Rejected FLDP for Big 4 TS, end goal IBD. Did I make a mistake?
The FLDP had a great location too in major financial metropolis, and some very finance-oriented rotations, including ones in financial modeling to support corp dev (but not directly corp dev), ones in credit analysis, and the like. However, to avoid potentially boring accounting focused rotations that are prevalent in all FLDP programs (and these are yearlong rotations, I was also told I'd have no choice over 1st rotation as it's just leftovers from positions that the more senior ppl in the FLDP didn't pick), I rejected FLDP in favor of TS which at least gives exposure to M&A process. The TS job will consist of rotations between AAS (Accounting Advisory Services, which is boring) and FDD (Financial Due Diligence), with the SMALL potential for rotations in Corp Fin (IBD) and Restructuring Advisory, but the latter are not guaranteed and unlikely. It'll most likely place me in FDD at the end.
With the end goal being top MBA > IB Associate, did I make the right choice for first job out of undergrad?
Hmm, I would've gone with FLDP
Why is the FLDP superior?
In the Big4, the competition to get into M&A/Corp fin type projects is really high. So, you've got to work real hard and be amongst the top. Also, wouldn't the FLDP pay more than Big4? unless its not a F100 type company..
either way, your still in safe hands. maybe i'm just a little biased based on my own experiences in life.. hehe
Perhaps..
I also have to take tons of winter classes this semester in order to complete my CPA/Accounting requirements for the Big 4 job, whereas if I accepted FLDP that wouldn't be necessary.
I'm having major regrets now...this is a terrible feeling. Should I try to renege on Big 4 and call back the company I rejected?
Also the big 4 had a higher salary, but I'm not doing it for the money.
It's too late now, and you're going to be fine either way if your plan is to get an MBA.
Quit freaking out about it. Either option has its strengths and weaknesses and you are just as likely to get looks with either option. Make the best of the experience and learn what you can.
Great life advice. Can't have too much FOMO or you will always be unhappy
Thanks Mephistopheles. I understand that TS has a few strengths, but the more I look at LinkedIn profiles of the current FLDP analysts in interesting 1st year rotations (like the one in Treasury- Capital Markets doing prop trading), the more I regret this decision. This FLDP was a goldmine that I didn't do enough research into until after I rejected it (the HR gave me an exploding offer and refused me extra time to consider it though...)
It's a lesser known company but within Fortune 100 nonetheless, and they seem to have a very unique FLDP with rotations you won't see elsewhere. If there are any aspiring fldps out there, feel free to PM me for the company name. They seem to take online apps (I got it thru cold online app) instead of on campus recruiting and I won't be able to take advantage of this anymore anyways.
I think TS at a Big 4 would be fine for your goals. It is likely that you can have options to switch to M&A while doing FDD at Big 4
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