which offer to pick - levfin vs MM coverage

one is levfin with a balance sheet bank on the rise in NY (not BB), the other one is a reputable MM bank's consumer coverage in a small city (low cost of living). Concerned mainly with PE/AM/corp dev exits

 
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I'd take the levfin offer and try to lateral around the 1 year mark

I don't know the consumer space well enough to guess at what MM that is, but unless you are happy with staying in that city/region, I would not go down that path. It is difficult to land legit PE offers from the T2/T3 cities, typically exits heavily focused on that region's local PE shops, and even quite hard to lateral to NY IB.  

IB to AM is not an easy exit, those are coveted seats that people are not giving up too often. PE is more likely, a bit o\f a wide range from shitty firms to legit ones, but it remains that your best opportunities will come from NYC BB/EB/MM and it's worth the trouble of lateraling in the analyst years

 

Got it - yeah I would still prioritize NY. If you want to stay in the LCOL city that's one thing, but if NY is the end game it's very difficult to lateral from smaller markets even if you are in a more traditional coverage. 

The exit to PE gets a little trickier at the ASO level and isn't basically automatic like it is for the analysts, but it still happens with decent frequency. Just make sure you are keeping up a solid network

 

Take the LevFin offer, especially if it’s a place like Truist. I’d still take it if it’s one of the Japanese or international balance sheet banks too.

 

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