Loyalty v career progression

This is primarily aimed at the senior members of this forum. After a year of recruiting I managed to get an off cycle internship in an up and coming no name IB boutique ( M&A mandates in our area of expertise). I impressed the MDs and was recently offered a full-time position which I accepted.

Now a few months down the track, I have been offered an ECM position at one of GS/MS/JPM by a contact I got to know last year. I am well paid, being mentored extensively and given massive responsibilities at my current employer and I have great relationships with my MDs. The issue is, in 2/3 years I'm not sure if I will be able to move to BB IB with an unknown brand name. I think I will be able to move within the BB to M&A from ECM pretty easily in a year or so. I'm really struggling to decide whether to jump to GS/MS/JPM now or stay with my current firm.

I have got really close to my MDs and want to stay loyal to them. They gave me my start, took me under their wing and have put heaps of time into training me up. Loyalty is really important to me personally and I don't want to let my current firm down, but at the same time my dream for a long time has been to work at a BB (I want to stay in banking long term). Can any senior members give me any advice on what they would think if one of their subordinates who they helped out massively jumped ship after only a few months.

 

Omnis sed libero quo quia. Ut ab pariatur ea aut consequatur velit repellat porro.

Voluptatem dolore qui nihil sit facere repudiandae debitis. Vel ex at commodi aut dicta corporis. Labore nihil quibusdam sed quaerat praesentium libero consectetur et.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

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

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
dosk17's picture
dosk17
98.9
7
kanon's picture
kanon
98.9
8
GameTheory's picture
GameTheory
98.9
9
bolo up's picture
bolo up
98.8
10
Linda Abraham's picture
Linda Abraham
98.8
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...”