Career Advice: Getting Hired Laterally or Doing Extra Year for M Acc Degree

I am a currently a 4th-year student in a 5-year program that will allow me to graduate in May 2020 with both a BSM (Finance) degree and a Master of Accounting degree. At any point this semester, I can decide to drop out of the program and graduate next year with just my BSM degree. I would like to work in the restructuring industry after college.

Career Options:

Option 1

  • Accept FT offer at MM IB that specializes in M&A, ECM, and DCM
  • Graduate in May 2019 with BSM degree and begin FT
  • Attempt to lateral to restructuring group at different bank in May 2020

Option 2

  • Stay in program and complete a busy season 2019 accounting internship at one of the Big 4
  • Accept Summer 2019 IB internship offer at a boutique bank with a newly formed restructuring department (and hopefully get assigned to the MD that heads the group)
  • Go through FT analyst recruiting for restructuring (as a college student vs. lateral hiring in Option 1)
  • Start FT in May 2020 in the restructuring group from summer internship or at another bank

Thoughts? Opinions?

Comments (2)

Aug 30, 2018

Hi YungBull, check out these threads:

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  • Do you think "Extra-Curricular Activities" is Important in Hiring? I #accounting #finance investment ...
  • Finance Degree Worth More Than Accounting Degree? degree. What do you think, Finance or Accounting? Is Finance a Good Major for Undergraduate Studies? ... Economics degree if you know that Wall Street is what you want to do. Alternatively, if banks only ever hire ... record needed for jobs on Wall Street. The first thing to note is that you should do research on what ...
  • Checking in 6 years later [IB to MBB transition] a first-year associate. This bothered me for about a week, and then I stopped thinking about it. I thought ... encouraged to find other opportunities, how their kids are doing in school, etc. Comp Last year, I made a bit ... a week for VP roles at large companies, for lateral roles at competing firms, and sometimes for PE portco ...
  • Is your group hiring any first year analyst or 1st year laterals with 4 months exp? know of an opening within their group or another for an entry level/ 1st year analyst role? I am not ... barely pitch (he is super picky on we who pitch to), which leads to me not having much work I can do ... career, and I do not mind heavy hours. I realize I may have to "start over" in an an analyst ...
  • Lateraling Guide for Investment Banking a "no-name" boutique where I worked for as an analyst for a year before lateraling to the MM where I am at ... a top MM or BB, chances are that you will lose a year in the process (e.g. I lateraled in as ... a first-year, even though I already had worked for a year). This can actually be beneficial if you are looking ...
  • Lateral Hiring Timing When do most banks conduct lateral hiring for analysts? I've heard its after bonus time, so ... around January- February for most big banks, is this accurate? bb lateral ...
  • More suggestions...

If we're lucky, maybe I can guilt some users to help you out: @cwambua @vanessa.p.blake @David von Pattern

If those topics were completely useless, don't blame me, blame my programmers...

Sep 3, 2018
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Yung Bull