Havent been around here terribly long which is probably why I'm in this situation. I grew up in the Northern plains, a long ways away from the world of finance on Wall Street. Going through college I became more and more interested in high finance but really wasn't sure which niche I wanted. Graduated in May of 2012 from a non target with a 3.4 GPA in Finance but didn't have anything lined up. Took the CFA and passed Level 1 in June because I want to someday become a PM.
Upon graduation and going thru the endless job hunt I'm having a hard time finding something to get me on the the right track to a buyside role someday. Recently decided that really I should be doing investment banking to put me on that track but of course it's a little too late. Interviewed at a boutique in the Midwest (where I really want to be) but didn't make it past 2 of the 3 rounds despite what I thought was a good interview day.
Now I find myself possibly getting an offer for commercial/corporate banking for a credit analyst type training program at a large global bank where they lend only to technology start ups (I'm sure a quick google and you can figure out who this is).
Do you have any advice for my situation? Should I take the offer and do the training program then do MBA and try to leverage experience for an Associate role? Maybe this position isn't as bad as a start for my career as I think? Any advice is appreciated.
Yes, take the job. You need a job. Then you can try to network within the bank/make contacts/network with the cfa/go to business school/etc to try and get to a role you want to get in. But the longer you are unemployed the tougher it will be for you to get any half way decent paying job at all.
Take the job. If it's SVB or someone similar, it will be a good opportunity to learn about the tech sector and build a network. It's not a great track to becoming a PM, but it could lead to other opportunities. You could possibly also lateral to a boutique IB after a year or two. I am aware of someone who made that switch.
Also in a similar situation as yours, except I'm graduating soon and I just signed a return offer for my MO SA.
On one hand, it's good to have an offer locked down, but it's not ideally where I want to be. Guess it's all part of the journey.
At this point you're not really in a position to pick and choose. Take the job and go from there. The longer you're in unemployment, the harder it will be to find any kind of job, let alone a decent one. The CFA does look good though. I'd take the job, network and leverage that CFA and maybe after a couple years there go get that MBA and it's a whole new ballgame. CFA+MBA+2 years experience will put you in a good position.
Take the job, it sounds like a decent stepping stone given your position and what you want to end up doing.
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