BB MO vs MM IB
thanks for the advice I appreciate the thoughtful responses. I will make this decisions pretty soon here.
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If you're guaranteed an IB analyst position after 1 year, I'd take the MO route.
Make sure you're guaranteed that IB analyst position. Hopefully it's not just them stringing you along.
it Is a guarantee, I’m leaning towards taking the MO role. Thank you for the advice, would love to hear anyone else’s thoughts as well.
Think I know what program you're talking about.. Not sure exactly how it can be "guaranteed" but a MM M&A position is not a light offer either. Instead of waiting one year to get IB experience, you will already have that one year under your belt at the MM shop at an arguably "top" group.
wat program is this? i'd love to learn more
I agree it doesn't make sense. Why would a BB offer you a MO role then guarantee advancement to a highly praised FO role? Why aren't you good enough for a FO role? If this a JPM junior IB analyst, then it would be different.
Is this a relatively new program? I’ve never heard of this before. The closest thing that comes to mind is there were analysts in a team at an EB/BB that did a lot of grunt/support work (initial comp spread, maintain quals books, pull research, help with some analyst type work) and the really good ones can lateral into the analyst program. But it’s by no means a guarantee - it was just a potential avenue.
OP - when they say guarantee, is it mentioned in the contract? I’m sure there’s a performance component to the “guarantee”. And if it’s performance driven, that could be subjectively measured. How many successful “graduates” have there been to the IB program? Are there some that you can chat with to get the full scoop? If it’s not airtight, I’d probably think about the MM m&a role - which can lead to potential MM PE opps.
If your going too work for someone else instead of starting you're own business you should at least go too a top bulge-bracket Hedge Fund like Meril Lynch, Wells Fargo, Nomura or RBC
LOL "buldge-bracket Hedge Fund"
I would take the MM M&A, unless the agreement from the EB is put in writing.
Middle Office BB vs MM IBD (Originally Posted: 02/19/2013)
In terms of prestige, exits ops, and b school acceptance. Does the name brand of a BB go a long way?
I would undoubtedly 100% go MM IBD, simply based on the work experience you get and connections you can make working front office.
If you spent more than 5 minutes on this forum, you would know the answer to this question.
^ suck me
^ You're retarded. Take the MO BB. You'll just end up fucking over the firm anyways if you were anywhere near an FO role.
This is almost certainly a hypothetical question
hahaha ZING!
I would never want to recommend someone like black mamba to take any role within any bb; FO, MO, or BO. He should stick with something his own speed and start networking for branch positions at Dunkin Donuts. One coffee two splendas please!
Lots of hate on this question. Considerable amount of MO guys who just couldn't make it to the big leagues perhaps?
At least you know your answer now, good luck there!
@silvio I so wish I had a silver banana for you man.
@mamba retarded question and worse is that you never read anything if you're asking this.
Don't get mesmerized by the name of the BB; doing what you want a "lesser" firm is a better choice than doing something you don't want for the brand of the company.
Career Advice - MM IB or middle office at a BB (Originally Posted: 06/11/2011)
This may be a retarded question but any thoughts will be appreciated...
Already recieved and accepted offer from BB in a mid-office role, now have opportunity at MM IBD. If I want to be in banking and eventually PE, is it no brainer to jump to the MM ibd?
Just take the MM M&A position. Spend 1 year there then try move to a BB M&A team. 2y M&A experience > 1y from a PE funds perspective.
Yes, no brainer. Take IBD if that's what you want.
Absolutely man. You wouldn't be a team trainer for the Miami Heat instead of starting shooting guard for the Clippers would you?
If you want IBD you might as well start there.
Thanks guys, anyone else? Mostly worried about burning the bridge at the BB.
Going MO-FO is more acceptable and people will usually understand. It's when you renege for a similar role at a different bank that you really run into trouble.
your burning a bridge to a better job? why would you ever need a good rep for a mid ofice role again? whatever you think... the manager of the mid office role does not give a chit about you after you decline and does not know everyone one in the bank
Definitely go with MM IB. If you mention anything at all when you decline, I would probably just let them know that you want your career to take an IB path. Not worth it to waste two or three years of your life doing something you are not at all passionate about. The opportunities after a few years working mid office might not even be that great compared to real IB experience. Good luck in whatever you decide.
Yea I learned the hard way in my last job that unless something is in writing, it is not guaranteed. Prior to lateraling to this new company I was basically told that I would 100% be given a promotion within X time period, but due to some organizational changes it didn't shake out that way even though I was a top performer. It was fine because I quit anyways to go to business school, but just be wary about any "guarantee" that a firm gives you.
This is very important. Unless it's in writing, it's not guaranteed.
Is it guaranteed even if you perform poorly in your MO role? What happens when you get a poor review because someone doesn't like your face?
Is it guaranteed because an MD made you a promise? What happens when he changes firms? Or gets hit by a bus?
Given that IB analysts are at will employees, I have a hard time believing you have a written guarantee to start a specific position a year from now. That means there's at least some risk involved, and you need consider that. Also, you can always try to lateral after a year from the MM role. If the goal is PE, I think MM IB to BB IB might be a stronger resume than BB MO to BB IB.
Not saying the MM IB offer is definitively the best choice. Just food for thought.
Nothing is ever guaranteed. MM M&A > MO BB for laterals.
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