FT - Commercial Bank or Private Bank?
Alright friends, I had the joy of making a brutal career choice today. Brutal, because I could see myself in both positions, and I wasn't totally sure about what I wanted to do. I went with my gut and the choice is made, but I'd still like to hear other thoughts on it.
Here's the deal - interning at a BB in the commercial bank, and somehow got FT offers from the commercial bank & private bank (I talked to them a little through the course of the internship). Long term career goal is to do cross-border M&A, but the M&A market's a bit slow right now and hiring isn't exactly at an all time high (especially given my mediocre resume).
My analysis:
Analyst with the Commercial Bank -
Structure debt (work on new deals)
Perform industry analysis & financial statement analysis
Get client interaction
Get some M&A exposure via debt-funded M&A activity
Get some international exposure via US multi-nationals & subs of foreign multi-nationals
Analyst with the Private Bank -
Prepare client deliverables
Learn to analyze the markets (debt & equity)
Understand portfolio building & portfolio management
Get exposure to high net work individuals
Learn about estate planning & taxes as they apply to super rich people
Which one would you have picked and why?
If you end goal is M&A, the answer is quite obvious, don't you think?
I thought so, plus there were soft factors (people, culture) that swayed my vote, but I'm not any particular expert so I figured I'd ask. Who knows, I could have gone in the complete wrong direction.
Dignissimos nobis et corrupti totam aspernatur et et voluptatem. Minima eligendi officiis nihil et.
Eum harum fugit ut modi perferendis repellendus. Eligendi ullam minus explicabo rerum aspernatur ad nihil. Eius maxime corporis laboriosam accusantium et quas quia qui.
At qui accusantium quasi accusantium impedit. Deleniti fugiat nesciunt rerum.
Aut inventore voluptatum voluptas. Repudiandae fuga dolore omnis. Similique cumque magnam facilis praesentium eos. Cumque fugiat modi ea. Dolores et quos eaque est et.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...