FT offers: Deciding between BB MO or Tier 2 FO

mono_style's picture
Rank: Chimp | banana points 12

Senior at a semi-target, graduating in May, econ+maths major. Got a couple of FT offers here and there but none of them is ideal:
1. market risk at BB(GS/MS/JPM)
2. sales at a French bank (BNP/SocGen) but not equity derivatives desks
3. FX sales at DB in Hong Kong

Hope to move into a sales/structuring role on derivatives/structured products desks in 2 years

If I take the MO at BB -> networking my way to FO?
If I take the sales job at the French bank -> networking my way to eqd dev desks?
If I take the job in HK at DB -> go to bschool 2 years later and move to NYC office as an Asso?

Which one is easier? I'll keep networking and looking for jobs before graduation for sure, but also hope to prepare for the worst in case I can't get a better offer.

Any thoughts would be appreciated!

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Comments (4)

Jan 10, 2019

Heard from a VP in FX Sales and an intern in FX Trading at DB that DB's FX division in HK is very solid, despite all the bad news you've heard about DB.

The intern did mention that many people in higher positions either left or was fired, but as an analyst your job should be safe.

Jan 10, 2019

Hi CentralBanker, thanks for the info! I heard the same thing about FX at DB and was very happy with the desk that I landed. Personally I would prefer NY over HK, I'm just considering if DB's worth of making the move to HK...

Jan 10, 2019

I don't think so. DB's brand is, after all, fading as a BB. The move is only good if you want to stay in Asia for the longer term.

Sales at a French bank would be your best bet for now.

Most Helpful
Jan 10, 2019
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