Entry buy-side or sell-side position....thoughts?
I got two different offers for post-MBA entry positions. One is sell-side ER associate and the other is a buy-side junior analyst (IM). The SS firm isn't a BB but it's a recognizeable MM firm while the BS firm is a relatively small investment management company that runs only two or three funds and employs about 30-35 staff (including 15 analysts and 3 PMs) but still manages over $12 billion in assets.
Both have roughly the same starting comp level (~80 + bonus) but the SS job involves longer hours (60-65 hours per week versus 50-55 for the BS). The SS job can lead to promotion to senior analyst in 2-4 years afterwards the total comp can multiply to 300k and up. The BS job doesn't seem to have as much LT upside potential in terms of base comp but its bonuses can match base in the future in good times.
Is there a big difference in job security for a SS ER associate and a junior buyside analyst? I heard that the associates are much less scrutniized than their senior analyst, but of course they're paid only a fraction of the senior's comp.
Which job (BS or SS) would give you better exit opp's? If you'd like to go into IB/corpfinance/M&A or even enter a company management role, is it better to go with the SS role?
If you had to choose between an junior buyside and a SS ER associate position, which would you choose and why?
My impression is that the BS job is more competitive, in terms of receiving an offer, than the SS job since a lot of MBA's seems very keen on getting into IM these days (better work/life balance).