Need to Decide Between Offers - Help!!!

I'm graduating next week and currently have one, potentially two or three, offers for full-time jobs. I'm not assuming I'm getting those other offers, so don't think I'm being an asshole, just trying to weigh my potential options. For some context, I'm a senior coming from a non-target, 3.7 GPA, and decent internship experience. My long-term career goal is to work in portfolio management or research at an asset/investment management firm. I'd love some input on which of the two, or three, would be the best option with my goal in mind.

First: Investment Operations Analyst at Insurance's Investment Management

The role is on a team that is starting a project to combine all asset classes that they deal into one accounting system. I would have to become familiar with the product, derivatives to start, and then familiarize myself with other products as we combine those into the new system as well such as fixed-income, private capital, real estate, etc. 

The company is the investment arm of a large insurance company. They have >$250 B in AUM, and the opportunity to work at a buy-side asset manager, albeit in ops, is really tempting. In all of my interviews, I was told how they support internal mobility, and even help people progress into front-office in some cases. They also have a great culture and work from home Monday and Friday, which is really nice.

The compensation is $65k, the benefits are good from what I can tell, and I like the lady that I would be working under. My plan is to pursue a CFA, and network with front-office people as much as I can, so hopefully I can set myself up for a jump upwards at some point.

Second: Treasury Analyst at a Private Bank

In this role I would be monitoring client cash projects to help handle the firm's liquidity position. I would also be monitoring principal deposit exposure with respect to the firm's credit and risk criteria. There are more functions but I'm sure you guys get the gist.

Here's the slight issue. The bank's Investor Services division was acquired by a much larger, public asset manager, I'm talking huge. I'm sure some of you may be able to guess which company I am referring to based on recent-ish news. I networked with a trader that said that if the team I'm working in is moving over in the acquisition, then maybe it would not be the best move. I'm not sure of the implications as far as job-security are, but if any of you have an idea please feel free to share.

I haven't received an offer for this role, but I had my final round interview for it this morning. The interviewer said that my previous interviewers mentioned great conversations and questions on my part, that they were multiple open positions, and that I was the last interview before their meeting on discussing candidates (shoutout recency bias, jk lmao). I'm not sure about compensation and benefits, but from what I can find on Glassdoor I think it would be in the ballpark of my first offer, around $60-65k. I feel like this role is a step-up from operations, more middle-office, and might be the best option based on the actual work I'd be doing.

Third: Client Service Associate at PWM Firm

This role is straight up grunt work. It really is just responding to UHNW client's ad-hoc requests, sending wires, filling out paperwork, etc.

However, the firm has a pretty cool culture and is connected to some very interesting, and I'd even say famous, people. It seems that if you are willing to do the dirty work for a few years, you have a good chance of being able moving into a position you want, in advising, portfolio management, research, etc.

I have not received an offer for this position yet, but in my third round interview with two of the partners, they told me candidly that I was one of two finalists and that they would be considering opening up two positions for us both.

However, this role seems the farthest from my long-term goals. I mean if I put in 3-4 years and don't get moved up as they promised, I'd be left with a wasted four years on my resumé that translates to none of the experience I'd need to jump to the types of roles I want.

If you guys read all of that, thank you. I'm trying not to overthink, but this decision has major implications on my career. I'm meeting with my career advisor for my school tomorrow morning to weigh my options, but I'll take all the second and third opinions you guys have. Thanks!

Region

Comments (5)

  • Prospect in AM - Other
May 16, 2022 - 12:42pm

Not in France lmao. No idea why it says that. 

Most Helpful
May 16, 2022 - 3:41pm
DrApeman, what's your opinion? Comment below:

Full disclosure, not a finance guy here. But from what you say, it would appear that #3 just won't give you the skills you want/need for the career you want (no matter how nice the firm is, bit like doing accounting at Amazon.. good company, but not the best opportunity). Meanwhile, #2 looks a tad too uncertain, while #1 seems safer and a good fit, but maybe a little slow on the skills development toward portfolio management.

I would at least discount #3, and then try and see what skills and exposure you'll get in #1 and #2, with a weighted risk. Personally, I'm quite risk averse unless the payout really is worth it, so I'd pick #1, but you may have a completely different philosophy and approach to your career.

  • Prospect in AM - Other
May 16, 2022 - 3:48pm

Really appreciate your input, I think we both have the same thought process on it. I'm meeting with a career advisor at my school tomorrow so I will ask him what he thinks between #1 and #2 in relation to my goals. Thanks!

  • Prospect in AM - Other
May 18, 2022 - 1:08pm

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