Bulge Bracket Investment Mgmt. vs. Mid-Market I-Banking

SandTguy's picture
Rank: Senior Chimp | banana points 28

To start, both positions would be as a summer analyst.

Last week I received an offer from a solid mid-market bank in investment banking in Baltimore and was about ready to accept it, but just got invited for a super day for a long only fixed income position with Morgan Stanley Investment Management in NYC. If I happen to receive an offer from both, I'm really not sure which way I would go. What are all of your opinions on BB investment mgmt vs Mid -Market banking?

Comments (14)

Feb 13, 2013

The shop in Baltimore, is it in the A&D space? If so, PM me.

Feb 13, 2013

If you want to go into IBD. Summer mid market banking job.

Feb 13, 2013

Delay MM banking offer as much as you can until you know whether you even have an offer at MS.

Feb 13, 2013

The shop in Baltimore covers several industries and MS said their turnaround on whether or not I get it will be before my deadline to accept at the mid-market.

Feb 13, 2013

I'd wait and try for the mid-market. Fixed income isn't going anywhere good given new Basel III regs, so I'd stay away from that space. If you want to do IBD later, I'd definitely go for a banking experience so you can talk transactions during future interviews.

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Feb 13, 2013

do the MSIM interview then based on the results, ask yourself this same question. at this point, you don't need to think about what you would do if you got the offer. MSIM SA positions are pretty competitive because they don't hire many interns so I don't think you can guarantee yourself you'll get in.

overall though, if you do get both offers, without knowing your interests and assuming IBD is not the be-all end-all of your life, i would go with MSIM

Feb 13, 2013

Also have a Superday with BNP Paribas S&T now...

Feb 14, 2013

mid market IBD

Feb 14, 2013

Dude, people can't tell you which job to take. If you like fixed income and want to do IM, take that if you get it. If you think S&T would be the best fit, then take that if you get it. If you want to do IB and/or get into PE eventually, then take that job. Don't make this harder than it needs to be.

I would agree with you, but then we'd both be wrong.

Feb 15, 2013
rogersterling59:

Dude, people can't tell you which job to take. If you like fixed income and want to do IM, take that if you get it. If you think S&T would be the best fit, then take that if you get it. If you want to do IB and/or get into PE eventually, then take that job. Don't make this harder than it needs to be.

thank you.

Feb 15, 2013

The only question here is IBD or Investment Management, which is person specific..

Feb 15, 2013

If you want to do IBD or S&T then go with that internship, very simple. Forget all the name and prestige talk. Do what you like and opportunities will present themselves.

Feb 15, 2013
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