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RBS.
Lower pay + NYC costs for a better, but not much better, name in a MO job higher pay, lower cost of living.
You're less likely to get laid off if you go to DB. Go to DB. A bird in the hand is worth 2 in the bush as they say.
RBS just announced 2000 bankers getting laid off...fyi
^ 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
How big of a difference is the salary? Can you also negotiate with DB? You do have some leverage
I met UFO while he was standing in line for a hot dog. We then got lunch too.
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.
....and if I recall correctly, we got Adrienne's
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