Which to choose? small new IB NYC v BB Asia
Hey guys,
I need your help on two FT offers:
The first one is with a very small IB at NYC. The firm is actually really new and their focus is to help small and medium companies in emerging markets(Asia, etc.) go IPOs in US. I know the firm has strong tie with those markets so deal flow may not be a big problem. My concern is just that starting my career at a small firm might hurt me in future?
Another offer is with a BB in Asia. However, it's an equity sales position. I like it but not what I like the most, but the brand name, the pay and some other things are very attractive.
I just want to know what you think? Which offer makes more sense? Ideally, I want to do deals and move to PE in a couple of years. But I have no problem with an S&T career either. Also, I don't know how risky to join a small IB firm and how people think about it. I appreciate your help!
Thanks
Take the BB S&T job in Asia.
Better business network. Better pay. International experience is invaluable.
You are young. You have no clue what you will enjoy 10 years from now.
If you hate sales, go back for an MBA- you will have a stellar resume.
Don't ever say "I want to do deals" ever again... you sound ridiculous.
I'd go with IB personally, but that's just me because I'd rather stay in America, and I hate sales. Plus, isn't the IB experience much better if you want to get into PE? Someone who knows their stuff help this guy out...
haha, thanks Veritas14. I appreciate your comments.
Hey Swagon, yes, that's why I'm debating. Another thing about this IB opportunity is that I actually have very strong family tie with it and I might be able to take advantage of it?
Be careful who you listen to. I'd say listen to me, but I've only had internships (albeit good ones). But the reason I discount the Asia job is this: From the little you said, the US job sounds inherently better, regardless of location. So if you prefer the US, it seems a double whammy in favor of the US job. Unless you have an affinity for Asia or sales, I'd personally go with the US. But that's just me - listen to the knowledgeable posters and seek the advice of the professionals you've been networking with.
Doing IPOs is very different from M&A.
Which city is the BB offer in? If its HK I would definitely take it.
A small start-up boutique doing IPOs is a very risky career choice for a junior, its not like you already have solid work experience. You would have a tough time if you wanted to move later on.
Agreed.
hey guys, thanks for the insights.
I think starting in sales will make it extremely difficult to move to an analytical role later on. I personally don't know anyone who has gone from equity sales to research/ IB /PE, (I have many years of buyside and sellside) if you don't want to have a long term sales career I think this would be crazy. You would be forcing yourself to get an MBA AND you would be betting on the economy being amazing when you graduated. Go to Harvard or Wharton this year and see how many sales people have analytical finance jobs next year, I would bet the number is pretty close to zero.
Be careful on this one, it will certainly shape the path of your career.
I would go for IB rather than sales but that's just me.
i would go for the BB position. How much does the smaller firm pay? Can you afford the NY lifestyle with that paycheck?
HK sounds amazing to me. If I didn't have a decent offer in the US, I would have definitely gone to HK.
yea we need more information to give advice
Where in Asia?
For FT recruiting, the small boutique job says that you couldn't get anything better in IBD. The BB job says you wanted to try out sales but now you feel IBD would be a better career choice, but you were good enough to get a BB job.
Agree.
Which firm is the small IB in nyc? PM me. I'm looking for a summer internship.
The two roles are completely different, go for the one that interests you the most regardless of location/prestige. You're not splitting hairs between similar offers here.
^ He's not going for FT recruiting again though, since this is a FT offer.
Go with the boutique, you'll have to work hard in networking but you can get into a larger shop down the road. If you go into sales you'll most likely never get into IB without a MBA. That being said, the HK job is interesting because you can live in a new city while youre young and you did say you don't mind a career in S&T.
Most of these guys have no idea what they are talking about. The best "exit" you get from a new IPO boutique like that is to a lateral to an analyst at a bigger firm, whereas you get the chance to move to trading at the BB. Take the BB.
it's very difficult for new IB to start doing business in asia, especially in such a relationship focused business like IPOs and m&a. There has been a lot of firms who try to just solely go into that middle market niche and failed. the BB brand name in HK/China matters a lot and a lot of times that's what gets the deals. if you're looking to go back to asia in the long term, i wouldn't count too much on transferring there in your start-up IB.
its impossible to move from sales to trading bankalot u troller
master, the IB is in nyc learn to read
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