Accept offer or chance another interview process and waitlist
Rising junior with SA offer from top MM that expires this week. was not able to accelerate DB interview process but was basically guaranteed an interview in August from MDs. I am also on BAML's waitlist. Should I risk waiting this out and decline my MM? Or just accept it.
The difference between DB and definitely BAML compared to a MM is significant. There's definitely a risk, but the return may definitely be worth it. My advice would be to have confidence in yourself and go for it
Accept
Had a simialr dilemma for FT. Always accept the first offer, then the other offer comes in be it BAML or DB- drop out and take it on instead. This is a ruthless business and the banks would show you no sympathy on the flip side so always do what is in your best interest. I just emailled the offer I renged from and said I decided to take another option (without revealing bank name). Good luck :)
Is this a group-specific offer? I would go top MM without hesitation assuming you are in the group of your choice and there's a cultural fit. BB would give you a slight advantage for exits, but not that much of a gap between top MM and DB. BAML is a different story ONLY if you're able to land the M&A/FSG/LevFin groups, which is far from guaranteed and the rest of the coverage groups mostly end up same places as MM bankers anyways. Don't forget materially higher comp at the MM relative to BBs.
Obviously, if you had offers from all three I would say take BAML and then a toss up between MM and DB depending on bank/group prospects. The reality is that you're only on the waitlist for one and don't even have an interview yet for the other. Not enough reward to justify the level of risk you'd take by letting the MM offer explode.
For reference, I'm at a top BB group myself, but I think MMs are underrated on here. Very bank/group dependent, but FWIW I've seen a ton of MM analysts exit to the same places as many people from my bank.
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