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
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