Top BB Continental Europe vs low BB London

Fortunate to hold 2 FT offers. One from a low BB in London where I converted my summer internship and the other from a top BB in Paris/FFM. My ultimate goal is large cap PE in London and I also want to go back to London asap as I prefer to live in that city. I am conflicted as with the low BB I would probably need to lateral to a better bank before aiming for PE which is not guaranteed. With the top BB I would need to do 2 years in the local office before requesting an internal transfer but that means 2 years far away from my friends there. Ideally I could exit directly to London PE from continental Europe but I guess it is not common.

What would you recommend me to do?

4 Comments
 

Based on the most helpful WSO content, here are some insights to help you decide between the two offers:

Considerations for Top BB in Paris/FFM:

  • Reputation and Training: A top BB in Paris/FFM will provide strong training and a reputable brand name, which can be advantageous for your resume.
  • Internal Transfer: After two years, you could request an internal transfer to London. This path is more structured and might offer a smoother transition to a better position in London.
  • PE Exit Opportunities: While it is less common to exit directly to London PE from continental Europe, the top BB brand might still open doors for you in the PE market.

Considerations for Low BB in London:

  • Location Preference: You prefer living in London and being close to your friends, which is a significant personal factor.
  • Lateral Move: You might need to lateral to a better bank before aiming for large cap PE, which is not guaranteed and could be challenging.
  • Immediate Network: Being in London immediately allows you to start building your network in the city where you ultimately want to work.

Recommendations:

  1. Top BB in Paris/FFM:

    • Pros: Strong brand, structured internal transfer process, solid training.
    • Cons: Two years away from London, less common direct exit to London PE.
  2. Low BB in London:

    • Pros: Immediate presence in London, close to friends, start building your network.
    • Cons: Potential need for a lateral move, less prestigious brand.

Conclusion:

If your ultimate goal is large cap PE in London and you value the brand and training, the top BB in Paris/FFM might be the better long-term choice despite the initial two-year commitment away from London. However, if your immediate personal preference and network-building in London are more critical, the low BB in London could be more suitable, keeping in mind the potential need for a lateral move.

For further insights, you can refer to the WSO thread on advice for new analysts seeking PE exits: https://www.wallstreetoasis.com/forum/investment-banking/advice-for-new…</a">Advice for New Analysts Seeking PE Exits.

Sources: Choose Between Two Offers (BB/MBB) - Looking for Advice, Q&amp;A: MBB Manager Continental Europe, Advice for New Analysts Seeking PE Exits, Oliver Wyman London vs Bain in Continental Europe, Do banking and PE make you a better business owner?

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

The move here is definitely going to the top bb. Just look at LinkedIn, many folk go back to London from the continent to do PE. I used to be at a lower BB in London and your comp is worse + the looks you get are not the most amazing either…

 

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