I've seen in other threads that people still get 60k base even in charlotte. what about bonus? also, what are the most common exit opps from these shops?
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I've heard of people going from small shops in Toronto to BB in NYC. I'm guessing, in general, there must be some good exit opportunites from any decent IB Boutique shop.
Thank you, kind sir, for bestowing upon us this abundant cornucopia of knowledge. I'm sure it reassures all the prospective Wachovia analysts to know that "you're guessing" that "there must be some good exit opportunities."
bigdirs - I can attest that the bonus is the same, believe it or not.
the pay and bonus is the same -which is a lot. the cost of living difference is HUGE. send me a message if you have any questions.
aside from a very small number of real estate and general industries bankers, i don't think think that BofA has any industry bankers down in charlotte; the charlotte office is mostly debt capital markets and trading. all of that is likely to disappear after 2008, when the entire investment bank is expected to relocate to bas' new tower over bryant park in new york.
as far as Wachovia goes, while it's not a bulge bracket by any means, its analyst placement in respectable mid-market shops (read NOT the bains, kkrs, tpgs, carlyles, etc. of the world) is actually quite impressive. one thing that wachovia does particularly well is that it brings many decent pe shops and hedge funds in for in-house interviewing of analysts.
at any rate if you can't get any better offers, i would have no hesistation going either route. both pay EXACTLY new york street figures and both are good enough to provide you with decent exit ops as long as you're not aiming to join tpg, carlyle, etc.
thanks a lot for the responses. i'm looking for internships and both heavily recruit at my school. they seem like very good, though not top tier firms.
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