What choice should I make?
Hello everyone!
It's my 1st post although it's not my 1st time browsing the forum. I want to ask you for your opinion and I'd be very thankful for any responds.
So here's my story:
Last year bachelor student in Economics in Central and Eastern Europe university. I'm going to job interviews and today I was approved for a credit rating specialist in Raiffeisen bank. I'm also waiting for a reply from Ernst & Young if I have qualified for a 3rd meeting with them. I passed their exams and an interview with a manager. The work would be auditing, accounting, taxing.
My goal is to pursue a MSc Finance / MSc Financial engineering and work in an IB or in the PE field. I understand the importance of previous experience both for MSc programs and for IB/PE recruiting. The work at Raiffeisen bank is full-time and in E&Y there's a 6-month intership eventually followed by an offer for a permanent position.
My question is what is the better choice given my career aspirations. How Raiffeisen bank stands against E&Y in terms of recognition?
Thank you for your time.
Do you want to stay in this geographic area for your further studies as well as professional career?
Also, please specify: you want to gain work experience for how many years before you aim to pursue a MSc degree?
How did your efforts to apply for IB (also regionally!) go so far?
I would like to pursue a career elsewhere. USA/UK/Sweden are close to my heart. So I'm aiming at a Msc degree from a university in UK(still cheaper than most US programs). I always thought I would enroll in a Msc right after I complete my bachelor degree, but the global crisis has discouraged me to rush it. I was thinking ot working for 1-2 years and then eventually going to study abroad.
I haven't applied for any IB so far, firstly because it's impossible for me to leave my country until I finish my bachelor degree and secondly because the so-called IB in my country is a circus. Our financial markets are dead(not as a result from the crisis). So really there aren't many IB opportunities in my country and as for the PE industry they are hardly recruiting.
RIAG has a good rep and always better deal flow in comparison to many others in CEE. Unicredit would be my first pick for the region (that's the closest thing to real IB you can get in CEE). The Big4 are mandated for a hell lot of deals but to be honest mostly chicken shit to small. PE recruiting is kind of ok in this region as you have many small active funds over there. They're happy to take on TAS people, but as far as I experienced PWC/KPMG have a far better rep than E&Y. I personally was also not so happy working together with them in the Baltics. RIAG is def. Top 5 in the region but not comparable to the IBs u'll find in Western Europe. For which country are you recruiting?
I think outside of CEE and the German speaking countries, Raiffeisen is hardly known. It's mainly known as a consumer bank. Due to its internationality, E&Y would be my recommendation out of the 2 choices you gave.
However, a consulting role would probably be more beneficial than an accounting position. Just to get accepted for a MSc abroad, working in an international non-profit/-governmental organization might also be a good start. However, if you need to/want to earn money to finance your studies, Big4 or a larger strategy consultancy seems like a good solution.
I have some experience with NGO as I'm a country representative for such a youth organization.
Unfortunately, I'm pressed for time because I'm expecting a call from the RB HR team with a final offer and working conditions. I'm also expecting a call from E&Y but they are getting late.
I resident in Bulgaria.
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