Got offer lateral AM to IBD - need your advice
I'm currently a 3rd yr analyst in AM at a BB and have been interviewing for a lateral move to our IB (industry coverage). After the interview process I was offered an opportunity to join as either a 1st or a 2nd year (up to me). Curious to hear you guys' thoughts on whether you think I should start all the way from scratch and go with the 1st yr offer, or if you think it's doable for a non-IB background to straight into 2nd year at a BB (had relevant experience in AM, but definitely not the same job). Also curious to hear your thoughts on which move is more strategic as it relates to buyside recruiting down the road.