PwC Deals Vs. Regional IB Boutique

Hi all,

I'm currently finishing my Master in Finance and received an offer for PwC Deals as well as a leading European regional IB boutique and unsure about which one is best for me. Both offices are based in the same western European country.

1) PwC: it's a full time graduate programme in the Deals department where I'll be rotating every 6 months during 2 years (TS, Restructuring, Corporate Finance) and then from the 3rd year I can choose the team where I wish to stay.

2) Regional M&A Boutique in Europe: leader in the country but not known internationally. It's a 6-month internship and the idea is to convert FT right after.

I've summarised the main points for each option:

PwC: it's a good brand for exit opportunities, known internationally and good for global mobility (moving from office to office). Lots of training (CFA etc). It's a full time job, good schedules and exposure to big clients. I'm afraid about the lack of ownership/responsibilities/exposure as a Junior at a B4, and comp is very low in Europe.

IB Boutique: it's a leading M&A and DCM boutique in the country, growing extremely fast and competing with BB's. More exposure to senior bankers and clients than PwC. Slightly higher comp than PwC although worse hours. Better exit opportunities than PwC for VC and PE. Less formal training than PwC but I imagine the learning curve is far greater.

I'm leaning towards IB at the moment since it's more prestigious overall but afraid that, as it's not known globally, I'll be better off taking the PwC offer if I ever want to move out of the country. On the other hand, PwC guarantees me a FT job while the boutique doesn't (in case I don't convert, I'll be back to square one...)

I only have a couple of days left before I need to sign the contract so I'm happy to hear your feedback/advice! Thanks