First Job-Offer: Looking For Advice
What's up everyone? I haven't really posted on this site, but have utilized it significantly over the years as I tried to decide which career path to follow. I have wanted to go into Investment Banking since I was a Sophomore, but came from a Non-Target school which limited me greatly. It was still a Top-100 Business School, but the alumni network for Finance was nonexistent. I played D1 football during my undergraduate (in the FBS), and graduated with above a 3.9 cumulative G.P.A. majoring in Finance and Accounting. With only a Big-Four Audit job-offer in hand, I decided to leave and go get a Masters of Finance from a better school where I could use my 5th Year of eligibility for football.
So over the past six months, I have been playing football in the Big Ten, and getting my Masters of Finance. I have been pursuing Investment Banking Analyst jobs, but have had no luck at all. I've had no IB internships, so understand how much that limits me, but was hoping my football career and strong academic performance would give me a shot.
I applied to work as a PWM Analyst at BAML (NYC), and recently received the job-offer. This is the only offer I have gotten so my hand is kind of forced to accept it, as I will be graduating in May. I am wondering what people who understand this industry think about starting in a role like this? The official title is a Portfolio Manager Assistant, and I am afraid that it will be more administrative than it is financial. The base pay is decent, and it comes with a nice signing bonus.
What do you think the Exit Opportunities would be for a position like this? I still want to work in IB, so would there be any chance at laterally moving after a year? As odd as it may sound, I do not want to work a 40-hour week while I'm in my 20's, considering I am already used to 65+ hour weeks with Football/School. Also, does anyone know if performance bonuses would be typical for PWM? Thanks in advance for any insight or advice!