BB Ops Vs Big4 Consulting Vs Credit Research

Question

Hi guys, I have always appreciated the WSO community for the advice it gives to students. If I had not followed certain tips I would never have received any offers.
Today more than ever I need the advice of people who have been in the industry for years. I am a MSc Finance final year student from a European semi-target school (10th to 20th place in the FT ranking), I received some offers: full time in Wealth Management Operations in a BB (GS-JPM-MS), a full time in risk advisory for funds in a Big4 and an internship in Credit Research in a European regional bank ( very low conversion rate).

Heracles · Accepted Answer

I'm not super experienced so take what I say with a grain of salt. My initial feeling is that I would rule out the BB operations offer as I've heard it can be difficult to move to a FO role from there. Others can correct me if I'm wrong here. The credit research role would probably be best in terms of experience but it it's an internship, so there's a risk you'll be in the same place x months from now if you don't manage to convert a FT offer. I've been in that position and it's tough applying for FT jobs from an internship  when you've already graduated--it's not always perceived well.

Heracles · Answer

You're right about moving from big4 to AM being largely unheard of. Given the extra colour you've provided about the big4 job, I would be concerned that it doesn't provide a great stepping stone in terms of experience. It depends how much risk you are willing to take and how badly you want to get a PM/FO job in the future. If I were in your shoes, I would take the internship and continue applying for jobs in the background while still giving your best effort for the internship to maximise your possibilities of getting a conversion (unless they explicitly indicate that it's not possible).

BS Airlines · Answer

"Heracles"
I'm not super experienced so take what I say with a grain of salt. My initial feeling is that I would rule out the BB operations offer as I've heard it can be difficult to move to a FO role from there. Others can correct me if I'm wrong here. The credit research role would probably be best in terms of experience but it it's an internship, so there's a risk you'll be in the same place x months from now if you don't manage to convert a FT offer.

rrrmmmooogggg · Answer

I would take the BB position. the internship is risky in times like this.

The Big 4 position is, I believe is just IT Audit, some call it Risk Assurance, some call it Risk Advisory. If you check out the accounting subreddit on reddit there are quite a few discussions about that. It would be even harder to move to a FO role from this than the position at the BB.

Overall, take the BB position and try to move internally to a department you are more interested in.

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BB Ops Vs Big4 Consulting Vs Credit Research