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Assuming you do not want to be a toilet cleaner in PE, you should obviously pick the financial sponsor role in the French balance sheet bank. A COO role at an EB or anywhere is essentially a MO role, you won't be working on any transferable skills. 

Assuming you want to work in MF PE, your best role is to start your career in the French bank, try to lateral to a top-3 BB within a year and then recruit for PE.

 

To give more info the offer at EB is 60 k pound with 20% bonus the offer at sponsor is 40 k trainee contract for a year and after one year it becomes around 60 k with higher bonus

 

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