Macquarie ER (maybe) vs Citi ER in Buffalo

So before I had an offer from both firms for ER. Now i have found out I will have to have Macquarie put on the backburner and reapply for positions in 3-6 months (internal movement conflict) but no guarantee of a spot or a spot even being open.

So do I take the Citi ER job in Buffalo and hope I can get out in a year back to NYC

or

do I take a gamble, stay put, and hope there will be positions in the 3-6 month time frame or hope I can have some luck at another firm in NYC (ive been applying for a while with little luck)

There was obviously interest for me at Mac, but is it worth hoping they will have spots in the future to stay away from Buffalo?

 

Yea, they are aware but it appears the waiting 3-6 months is still firm. Meanwhile im sure they will be interviewing other candidates so its really if new roles open up. Mac is growing but again, lots of execution risk

 

Thank you for the comments guys, its been a tough decision.

The say that its a two year stint then they send you to NYC or SF depending on sector. The guy I would be replacing did 14 months in Buffalo then was moved to NYC.

Is having Citi vs Macquarie on the resume that much of a boost if I wanted to move to another BB (if i got sick of buffalo or just wanted a better firm on my resume than macquarie) ?

 
Best Response
slave2themodels:
Thank you for the comments guys, its been a tough decision.

The say that its a two year stint then they send you to NYC or SF depending on sector. The guy I would be replacing did 14 months in Buffalo then was moved to NYC.

Is having Citi vs Macquarie on the resume that much of a boost if I wanted to move to another BB (if i got sick of buffalo or just wanted a better firm on my resume than macquarie) ?

Lets just say I am familiar with the Buffalo office. The thing is all the talented heads are in NYC. So when it comes to networking where would you want to be? in your earlier years its about your contacts and what you can pick up in your current role. Most of those guys are vying for a spot in nyc while networking long distance.

 

Absolutely take the Macquarie offer in NYC. Despite what the Citi recruiter may tell you on the phone, they try to keep you in Buffalo for as long as possible and you only are even considered for a move if there is an opening (i.e. someone on your team in NYC leaves the firm). Also you will learn a ton more sitting next to your analyst in NYC due to hearing him on phone calls all day, meeting clients, going over models with him in his office rather than teleconferencing, etc.

 

Also consider your LT goal, unless if you want to be a sell-side analyst forever. If you're in NYC, you might have more opportunities to meet management teams and sit in on client meetings. This will help you broaden your network if you want to move to the buyside or into the industry.

Also a non-BB might provide an opportunity for you to prove yourself and start covering your own industry/sub-industry/companies in 2-3 years. At BBs, you could end up being a professional senior associate for 5+ years.

 

Oh the sense of entitlement is strong here...

Anyone in industry knows 1 thing, jobs are flowing out of NYC like crazy. GS is investing heavily in SLC and moving FO roles out there, hell DB has FO roles in JAX and many trading desks are moving down with the new investment and the list goes on. This idea that you must be in NYC to get where you want to be is downright crazy. I can't tell you how many of my friends have moved to London of Hong Kong in the past 1-2 years.

If you really want "it", take the job that will best position you for your career. If Citi ER is better based on your research, take it. Most importantly, have a better understanding of the relationship between ER and clients within Citi, if you're getting "facetime", it doesn't matter where you are. If you perform, you will get noticed. Also, Buffalo is a hour away from Toronto, which is a "mini" NYC and COL will put more money in your pocket.

Basically, if you kick ass ANYWHERE, you will get what you want out of your career. The flexible people who will go to the ends of the earth are the people who make it.

 

Dignissimos accusamus quod saepe aut consequatur dolorum velit quia. Qui aspernatur veniam neque eos nihil. Voluptatem quia dolore sed et corrupti. Minima hic qui saepe soluta.

Quia earum dolor ducimus velit dolores. Nesciunt et est sed sint quas repellat at fugiat. Accusantium et ut omnis ipsum. Porro corrupti minima animi facere eligendi sed perspiciatis.

Non omnis quas praesentium expedita. Consequatur modi et nulla iusto omnis architecto. Placeat est aut non a rerum voluptatem.

In aut facilis sed. Eveniet facilis sint sed aut. Quo pariatur nulla labore quod amet.

Career Advancement Opportunities

March 2024 Investment Banking

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

Overall Employee Satisfaction

March 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

March 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

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $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
kanon's picture
kanon
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
numi's picture
numi
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...”