Would you burn this bridge?
I already accepted a one-year-long rotational investment banking analyst program at one of the largest multinational banks in Spain. The background check and everything has already been completed, and I am about to start next week. At the end of this program, I would have the opportunity to apply to permanent positions at the bank.
However, I just received an offer for a permanent full-time M&A analyst position at one of the largest 5 Canadian investment banks. In this role, there will be no rotational aspect, and I would be covering only the Media & Telecom industry. I would not be covering technology.
In terms of training provided, I think the one year rotational analyst program would provide a more formalized training as I will be joining an analyst class rather than joining as a lone analyst. However, I believe that the rotational analyst program is more focused on capital market transactions (origination, syndication, execution, etc) than it is on M&A. Not completely sure about this though.
And in terms of compensation, in the rotational analyst program, I would be earning around $38 per hour between 9 am and 5 pm and around $57 per hour during other hours. I won’t be eligible for bonus. At the Canadian bank, I would get a competitive base salary and bonus.
In terms of long-term career prospects, which would you choose and would you burn the bridge?
Canadian - easy choice on this one
But why?
Go to the canadian bank. Better lateral and long-term prospects should you want to make a switch laterally or later to PE. Burning a bridge is a complete non-factor here dw about reneging and do what’s best for you
Definitely the Canadian
Take the FT M&A role for sure. I am also curious about where that offer is. Also in Spain?
Both are for the NYC office
Take the Canadian option. I am guessing it may be Santander you're looking into. I believe that all the Canadian banks in NYC are much better options.
Take the full-time offer, will create better opportunities for you long term
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