Need advice evaluating career path
Updated with more questions
I'm trying to compare several choices as a college senior from target school:
- Doing asset backed securities at a top 5 US bank (think Bank of America, Wells Fargo, PNC, Citi), with pay comparable to BB.
- PE at a 500MM shop doing natural resources deals. The work is mainly pro formas, maintenance of the property (i.e. making sure all the legal docs are good, getting contractors and suppliers to do their work)...there's some level of modeling with comps when evaluating a new deal.
- Doing equity research at a respectable prop shop in Chicago.
I'd like to work in a HF or PE shop a few years out of college- primarily doing investment management on securities. Any advice on pro's/con's with each and anything else I should keep in mind when making a decision?
Thanks!
First off cross off #3.
PNC is not really comparable there, I believe the known big ones are JP, Wells, BoA, and Citi.
Anyways, go with #1 unless it's PNC. PNC has ABS only and not real banking and therefore its exit ops are limited compared to the other banks.
2 is also risky since it sounds like a pretty small shop and limited experience. Make sure you get to do REAL work.Overall though I'd pick #1.
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