It's my first post here at WSOasis - and it's a questions. Until recently, I haven't had much to contribute, unfortunately.
My situation is as follows:
-MSc Finance (Capital Markets) from Frankfurt School of Finance and Management (a small private German institution, not a target school for BBs), graduate in September 2011, average grades
- last 5 yrs part-time employed (during university) at Commerzbank, 2nd largest bank in Germany but a no-name player in capital markets
- to corporate banking, the department hedges interest rate, currency, and commodity price risks for German small and midcap companies
- I have two offers:
- Commerzbank; job would be the same as now (corporate banking sales), but in Hamburg, yet nicely compensated (~ EU60k), the upside, however is limited in this department
- : Equity Sales, internship, Frankfurt
It's a dilemma. I could take the position at Commerzbank, earn decent money, no stress, and a safe job. Or I could pursue my dream to break into investment banking, and try to's graduate program after the internship. However, I run the risk of not being taken ( for whatever reason, look at the markets...). Salary at Nomura wouldn't match what I could earn at Commerzbank for the next 2 yrs or so I guess, let alone the internship comp.
Were the times somewhat different, without those awful debt crises and stuff, I'd accept Nomura at the drop of a hat. At the moment, this option seems very risky. They'd find that in 6 months they have no headcount or I could fail to pass the AC, many questionsmarks here.
I thought to stay at Commerzbank, work my way up into their capital markets business and after a few years I could try to get into a top tier bank, or a near-top tier bank like Nomura. But I'd easily pass 30 or more until this would be the case.
I'm really freaking out. Maybe I should just flip a coin.
What would you guys suggest? I really wanna get into the business, but neither of the both ways is a safe one - which one is more likely to lead to success? At Nomura I could get there within a year or so - or be jobless. At Commerzbank it might take 4 years or more - with the risk of being stuck in mediocrity.
Sorry for the long issue, hope it's interesting for one or another. Thanks for advice, appreciate it.