Another 3 months of internship at BB or fulltime job as a corporate banking mt
Hi all, I would really appreciate your comments and guidance on my situation.
I graudated from uni this summer. I was offered a long term 3 month internship at a bb ib firm in the next emerging market country. I took the offer and have been performing exceptionally well (executive director, director and associate all think so) even bringing in potential m&a deals to the table. I'm interning in the advisory m&a mid market buy and sell side at the bb. We are a team pf 5 consisting of a junior 1st year analyst, associate, director and executive director.
My internship will end in a month and my boss has offered to extend my internship another 3 months which will make a total of a 6 month full time paid intership (minimum wage) if I accept the offer. The problem here is the bb only has one mandate so far and no headcount openings in the near future. We have 3 potential mandates, there is a possibility headcount will open in mid year next year. I am actively involved as if I am a full time analyst 9am- 11pm even have attended a pitch to a mandate meeting
I'm currently in a dillema. While searching for jobs during the summer I applied for a corporate banking management trainee. I got offered a fulltime job there. Passed a 1000 person exam, went through 3 interviews and finally got an offer. The offer is not ib standards but the bank is owned by a holding company which my father is very close to the owners son (an ex investment banker) and soon to be ceo. The holding company does not have an ib division but has diverse investments in energy, retail, construction and even a small pequity firm.
Considering my close access with the soon to be ceo of the holding company. What do you suggest I do? Going into pequity is my final goal in years to come and I am aware that you need an ib background interms of valuation and business modelling. The corporate banking management trainee position is project finance related where I will analyze financial statements of companies (cf,is,bs) and determine the risks involved. I will also visit clients which are the country's top 500 companies. Not exactly ib work when you think about it.
What will you do?
nvm
Take the project finance role. It is a full-time job. When headcount opportunities arise at your current place of employment, see if you can lateral. You have the distinct advantage of having long-term work experience there which no other candidate will have. It sounds like there is a lot in the pipeline but no opening at the present moment. Follow the money and take the full-time job you worked so hard to receive an offer for, and stay in touch with your team at the internship. The minute they can, they will probably bring you on board as a proper analyst.
Great quote, I like it
Thanks for the comments Nori90
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