Bulge Bracket IBD Analyst Program vs Small Cap Investment Fund Analyst

Daui's picture
Rank: Monkey | 47

Mulling over two potential offers and don't really know which would be better from a career perspective.

Offer A: Second year analyst on a BB Analyst Training Program. I have been told that I will most likely be placed in FIG as I have previous experience in this area.

Offer B: Analyst in a small cap (c. $3bn AUM) investment fund focused exclusively on the insurance sector.

I feel that FIG IBD would most likely mean my exit opportunities would be Offer B type funds anyway, however I think the BB brand name could provide more flexibility down the road.

Comments (12)

Mar 15, 2016


Mar 15, 2016

BB for sure

Mar 15, 2016

Could you elaborate on why?

I eventually want to be on the buy side so I thought the small cap fund would be a better place to start?

Mar 15, 2016

If you want to be on the buy side, go buy side? What's the additional road stop for? If you got the offers, I don't doubt you got the skills

Mar 16, 2016

It's more that from what people say here the BB offer would give me more options down the road and provide a pedigree that a relatively small fund (sub $5bn), albeit quite well known in its industry, wouldn't necessarily be able to.

For example I eventually want to work in TMT in corporate development or another strategic managerial role.

I'm also interested in tech focused PE/VC as well.

I realise my chances are pretty thin with both offers but am I more likely to achieve this goal working in:

BB FIG (multiple products - M&A, LevFin, ECM, etc)

Buy side M&A insurance focused investment fund?

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Mar 16, 2016

is this a HF or a mutual fund? $5bn is a large hedge fund...

i would take the BB offer if they do fintech/something EBITDA-driven under the FIG group and do your best focus on that subsector just because you know you want to do TMT.

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Mar 16, 2016

fund focused exclusively on insurance sounds a little too narrow and constricting...

Mar 16, 2016

Go BB, insurance will pigeonhole you. At least at a BB if you do end up in FIG you could try lateraling to other groups.

Mar 17, 2016

Risk is that 3 years down the line I am stuck in an Associate position, struggling to get on the buy side and regretting the fact I did not taking the Insurance opportunity.

I'll have almost 4 years post grad experience (at a Big 4 firm) by the time I join as a 2nd year analyst so I'll likely have almost 6 years (all of which would have been in FIG) experience by the time I try looking at PE/HF/Investment Managers. Couple that with trying to get a transfer and that probably adds another year on so 7. Would I still be marketable to a non FIG buy-side fund at this stage?

Mar 18, 2016