Help with Offer Choice
Hey everybody- I am looking for some career help. I'm currently a 2nd year analyst in CIB Credit at JPM and I really like it because we actually work on transactions and handle clients and don't just do compliance things. I have been offered a role as a healthcare coverage analyst at a Japanese bank (mizuho/smbc/nomura) but not sure if the move is worth it. I know the bank would be a slight downgrade but wouldn't the role be better for me in the long run? I am looking to make it to IB at an EB/BB either through laterals or an MBA.
I'd 1000% stay where you are
Why do you say that?
If you aren’t interested in the private credit exit and want to do IBD 100% take it. The answer is generally much more clear cut as a graduate (Japanese bank >> JPM Private Credit) but when you have those two years it can open up some PC opportunities so maybe consider those
Yeah I started last summer so technically I only have one year of experience, but you're right (I went through a full PC recruiting process a few weeks back and they were definitely interested). I am interested in IBD long-term though and think maybe doing IBD for a couple years and then getting an MBA and re-recruiting for IB associate jobs would be best.
If you ultimately want to do IB, yes take it. The lateral market's almost dead at the moment.
Once it bounces back you'll have much better chance of lateralling to a higher tier bank from a IB shop no matter how much of a downgrade it is right now than from credit risk.
Depends on which Japanese bank. If its Mizuho or Nomura, take it. If SMBC, possibly reconsider.
what's wrong with SMBC?
All their coverage groups are a straight dumpster fire.
Respectfully disagree. Their Autos and TMT teams punch above their weight. I don't know who told you that.
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