Rabobank NYC IB vs Corporate Treasury at BB
Currently sitting on two summer analyst offers and was hoping for some insight from the WSO community. The two offers that I am debating between are a corporate treasury position at a top BB (GS, MS, JP), and an IB summer analyst position with Rabobank.
I tried doing some research into Rabobank, but information is really scarce, so I was wondering if anyone could provide any information regarding the bank's deal flow and exit opportunities, and if the "superior" role with a lesser known company outweighs the name-brand value of a top BB. I understand that the two roles are very different, so I'm really just looking for more information about Rabobank's NYC banking business. Thanks in advance!
go to BB it has a name which always matter, Rabobank does a lot of agriculture stuff and I'm pretty sure the culture and exits suck
replied to wrong person
Unless you mean corporate treasury sales at the BB, which sits within corporate banking and could possibly give you the chance to lateral (and wouldn’t necessarily be a bad place to start your career if you’re interested in the commercial side), then take Rabobank. You are literally talking about FO vs BO, so please don’t listen to what a prospect has to say about this.
no worries man, for me from what I have heard from people in the industry the BB name open up opportunities for you. How hard would the FT process be, if i did an SA as a CB
Can you expand upon what you mean? Commercial banking or corporate banking? BB or smaller regional? And do you intend to recruit IB full time or?
Can you expand on corporate treasury sales at a BB within a corporate bank? I have the opportunity to work in that division as a summer analyst and would like to know whether this is a good role going into full-time recruiting, or if this is a good place to work after graduation if I were to receive a return offer?
The name doesn’t mean anything if your working in the back office. Take Rabobank if you want to do a FO role.
Rabo owns the ag world. If you're interested in that industry, they win more deals than anyone. Also can't go wrong joining a good institution and performing well as they look to retain talent and careers are built over decades not years. That said, if you like Ag, Rabobank would be an awesome place to work.
Definitely good to hear that they win some decent deal flow. Just curious, do you know what some common exits are for analysts? I tried using the linkedin filters but didn't really come up with anything decisive.
Exits are always what you make of it. At a place like Rabo, obviously any type of Ag PE/investing would be a natural fit, but you could lateral to another bank or go to a non-Ag focused PE firm as long as your skills are sharp. Could also exit into corp. dev, with an Ag company being the easiest to exit to given the experience you'll have in that sector.
Take Rabo and lateral to a better bank next year
I would say take the Corporate Treasury at a BB - the BB name will definitely help you out more. Rabobank might give you some experience but it will be in a) an industry that isn't very well regarded/relevant, and b) just isn't a very strong bank when it comes to exits. I'm only an intern but I have a friend who was an analyst there - told me to run far away.
Brand name is meaningless if it’s back office. Regional boutique IBD > GS back office. And at least Rabobank has a global and recognizable name
Rabobank is well-known for its Food & Agri M&A expertise. At least here in Europe they are the most reputable bank in that particular sector. Globally, they seembto be recognised by others as well.
Rabobank, no question.
The BB role sounds like a back office one. Once you go back office, you can't come back. It's nearly impossible to break out of being labelled a 'back office person' unless you do an MBA years later to reboot your career. Sure, the BB brand is nice and all, but there are next to zero laterally opportunities available these days to move from a BO role to a FO role, esp in a large BB. I realize you're early in your career, this is just a summer analyst role and the BB label sounds great, BUT the reality is your career is cumulative and this role will be a building block for future roles. You do not want to have any BO work experience on your CV if your goal is a front office job.
Beyond the job brand CV impact, what will you learn from the BB corp treasury role? How will this propel your career going forward? Whatever you learn from Rabo will position you better for other FO jobs in the future.
Sure, Rabo isn't a household name and probably won't impress your parents but at the end of the day you'll have a better work exp and it will move your IB career forward direction relative to the BB back office role.
Is there process still going on for corp finance summer analyst program?
With Rabobank, isn't "corporate finance" the same as investment banking?
I have a buddy who's at Rabo. They do a really good job training the juniors and pay decently, more or less normal IB market. People are nice, which may be a given that it's a European bank. You will learn a lot and get a great experience. Not a bad seat, especially in this market, and literally miles, and miles ahead of any MO/BO role. Take Rabo. Also, for exits try searching Rabo Securities, I believe that's their official IB name.
Thanks for the reply! Just curious: do you know anything about the bank's deal flow and if they actually close deals?
does rabo spsonsor
Rabo hands down
Yes - I think they take a lot of internationals as a Euro bank
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