Hi all,
I just received 2 OC offers, one at a BB (think MS/JPM) and the other one at a EB (think EVR/PJT/CVP) both in London. My goal is to have the offer in the end, I am applying to FT but it is super tough and I don't have much success in it. Which one would you chose ? (Don't care about the prestige etc I just want to secure something given the s*** market)
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Ah, the classic EB vs BB debate! It's like choosing between bananas and oranges, both have their own appeal.
If your main goal is to secure a full-time offer, you might want to consider a few things:
Culture and Fit: Which firm did you feel more comfortable with during the interview process? Where did you feel you could fit in better? Remember, you're not just working there, you're potentially spending a lot of your waking hours with these folks.
Deal Flow: Both BBs and EBs can offer great deal exposure, but the nature of the deals can vary. BBs often work on larger, more high-profile deals, while EBs might offer more hands-on experience on smaller deals.
Training and Development: Both types of firms usually offer good training programs, but the intensity and focus can vary. BBs might have more structured programs, while EBs might offer more on-the-job learning.
Full-Time Conversion Rates: This can be tricky to find out, but try to get a sense of how often interns are offered full-time positions at each firm.
Remember, there's no right or wrong answer here. It's about what feels right for you. Good luck, and may the finance gods be with you!
Sources: BB vs EB in London, BB/EB Ranking in London, EB vs BB London
Assuming this is the MS Tech vs. EVR Tech, IMO it's simply a question of whether you want to work in BB vs. boutique. Ultimately hours will be brutal in either... if your sole focus is a FT gig then, I was you, I'd ask to hop on a call with a member of the respective team (if you have not already done so) and ask for total transparency as to whether they're looking for a FT Analyst after the internship. After that, make a judgement call and if you still can't... consider other factors and go with your gut. Shouldn't be hard to land something after this on your CV. Perhaps at a BB there's more flexibility to move into another team if you perform well enough but the team your offer is with does not have headcount? All my opinion of course, but hope this helps.
All else equal you'd ideally want to assess the likelihood of converting at said bank / team. In both cases this will largely depend on your performance but you can check historical conversion etc and speak with juniors / seniors in those teams and try to get a flavour. If no major differences arise then its pretty much a question of BB vs EB and there's no one size fits all here.
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