Hello,
So I have a choice between two offers, and I was wondering if the WSO community can tell me which firm has the better exit opps? My ultimate goal is eventually to work in a hedge fund greater than $500 million AUM.
One is a FINRA registered broker-dealer that does prop trading and market making in equities. Also, this firm does have institutional clients. Salary I believe is small base and majority bonus. The firm has large portion of revenue in high frequency trading. I would start as a equity trader on a prop desk, and I would get my Series 7, 55, 63.
The second offer is a boutique investment bank in buy-side advisory. This firm is very small with only 6 analysts not including employees. However, my a specific client that I would cover is a private equity firm that does minority investments. Compensation is deal based for the first 4 months, and after this firms deal pipeline goes through the total compensation should become $70,000, depending if at least some deals are completed. Also, deal flow seems to be increasing with this firm.
Anyone?
...tough one. I would try to speak with former employees at each if you can find them on LinkedIn...
the name of the trading firm will be the key here
Its a small trading firm of roughly 35-40 ppl. I don't want to give the name of the firm because its obvious, but they started in 2007 and have become very good at what they do. They have traders that worked in DB, Jeffries, and Citigroup.
Sorry the reason why I dont want to give the name of firm is because of confidentiality.
Trading doesn't really give you many transferable skills, unless you would like to remain a trader at a HF you seek to work at. Keep that in mind.
Yea I agree with trading giving a large skill set. The thing with the Ibank is that it that the main partner has not had a lot of experience. He was a managing director at a Ibank that I have never heard of, but he got his mba at a target, which really doesn't mean much. There is apparently a training program, which is nice about this bank. There is no partners who have experience with BB deals. I probably am being a little ungrateful considering many ppl do not have offers, its just that I don't want to shoot myself in the foot by choosing a firm with low career prospects.
Go with the investment bank boutique.. You will get more transferable skill set
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