Need urgent help with offer decision!

I'm a regular user but have created a throwaway account to post this message.

Recent graduate from a strong target (non US) with a 3.0 and completing a 1 month internship with a well regarded boutique. I've been told that my position will be made permanent if I do well yet I find myself not wanting to stay at this firm. The sector they cover isn't terribly exciting and the place is a sweatshop. Too much expectation being lumped unto me, and I am currently not willing to make my stay a permanent one.

Yesterday, interviewed at a tiny TMT M&A firm and was offered an analyst role. Pay is a bit less than what I'm making, and the deal size is considerably lower than my current firm (5m-100m). Firm is a bit strange too; none of the directors (2 of them) have IB backgrounds, and the analysts are all from foreign countries (not like I care but still an interesting observation). I've also been promised a quick associate promotion within 18 months if I do well.

I find TMT much more exciting than what I'm currently covering, and the hours that I'm being promised are great (50 vs my current 70+ per week). I'm just being a bit hesitant signing the contract because I don't really know what exits could come about from this small shop. My current place exits very well into IB and PE, but having a look at this shop's prior analysts, not one of them exited to reputable firms (only one got in Big 4 CF).

Can someone help advise as me as to what my next steps should be?

Comments (5)

Most Helpful
Jul 4, 2018 - 4:19am

The 'well regarded' boutique you're currently at might be still categorised as a no-name if it isn't an EB or up-and-coming EB. Honestly, if you keep the role in the firm you don't like and don't perform well (which may happen, shit jobs do this to people) you'll fuck yourself for the future. At the small firm you can get more involved, work in a sector you like and that is huge for BB and EB recruitment.

Jul 4, 2018 - 4:23am

Thanks for the reply man. So I shouldn't be too worrier about the small firm's exits with its other analysts, and management's lack of prior IB experience?

Something else to note, the firm is the longest established M&A firm in this city, and have over 250 closed deals.

Jul 4, 2018 - 4:26am

I wouldn't worry. When you apply for other firms they'll be more interested in the deals the firm closed than management's CV. Also, the foreign team of analysts thing may be a blessing in disguise; you may pick up a language or if they speak multiple ones you may be able to work on deals in markets you wouldn't get access to in a monolingual team - being able to say you worked on deals across XX countries is certainly a bonus.

Jul 4, 2018 - 4:53am

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