Recently Laid Off Analyst Wanting To Avoid a Rebound Job

Little bit of background: I took an unorthodox path to banking without prior internship experience. I went to a target school but did not study business (Econ graduate) and got my start at a small M&A boutique that did surprisingly large deals. I was able to lateral to a mid-tier MM M&A group (better than RJ and Stifel, but not on the HL/HW/WB tier) and was laid off after 8 months. I got some solid experience in this group and even closed two transactions start to finish. Obviously less than ideal getting canned before the year was up.

The IB job market isn't great right now at the analyst level despite recruiting my butt off and making some good industry connections. There are a few job postings for lateral analyst roles at shops like Roths (my top choice), but I have gotten limited traction on these openings. The only banking opportunity I have gotten significant traction on is with a lower MM shop that most people have not heard of outside the industrials world. The group really liked me and made an offer. Base comp is 20% less than market rate for An2 and target bonus is about 50% of that base. Their average transaction size is a fraction of what I have historically worked on and they have a pretty weak brand name. None of their corporate alumni lateral to more prestigious banks either, not even other MMs.

The bank bills the pay and prestige cut as the tradeoff for better hours (they target 55-60/week) and the fact that people tend to stay with the bank for long stints. Whether or not this is true remains to be seen. The point is that, in my mind, this opportunity feels like a very average rebound job and certainly not what I was shooting for. That said, being out of a job absolutely blows and an offer in hand is worth more than anything else. Would I be a moron to turn down this offer and take a gamble that something else will come along soon? The way I see it, I either need to take this role and grind it out to associate before lateraling again or turn them down and hope for something else. I do not think lateraling again at the analyst level is desirable, let alone possible. Thanks in advance for any insight you guys have.