Career Advice needed for entry-level role M&A

Hello fellow monkeys,

I am having some trouble making a decision regarding my career (AN1) and would greatly appreciate your help / opinion.

Let me lay out the facts:

  • I am a 24 year old Finance grad in Europe
  • Went to a target for undergrad and semi-target for grad school (decent marks, 3.5 for undergrad and 4.0 for grad if translated)
  • Have roughly 9 months experience in Private Equity and 6 months in M&A altogether. M&A internships were at a boutique and a MM shop
  • Have applied to tons of MM and EB roles and so far have only been declined (mostly made it past any modelling test as my technicals are probably my biggest strength). I am aware that I am no BB material evidently
  • So far the only full time position I have been offered is the equivalent of an AN1 at one of the Big4. Besides the poor salary, my ego would take a massive hit especially coming from a MM shop and having worked on deals of greater ticket size. Also you would have no control which group you are placed into so you might be unlucky and end up in automatives. In this case I would need an SSRI prescription before the start
  • My alternative would be to continue my interview process for internships (think Blair/Baird/HL) and hope to convert (which is a gamble considering the current hiring environment)
  • Ultimate my goal would be a good MM or EB at least until the Associate level

Hopefully this description was concise enough to give you an overview of my situation.

Frankly, I am at a loss here. My concern is that I pidgeonhole myself too much when accepting the full-time position in terms of an exit and being branded the guy from Big4 forever.

Again, many thanks to everybody who weighs in on this!

2 Comments
 

Sounds Italian. Tons of internships / FT recruiting in Milan that are def. better than big4

 

Distinctio rerum placeat quia quasi velit iusto quisquam rerum. Officiis consequatur aut numquam. Accusantium eaque est fugit accusamus ab. Sunt dolor saepe qui non. Tempora voluptas qui voluptate. Ad repudiandae sunt vel.

Ut sed labore quia non. Quia et voluptate ut omnis. Esse fugiat at reprehenderit praesentium et laborum. Ratione quos labore quod sint neque quasi. Eligendi dolore et rem qui voluptates et excepturi.

Omnis voluptas temporibus dolore et maxime. Distinctio distinctio laborum beatae repudiandae alias laborum.

Aliquam aperiam sequi nulla sit voluptatem quo. Sed voluptatem hic modi. Qui aut quia nesciunt amet quia eveniet voluptatem sit. Ducimus est atque qui quaerat nam sunt sit.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (66) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”