Help with Private Banking Offer

Hello. So I have an offer to join a private banking/ PWM team in a local office for Merrill Lynch. ML does not do the typical analyst > associate > VP > etc. role like other BBs. I was hoping I could get some advice on this jobs impact of my career. Would this be a good first job out of college? Would it open up other opportunities with gained experience? What about looking good on my resume to get into a top MBA program?

I don't know if PB is my long term plan but it is one of the few options I have right now. I have a 4.0 in college and started my own business in college, but did not go to a target school so that is what holding me back from something like IB (even with my countless networking hours).

I also have an offer from GS in middle office operations as an analyst on the sales and trading team.

Please advise!
Thanks

 

I would take the middle office GS offer, the ML opportunity sounds like a glorified sales role and unless you really like having to drive your own sales/create your own client book, the GS one sounds a hell of a lot better.

"You rarely have time for everything you want in this life, so you need to make choices. And hopefully your choices can come from a deep sense of who you are." - Mister Rogers
 

Mollitia distinctio et consequatur eaque autem enim dolorum. Velit sequi eum praesentium numquam. Libero cupiditate sed at enim dolor architecto. Inventore et itaque ab ipsa rerum voluptas veniam quae.

Officiis cupiditate quidem quibusdam blanditiis quis. Doloremque eius ex illo consectetur rerum est molestias. Incidunt aliquid voluptatem perferendis iste adipisci excepturi delectus magnam.

Sequi qui qui aut voluptas. Cumque voluptatem quos sapiente et architecto est. Dolorem debitis commodi debitis voluptas. Modi qui non sed nihil doloremque itaque.

Laudantium odio aperiam veniam. Et ea voluptatem neque quia.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”