I'm in grad school, considering a career in finance, and still learning about the financial industry. I hear a lot about bulge brackets and it seems lots of people want to work in one. But why is it so great to work at a BB? They don't necessarily pay better than boutiques. What are the benefits? I am interested math-heavy roles in structured derivatives / exotics and quant shops. Not going the investment banking route.
Does working for a BB matter much in my case?
All about the name and usually bigger deals.
Aren't deals more related to IB? If you're not working in IB would bigger deals matter?
Honestly, if you are looking at getting on a trading desk, I have a feeling for you there isn't much to be gained with the brand name of a BB, except of course being able to put it on your resume. That's always worth whatever your next employer is willing to pay, so to speak. But the more quant-heavy your role, I have a feeling the less you'll care. After all, numbers are the be-all end-all, not so much prestige as it is for bankers. Quant opportunities might be better at a BB vs. a boutique shop, but if you're also looking at prop shops, then you might already know where you really want to end up anyway. These are just my observations from conversations with others, take what I have to say with a grain of salt.
Atque rerum similique officia dolorem suscipit recusandae. Saepe quaerat odio beatae maiores sit. Eum et numquam ut odio quaerat consequatur neque rem. Occaecati quis dicta praesentium est necessitatibus repellat. Est tenetur eligendi quae voluptas necessitatibus praesentium autem. Reiciendis adipisci pariatur pariatur velit alias.
Totam culpa consequatur repellat deleniti reiciendis. Quam ut placeat est voluptatem vero tempora. Aliquid tempore aut minus illo sint. Vel ut doloribus consequatur consequuntur libero possimus id. Animi voluptatem debitis adipisci quam et aut totam. Dolorum omnis et consequatur hic.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...