Please Help: Which is my best SA offer? I want to end at HF - Citi, Barclays, AllianceBernstein, Wells
Hey guys,
I'm a junior at a target (Ivy) who is interested in ending up at a debt HF, possibly distressed or long/short credit. I am weighing the pros and cons of my 4 offers. I know M&A is most traveled route to HF, but I did not get any M&A offers. My offers are:
1) The fixed income rotational program at AllianceBernstein where I would be doing buyside credit research. This could be on a HY, IG, etc. I get placed in a group later.
2) Citi Capital Markets. I could be placed in ECM, DCM, LevFin. Obviously I would try to get in a better group like LevFin but nothing is guaranteed. I also know M&A beats Cap Markets but the recruiter said if I get good reviews after the summer I could either jump to M&A or Citi's internal credit fund (similar to GS SSG). I know one kid that did the latter.
3) Barclays PubFin. I worked in munis last summer and know some people that have gone onto bond funds after their 2 year stint at PubFin.
4) Wells Fargo's Prop Credit Fund. Basically buyside credit research that invests in HY, crossover credit, etc. off the bank's balance sheet.
Thanks for all advice!
If by debt you mean distressed debt, then Citi is probably the best, especially if you can land leveraged finance. Then it would probably be AllianceBernstein and then Wells Fargo.
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