Hi, I currently work at a large UK Commercial Bank within their graduate program which is ending in January. I am exploring my options for when the program ends and I have recently been invited to an AC for the KPMG graduate program for their London M&A team. Realistically, I don't want to be a commercial banker and so I am looking for exits into an entry position in IB and I am struggling to see which option, commercial banking or KPMG, would be better suited to my goals. If I were to stay at my current bank, I would likely become an associate with the Large Corporate coverage team where I would mostly write credit analysis and play a supporting role in capital markets and syndicated loan transactions. I would probably stay there 18 months and then try to network into an entry level IB role. KPMG, on the other hand, would provide me with more relevant experience but I've been told to avoid this route as I will spend all day making powerpoints and without being challenged, supposedly. My understanding is that the work at Big4 M&A is more or less identical to the work I would be doing as an analyst in IB and therefore I would be in a good position to transition into a MM or Boutique bank.
I would really appreciate any advice on this, am I overestimating this role at KPMG by thinking it will be more or the less the same as an IB analyst role (albeit much worse pay)?