IBD vs. Buy Side SA Dilemma
I was lucky enough to get a few offers and I've narrowed them down to the following:
at an subsidiary (already signed the offer, FT offer possible following SA stint) OR
Credit Research at a large ($200bn AUM) (FT offer NOT possible)
Trying to decide which offer to take. Credit Research seemed like I'd be working under two senior guys helping them build and update models for earnings season, compile industry/company data in excel, prepare presentation and research memos and possibly assist in company credit analysis under supervision from the senior analysts.
DCM is more structured.
Summer Analyst will build a foundation of skills to allow them to support the team's senior professionals in originating, structuring and transactions to support acquisitions, leveraged buyouts, dividend recapitalizations, restructurings and short/long term refinancing across a broad range of industry sectors. The Analysts' responsibilities will require significant transaction involvement, from origination through closing, and the ability to work on multiple projects and transactions concurrently.
Which do you think would be better? Not too sure how transferable the skill set is from DCM. I'd like to get the experience. The AM company probably would be better but I'm worried that I won't learn as much and it will be less structured.