Received offer for boutique IB west coast for post-grad, aiming for BB's for SA 2018, but not sure about career path, thoughts?

This is somewhat long, so bear with me...

Background:

  • I'm a junior at a non-target, 3.6 overall gpa, finance major, have experience with on-campus stuff, a startup, boutique ib internship sophomore to junior summer, BB pwm internship that I'll be starting this winter part time, applied to BB, MM, and beginning to apply to boutique ib internships for summer 2018. Also, looking into S&T.

Problem

Not sure where to focus my efforts on interning next summer/ if I should just go back to my boutique and apply to the same firms full-time. Would appreciate feedback on what seems like the best path forward.

Other Info

  • After interning at an investment bank between sophomore and junior year I got a full time offer (verbal) for post-grad at a boutique on the west coast that pays street w/ a great bonus structure - team is awesome. The work is tech focused M&A and capital raising. While I really enjoyed my time there, I'm not sure if I want to work in banking long term, however I can see myself doing two years there and lateraling to another firm.
  • I've considered exploring a career in trading and have been networking with an investment bank that has an outsource trading arm (one of the largest on the west coast). They're well known in california and the team is really strong. My thoughts here would be to intern with them next summer and start full-time post-grad; my contact started as an intern in the early 2000's and is now a VP of equities trading.
  • I networked with probably 50-60 different bankers in my area and sent out 500+ emails, I developed some great relationships and have guys willing to go to bat for me during FT recruiting at different MM and BB firms, but in terms of my SA prospects, it's either looking like I'll land at BAML TMT or if I'm lucky one of the handful of other boutiques I've applied to.

So I've somewhat outlined where I'm at here - I'd say what I'd like help with is getting feedback from you guys on what seems like the optimal path forward.

My solution

I'm torn between trying to stake it into in PWM, sticking with the boutique investment bank and going that route, OR jumping into trading. My goal with PWM would be to build a book and make a career out of it, with IB it'd be to make the jump to VC, and with S&T it'd be to land at a hedge fund.

Comments (16)

Oct 28, 2017

Take the Ib no brainer

Oct 30, 2017

The boutique? Why do you say that?

Oct 30, 2017

Because as of now the only offer you have (correct me if im wrong) is from thr boutique IB. And if the pay is on par with street and you like the people there seems like an easy choice.

If you manage to land an offer with another EB/BB feel free to take that instead however seems like most of these firms are done recruiting so the odds of you landing one of this is slim.

Also if you want to do IB stick with IB instead of going into S&T.

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Nov 1, 2017

Before you make this decision, make sure that you have a written offer from the boutique. Even though it was stated verbally, since there is no written proof that they sent you, they could easily decide to go with someone else.

It's better to be safe than sorry.

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Nov 8, 2017

Chiming in here. I'd say you have a high probability of being a bad performer wherever you go since you seem to not have any commitment. Life is hard, decisions are complex but you are overthinking it. Optimize on what you want out of the next 2 years. Being a VC is overrated and way harder than you think. IB is hard and long hours, pay is above average. S&T is a dying industry career. It's like saying you want to be an Equities Research Analyst right before that became a commodity. Take your best offer; and work your ass off. Learn a ton. Pivot after you learned all you can in your current job. Good luck.

Nov 8, 2017

Thanks for the feedback - appreciate it.

Nov 11, 2017

I'm not showing commitment because I'm weighing my options and exploring what I'm truly interested in? Hmm, that's an interesting point of view.

I accepted a SA offer at JPM private bank - the team seems great and I really got along well with the people. The work seems like it'll be right up my alley too. Optimistic for the summer.

Nov 8, 2017
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