What's the better offer for full time recruiting
For reference I go to a non-target with a decent GPA. I started the IB process a little late and wondering what would be the better offer to go with for recruiting for full time. I have the option between a investment banking summer analyst position at a regional bank like regions/citizens/fifth third in Charlotte or a corporate banking position at Wells Fargo in hopefully NY but could also be Charlotte. I wasent sure if a name brand like Wells. would be good for recruiting FT or having a investment banking position at a much smaller bank. I also have the option of latering over at wells after I finish the internship. What does everyone else think
I would go for the IBD summer as, from what I know, it is a bit harder to jump from CB to IB. Except if you’re really good and you can lateral after a year. But a summer in IBD is always good and will open bigger doors + if you get FT after the summer you can lateral to another bank same position after less than a year for sure
I know people who lateral after 3/4 months, it is quite common. CB to IB, not so sure
It’s just my experience, hope it helps
Thanks man that makes sense and helps alot. They main reason is the possibility of NY but that's not guaranteed so I'll have to think on it
Yeah this approach is correct. IBD at a regional bank that is still known (i.e., anyone in IBD is going to have heard of regions / citizens) is for sure better than corp banking (which is also a great offer btw) at a better brand name firm. Also, Wells is one of the shadiest banks on the street so I would rather not have my name associated with it (I have no examples from an IBD perspective but as a well known bank most people associate it with bad things).
That's a good point thank you, having IBD on my resume at a well know bank does make a lot of sense. I appreciate our input.
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My friend at wells says a lot of people are able to move from CB to IB if they are top bucket type. Im not sure how true this would be at the beginning of FT in 24 when we could possibly be in a recession esk economy.
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