Advice Picking Between Offers ( Boutique / BB )
I am currently in a situation where I have 4 outcomes. GS financing group, Solomon Partners M&A ( top group ), BOFA Public Finance. Those are the offers and have a upcoming Citi Superday, the Citi Superday is after offers explode. GS financing group would most likely be a ECM or DCM team ( slight chance of Lev Fin ). What should I do?
If you're dead set on PE / investing afterwards, take Solomon Partners and renege if you get Citi. You'll place fine.
If you want to keep options open take GS and try to make an internal / lateral move if you don't like it. For most corporate roles the brand on your resume is going to carry a lot of weight.
So here is my thing. I am almost 100% sure that I want to get into PE. However, I have a slight interest in HF. In regards to reneging how would that go ( I have read horror stories )? Also, if I were to take Solomon over Citi, how much would that impact my future? In terms of recruiting potentially, is Solomon a good place to go?
My friends who went to Solomon placed very well in PE (any well regarded UMM / MM will be in play), and they've made some big MD hires recently. I'd search LinkedIn to see where people end up if you're concerned, but Solomon's a reputable bank.
In terms of reneging, it's really only a burned bridge at Solomon. Nobody's actually going to call their friends at other banks and tell them not to hire you.
But let's say I did like the team at Solomon and the fact that it's a lean team ( more exposure ), would Citi still be the move?
Also, would you say it would be worth re-ecruiting senior year to other bank, or would I be fine? My goal is not really being at MF, I ideally want to be part of the new forming firm or join a successful small shop where I can get to partner quickly.
Citi is still the move either way, gives you more optionality plus you won't have to worry about re-recruiting senior year. I think the "lean team" thing gets oversold - you're interviewing like 3 months into your job and recruiters generally view Citi better than Solomon.
Also, given this is only an internship, I would take Solomon over GS. If your goal is IBD, it's better to have IBD experience vs. capital markets.
Now, if I do not get Citi, should I chill out with recruiting and sort of be ok with Solomon? I honestly do not care where I go ( not looking for personal prestige ). Just want to be somewhere where I will learn and have opportunities in the future (PE/HF).
I think always worth applying to see what you can get - but yeah being at Solomon's a totally acceptable outcome for FT.
Is this for SA or FT?
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