I received an offer at a very large bank in New York and have the choice of coming in as a 1st year analyst or a 2nd year analyst.
For the last year, I've been working at a small boutique. Though the 2nd year offer is appealing, the 1st year offer comes with 3 weeks training in London.
To make matters more complicated, training is in September, so I'd effectively be a 1st year analyst for 2 years before being bumped to 2nd year.
Though I don't think I need the training, I can't shake that it would be an incredibly valuable networking opportunity.
Short of asking for the best of both (2nd year + training), what should I do?
Rothschild, eh? Have fun
Roth starts that late? Jealous....
You obviously take the 2nd year offer. I don't know why this is even a question.
Yeah no way being a first year analyst for 2 years is worth the 3 weeks in London (during which you'll be training for parts of it) and the networking opportunity that comes with it. If you were hesitant about your ability vs. other second year analysts that might be a different story.
Um...would anyone take the first year offer?
2nd yr of course..... why would you want the training, it is fun, but not so good for ur career
Like everyone said, go for the 2nd year.
yeah, everyone is right. You're doing the exact same shit either way...one way gets you paid incrementally more and potentially promoted faster.
I'll play devil's advocate to this unanimous decision... it'll probably be a challenge to rank high among the 2nd years come bonus and review season as they've already established their reputation and we are several months into the year. You'll get up to speed quick, but it won't be a couple months before you know all the processes. Additionally, if it worked like my bank, they've already handed out 3rd year offers by now and are waiting for yes/no from those people. IF one says no and you come right in and impress them, you may have a chance at an offer. Otherwise, you better start recruiting for your next job starting your first day.
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