Really Need Career Advice/Guidance
Hello -- I've received offers from both JP for PWM and from a large regional bank to be a credit analyst in their commercial bank. Down the line, I would ideally like to get my MBA and work in something deal related M&A, PE, etc. if possible (I do not come from a target school).
Which of these two positions offers me the best chance of getting into a top MBA program and a career I'm interested in after? For instance, does the JPM brand name carry more weight when applying to grad school or is this not really a factor? Does commercial banking offer more transferable skills/exit opportunities that PWM?
Side-note: I also have an offer for tax consulting with a big 4 in NYC -- however, I am not very interested in very tax and hear you get pigeon-holed fairly quickly.
Any advice would help - thanks.
I'd say that both have their merits. JPM's brand name will probably give you looks outside of finance, but PWM will likely require you to get an MBA later on and joint at the associate level (potentially with the FIG team). Depending on your network ability, you may be able to join a boutique/MM firm after 12-18 months, but that's subject to variability (Private Banking though may be viable, and JPM's private banking group is near tops. Not sure if this was what you were referring to by PWM)
On credit analyst I think you could probably end up having a cushy lifestyle if you stay at the regional for 5-7 years and move up. I recall someone saying that they cleared 150k 6-7 years in at a regional commercial bank. You may also be able to network into a corporate banking position.
Both will probably get you to where you need to go, and would be treated as a stepping stone. I'd veer slightly to JPM, but it's really up to you here. you may be at somewhere else entirely a year from now. All the best :)
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