Career Advice: Getting Hired Laterally or Doing Extra Year for M Acc Degree

I am a currently a 4th-year student in a 5-year program that will allow me to graduate in May 2020 with both a BSM (Finance) degree and a Master of Accounting degree. At any point this semester, I can decide to drop out of the program and graduate next year with just my BSM degree. I would like to work in the restructuring industry after college.

Career Options:

Option 1

  • Accept FT offer at MM IB that specializes in M&A, ECM, and DCM

  • Graduate in May 2019 with BSM degree and begin FT

  • Attempt to lateral to restructuring group at different bank in May 2020

Option 2

  • Stay in program and complete a busy season 2019 accounting internship at one of the Big 4

  • Accept Summer 2019 IB internship offer at a boutique bank with a newly formed restructuring department (and hopefully get assigned to the MD that heads the group)

  • Go through FT analyst recruiting for restructuring (as a college student vs. lateral hiring in Option 1)

  • Start FT in May 2020 in the restructuring group from summer internship or at another bank

Thoughts? Opinions?

2 Comments
 

Hi YungBull, check out these threads:

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  • Lateral Hiring Timing When do most banks conduct lateral hiring for analysts? I've heard its after bonus time, so ... around January- February for most big banks, is this accurate? bb lateral ...
  • More suggestions...

If we're lucky, maybe I can guilt some users to help you out: cwambua vanessa.p.blake David von Pattern

If those topics were completely useless, don't blame me, blame my programmers...

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