Accept BB S&T FT or not
I interned in S&T at a mid tier BB LDN last summer. I received an offer, but not something I am particularly keen on, even though it is an area that is doing well. I really wanted a role that ideally involves macro and something quantitative, while this role in fact is quite far from markets in general (more deal based). I honestly really don't want to join that role and I also think a Masters in stats/ml/maths would help me develop even more relevant skills and put in a stronger position to apply to other banks. I'm only worried about the general state of the job market and my chances to get back to LDN since there are not so many trading roles in my country.
What do you think I should do? Take the offer and try to make lateral moves? Reject it directly and go fully ahead on Masters? Take it for now and renege if something better comes up?
Note I am in a mainland European country and I would be in a position where in the worst case I can just do a masters for basically free.
Based on the most helpful WSO content, here’s a breakdown of your situation and potential paths forward:
Take the Offer and Lateral Later:
Pursue a Master’s Degree:
Accept the Offer and Renege if Necessary:
Reject the Offer and Focus on Recruiting:
Recommendation:
If you’re unsure about the job market and value the BB brand, accept the offer and explore lateral opportunities. This keeps you employed, builds your network, and provides a safety net while you explore other options. If you later decide to pursue a Master’s, you’ll have the added benefit of work experience to strengthen your profile.
However, if you’re confident in your ability to secure a better role post-Master’s and are willing to take the risk, pursuing the degree could be a viable alternative. Just ensure you have a clear plan for how the Master’s will position you for your desired roles.
Ultimately, weigh the risks and benefits of each option based on your long-term goals and risk tolerance.
Sources: What offers would you take over a BB S&T?, Non-target average student declined BB trading ops offer, now having some second thoughts, MSc in Economics to get into S&T, 2nd year S&T to IBD Associate -- ask me about S&T
Take the return offer. In this market unless you are a rock star (no offense but unlikedly else you would have more choices now and wouldn't need to make this post), you take what you can get.
Also at a mid tier BB and we are flooded with resumes.
Thanks for chiming in. Not exactly sure how you mean the “more options” thing, since at this point in time there are no other offers I could have since offers for FT or next year SA are not out yet.
I can tell you it was definitely not a performance issue, I was a standout performer for sure and people told me this many times. I was really outstanding in one rotation but focussed more on the other one towards the end (bcus that would’ve been what I wanted to do) which then didn’t have headcount. first rotation then kinda knew where my priorities were. So that landed me in this spot. Maybe I didn’t connect with people enough on a personal level but performance was rock solid and I have good technical skills.
But yeah thanks for the context
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