Advice needed on interesting situation

Hey guys,

I was wondering if you have some advice on my situation. I recently graduated from a large, non-target state school, with a 3.7 GPA, and I am currently finishing up a MAcc at a big 10 school (I previously studied accounting, worked at Big 4 audit, and am in the process of passing the CPA tests). I am extremely interested in getting into banking, and my current employment situation is as follows:

I currently have an offer at a no name MM bank in IBD in LA, however it is fairly small (deals no larger than 50MM). I think this is a great firm, and it seems as if the MD would like to keep me around for the long term (over just the standard two years). However, my overall goal is to make it into a BB, or very well known MM bank in the SF area. I am starting in June, and I would love to hear all of your advice on how I should go forward. I have some contacts at bigger banks, and I was wondering what the best time to reach out would be, and if I should do so immediately, or try to get some experience in the industry first.

4 Comments
 

A "no name MM" bank doing $50 million deals? Sounds like a regional boutique to me. Might be tough to lateral as a 1st or 2nd year analyst to a BB. What about MBA after two years?

Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.
 

You have an offer signed and sealed. You've never worked in IB. You have no idea how you'll do in your first IB gig.

And you're already worried about making the next step?

Correct me if I'm wrong.

 

I'd love to get a better name on my resume in terms of long term career advancement, and while yeah I feel like I am worrying prematurely, I would rather be prepared than not. I honestly do think that IB is the right career choice for me, and I would love to get a plan in place as for the next year or two. While I can always change that plan I feel like its better to have one then not.

 

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