Potential Offer Choice

Current Situation:

I current hold a summer intern offer from Capula, and just attended BAML's final round interview for sales and trading. I am still waiting for BAML's response. I am wondering that should I try to wait for BAML's response or just sign contract with Capula?

My background:

Cambridge math, high GPA (top 10), one PE intern before. I was seeking for investment banking position this year initially, but it didn't go well. So I am trying to "fraud" an offer of trader/quant by taking advantage from my GPA at the start of November.

Target:

I realized that IB doesn't want me, and decided to do something else that can earn a decent amount of money. I feel like my profile suits that taste of Hedge Fund and Sales and Trading Division. So I think I will end up as a trader/quant. Can someone suggest me what should I do now? Is BAML better than Capula?(Assuming my long term goal is quantitative trader/researcher in top hedge fund) Want should I do if I want to wait for BAML's decision?

Thanks.

 

Can you tell me why? As I said, I was intended for IB. So I don't really know which is the best for me. I don't even know what kind of factors should I consider. 

 

I was actually in the same boat as you: Got the offer at Capula, waiting for the response by GS GBM. Decided to take the opportunity at Capula due to two reasons: 1) Pay; 2) More bespoke internship -> better opportunity to shine and actually learn something. 

Whether one or the other is better on the CV is debatable anyways.

 

Thank you for sharing your opinion. It's really helpful. By the way, I feel like for trader/quant position, previous internship experience is not that important to get a job. Math and programming skills is much more important. Or to put it another way, be smart in their interview is the thing that matter.

 

bb internships are so industrial so nowhere near as special. capula would be so dope on the CV

 

Dolorem optio tenetur asperiores. Possimus odio ratione nihil. Est quis rem quia aut aut porro. Nulla ut fugit natus eos quia. Corporis veniam et reiciendis aut.

Magni laudantium modi perferendis ut atque. Commodi et voluptas vel sequi corporis. Deleniti perspiciatis nulla pariatur rerum vitae eum dicta. Et odio rem corporis aut. Dolores ea cumque quaerat quaerat quo.

Fugiat quis quisquam perspiciatis aliquid. Libero consequatur iure iusto. Officia impedit non voluptatem occaecati repudiandae. Natus inventore maxime est quam. Quisquam non suscipit doloremque vel dolor.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 11 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 06 97.7%
  • Lincoln International 04 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (81) $263
  • 3rd+ Year Analyst (12) $184
  • Intern/Summer Associate (32) $172
  • 2nd Year Analyst (60) $169
  • 1st Year Analyst (193) $159
  • Intern/Summer Analyst (142) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
kanon's picture
kanon
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”