Ops role BB vs IB Role MM
I am a senior, with a liberal arts major at a target school. This past summer, I did an Ops role at a top BB in their NYC office. I connected with a few people at the firm who were able to move from BO to FO and was told that this could be a possibility if I return. The time frame for this transition would be about 2 years+ with consistent hard work. I decided to take the FT offer after the internship and was honestly set on the role. It wasn't what I wanted, but I was holding on to the possibility of getting an IB role after 2 years. However recently, I was told by a recruiter to apply for an IB role at a MM, with a better presence in Europe and Asia, and received this offer. The pay difference is around 30k, on base alone. I am seeking advice on how you all would move forward. Continue with the BO BB role and grind for a chance at IB or Reneg on BB and take IB role at MM? Thank you!
If you want IB go to IB. It’s that simple.
Take the IB role and dont look back. Target school + starting at a MM firm will make transitioning to a BB or EB 1000x easier than starting in Ops. All you need is a few bad years economically to keep you stuck in ops forever. The risk is much lower with starting in IB, the pay is much better, and the experience is much better. I use much intentionally as there is no comparison when looking at the three drivers.
How do people who ask these sorts of questions even get offers lol
Take the IB role out of undergraduate. It is possible to move from BO to FO but not many people do. It is sort of like transferring from non-business to business major at a university where not many people are often able to
IB role. Zero question about it
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Xx
What kind of MM are we talking about? You emphasized that they’re good in London and Asia which makes me think it’s some LMM or no name firm here in the states?
Can’t be Jefferies, HL, WB, etc so this sounds worrying
It's still better than Ops at a BB
I'd rather do no-name LMM banking in a team of like 4 people than work Ops...
Agree with Beveraged, but am also wondering what firm this is.
Always start being the thing you want to be. IB at Joe's crab shack > ops at a BB
Joes crab shack had 8+ analysts get offers at Red Lobster capital during oncycle this year..
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