Full-time job: FT partners vs Mizuho industrials

Hi all,

I'd love to hear yall's advice on this:
FT partners SF position v Mizuho NYC industrial group.

My background: east coast non-target, already got the Mizuho offer and facing last round with the CEO of FTP after 5 rounds already, have to sign offer before Christmas so I'm asking in advance in case I do get the offer from FTP.

FTP pro: strong reputation in fintech which I am interested, mostly execution as an analyst, high bonus
con: long hours even for IB, aggressive culture, heard analyst experience isn't so great, have to move to SF

Mizuho pro: closer to home, less hours, people seem very nice, possible larger deals given the size of the Japanese financial group,
con: lower bonus, exits aren't so great?

Love to know what decision should I make, thanks yall!

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Comments (18)

Dec 21, 2018 - 11:57pm

Had a friend lateral to FTP (VP not analyst). Heard fantastic things about the caliber of person there and the deals. One consideration - culturally / socially, do you like SF? Do you like it enough to pay a cost of living expense higher than NYC?

Array

Dec 22, 2018 - 12:21am

Having done an internship in SF, I'd say the cost of living is the same with NYC if not lower... The luxury apartments are pretty expensive but there's plenty of old styled condo with rent less than 2k for each person. The thing is I am from NYC and don't have a lot of friends in SF, even though the analyst at FTP don't get time to hang out with friends anyways

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Dec 24, 2018 - 9:43pm

kind of gnarly that you get vetted by the CEO of FTP (knowned to be a seasoned banker in fin tech). from what i've heard of their "strong culture", this speaks a lot to some good parts; humanizes the analyst experience there (more than just a number but a person)

Array
Dec 25, 2018 - 12:02am

I spoke with the head of SF and the CEO after the superday and got the offer. From my experience is completely behavioral and they just want to make sure you know they work really hard. I didn't feel it was like a vetting process thou.

Dec 22, 2018 - 3:11am

FTP hands down. It is the better bank and will provide you a greater experience that is more align with your interest. If you are afraid of making the move to SF bc lack of friends/family DON'T BE. SF is still a great city, it's not NYC but there is plenty to do.

Career wise, it sounds like FTP is a better fit for you. Also it would be fairly easy for you to lateral or transfer to a NYC office after a year or two with the experience you'll gain in FTP. Worst case scenario, you gain some great experience and live in a new city for a year or two.

Dec 23, 2018 - 10:47pm

I've heard positive things about FTP SF from former fintech analyst (at rival firm) and recruiter. Good exposure, good exit opps to PE, and growing reputation. Would go there if I had choice, despite SF having higher cost of living and being farther from home. Keep us posted either way -- both sound like great options.

Dec 24, 2018 - 11:58pm

Decided to take the SF offer given the firm's reputation and deal flow- analysts get little to no pitching from what I heard. Kinda felt bad for leaving NYC and my family were a lil sad but I guess that's what it takes. Thanks for your help!

Dec 24, 2018 - 9:55pm

from what I know (buddy who works at ftp), the analyst experience there is tough (hours) but they only execute (no pitching). for anyone who loves grind - that's ur shop. but i honestly don't know if you get traditional PE exits (tried doing linkedin browse). conversely, i do think you'd get better looks from recruiters at FtP than at mizuho

Array
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