Background (people might have seen this before or read it before by now): 3.7 GPA, non-finance, non-target, athlete (D1 tennis) who got to the recruiting season late.
Dilemma: 1. Offered a job for Trading Desk (think Edward Jones, Wells Fargo etc). Below average pay (compared to industry average), great benefits and such. Decent enough short term starting job. Not really what I wish to be doing but it is a job and a start for someone with no financial job experience.
2. In the process of applying to Washington University's (Olin) Masters in Finance program (corporate finance track not quant). I beat the avg GPA. Enrolled in Veritas Prep course for GMAT and will take it in 1.5 months. IF I get in, more opportunities should open up, great network, great school, I'll get the technical skills I need etc etc.
The issue here is that the firm wants an answer by Tuesday. I only apply to Olin on Feb 15. If I spurn the offer and don't get into WashU, I'll be left with nothing. If I take the offer, I'm not sure it'll work towards my end goal of being on the buy side and maybe, even going to a Harvard, Wharton and such for my MBA.
Thoughts? Just looking for what people would do in my situation and/or any advice. Let me know if you need something explained more.
When does the job start?
June 1 2014
anyone else?
Accept and renege if you have to in order to do something better. I loved Lehman, but if someone would have paid me an extra $10MM per year and comped me for my restricted stock, I could have bled something other than green. This is the business world son.
Will it hurt my chances of employment at other IBD places or bigger banks?
No. Nobody gives a shit about Edward Jones or Wells Fargo. And, nobody will even know, unless you tell them or if you have a securities license there. Many people quit jobs for better opportunities. It's like natural selection for your career. A full grown male lion killing a baby gazelle is not good or evil, it's just survival.
Alright. Thanks. Just wanted to be sure.
Go with WF over Jones if you have the option.
Wish I had the option. Just have the option of EJ or applying to Masters in Finance programs
Nobody at EJ will have any say over your career down the line. Accept the offer and apply to Olin. If you dont get in, you have a job. If you do get into Olin, there will still be a bit of time before you get on the job to renege on the offer. Handle it properly, be apologetic, explain a change in interests etc. and they just move on.
Good luck.
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