DB Middle Office vs RBS Middle Office

RBS - t+1 p&l analyst pro: higher base pay con: outside of the city

DB - t+0 t+1 analyst pro: more prestigious (?) bank + in the city con: lower base pay

if you were offered both, which would you choose? any opinions on how RBS vs DB would look on a resume in the future?

10 Comments
 
Best Response

^ THIS

Also, if you want to network over to FO, be in NYC. You'll meet more people in line for a hot dog than you will in a week of hardcore networking in east bumfkuc. If you're shooting for IBD / ER / S&T / AM then a couple thousand dollar hit (what are we talking here, $3K?) will be worth it in the long run.

Get busy living
 
UFOinsider^ THIS

Also, if you want to network over to FO, be in NYC. You'll meet more people in line for a hot dog than you will in a week of hardcore networking in east bumfkuc. If you're shooting for IBD / ER / S&T / AM then a couple thousand dollar hit (what are we talking here, $3K?) will be worth it in the long run.

Very well said. The value of being able to network while in NYC is priceless, especially if you are aiming for a FO position

 

I met UFO while he was standing in line for a hot dog. We then got lunch too.

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

Maybe you'll be the exception, but coming from a BB middle office role, you don't get a lot of looks at FO jobs - so I honestly don't think being "in the door" at one means much.

But that's just me - someone who's actually worked in a MO role in a BB firm. I would have gladly taken a few thousand more a year and lower cost of living if I knew that it didn't really matter.

And the fact that RBS laid off a bunch of bankers doesn't mean anything for MO roles. So, unless you get the sense they are still restructuring, I wouldn't care about that.

Then again, being in the city gives you an edge over lateraling into a better position that you might not get in the burbs. 5% is better than 0%, for sure. You just need to determine what that slim chance means to you in terms of salary/cost of living.

 
NorthEastIdiotMaybe you'll be the exception, but coming from a BB middle office role, you don't get a lot of looks at FO jobs - so I honestly don't think being "in the door" at one means much.
DB is really good about letting people move from BO/MO -> FO, it's part of the legacy from the GS bankers they pulled in when DB first expanded into the USA. I've heard there are people on this site, indeed this very page, that have moved from BO -> FO at DB, but I could be mistaken. The other bank is an inferior brand and it doesn't MATTER if they are restructuring: they're really bad about letting people transfer.
FlakeI met UFO while he was standing in line for a hot dog. We then got lunch too.
no homo

....and if I recall correctly, we got Adrienne's

Get busy living
 

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