Offered lateral to BB. Not sure what to do.

I got an offer to come on as a second year analyst at a BB (CS, Citi, DB).

Ive been working at a boutique IB for the past year since graduating. The office is only 6 people, but the MD is pretty well known in our region, so we see a bunch of the middle market deals. I'm probably averaging 60hrs/week (but have done a couple 100+hr weeks for deals with short timelines) and making around 20%-25% less than BB analysts.

My long term goal is to found my own startup and with my (relatively) lax hours at this bank, I've had time to start working on a business idea. It's based of a company we advised. The market is fairly new (4-5 years old) and I think I can address a market that hasn't been tapped yet.

My rationale for taking the BB offer is that I'm hedging my life, and it could help me in the event that I grow up, become less idealistic and want a long term career in finance.

My rationale for sticking at the boutique is that I have time to work on this startup and I get to see a lot of different companies that are sometimes founder owned.

I have literally no idea what to do. Everyone I know is saying that I should take the BB offer, but I think it boils down to how much risk I'm willing to take with my life.

What do you guys think?

Comments (8)

May 16, 2017

Take the BB offer. It will be relatively easy for you to move back to a boutique if you really want more time to work on your idea.

May 16, 2017

Well you will grow older and become more risk-averse. YOLO.

Let me hear you say, this shit is bananas, B-A-N-A-N-A-S!

May 16, 2017

Take the offer. I hate saying this, but having the brand of a BB on your resume will help you tremendously, and will be on your resume for life

May 16, 2017

Take the BB. Work on your idea later or on the side. That brand will help you get the startup off the ground later, too, should you decide to go FT into the startup.

May 16, 2017

Seems like you've already made up your mind, but you are not only asking, but went through the entire interview process, just because others keep talking about prestige. If your startup idea is solid, I would take a chance. Reject the BB offer.

May 16, 2017

Take the offer. You'll probably need that extra cash for your startup.

May 16, 2017

Take the BB offer.

With your deal experience exposure at your boutique combined with a BB brand name and "intangible benefits" that come along with working at a BB, it will really help validate your experience when you go start your start-up.

    • 1
May 17, 2017