years at the EB, it should be relatively easy to jump to a BB if that's still your goal at that point in time - or your EB might offer you to rotate to the London office.
Agree with taking the FT in the regional office - a lot of banks did not anticipate Brexit and overhired for their summers. Now you have a lot who did summers that expected to get an offer but didn't looking around everywhere (and there is/was not a lot of FT hiring for next year in London).
What's the elite boutique? If your summer is in BAML/Citi/CS and the EB is Evercore/Moelis/Greenhill (which all have offices in Frankfurt) or an EB in Paris I would definitely go for the EB.
Thanks for the input guys. The goal atleast for now is to get into a BB or EB in London at some point in the future. The BB route in London seems more attractive for me at the moment, but I have heard about the bad return offer rates for SA's as well so the FT might be the safe and sensible choice I guess.
Cheers
Voluptatum quia vel suscipit tempore placeat vero magni. Et tempore architecto enim nostrum molestias rem blanditiis. Iusto omnis reiciendis ea fugiat iusto dolor vitae. Vero laborum veniam culpa est ducimus quod.
Non eius ab eum omnis sint ut. Non quidem et sint voluptatem molestias. Et tempora odio esse quia blanditiis. Doloremque provident culpa ut.
Qui dolores necessitatibus quis facere. Quia maxime et aut.
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...