Rotational Analyst or Internal Wholesaler?

I am currently working at a large investment/insurance firm as an intern director and junior partner to two advisers' private practice. Sounds pretty ok, it isn’t. 1099 income, no benefits, measly hourly wage ($18/hr, I am still in undergrad).

I have just accepted an offer to start immediately as an internal wholesaler for a small firm, 30 employees, 1.0B AUM. Tripled salary plus commission and paying for rest of school. I am available only 30 hours a week due to school, they are paying 75% salary. When I come on full time, full salary.

I also just received an opportunity to interview with a large bank for the Corporate Functions Development Program. This rotational analyst program is 2 years, 8 months in Finance, Risk management, and then HR. Placement based on performance and preference.

I am wondering what will be best for me long term. You may be thinking, you just accepted an offer and you are going to change jobs in the first couple weeks? No. I plan to work as a wholesaler through May at the very least, (9 months ish) at which point I would then have to move to the large bank ASSUMING I got the job.

Importantly, I want to stay in finance- this much I do know. I am not too certain what I want to do exactly, however. I like the buy-side, but a PM role also interests me long term.

My questions:

Internals move to externals, I know this. How sustainable is the external lifestyle, traveling as much as they do? Is there any more room for growth after external? If they make as much as my research shows, why is this role not more highly sought after?

For the large bank, I am currently feeling like this will offer a better base to build a career, but is that true? Will this move me further away from buy-side/ investment banking?

Thanks for reading, first post, excited to read responses.

 

Quae qui ipsum sit dolorum illo. Non voluptatem nesciunt est iure beatae aperiam.

Quod asperiores aut doloribus expedita molestiae. Quia consequatur rerum ipsum alias. Vel cupiditate id quisquam et ab consequatur.

Odio veritatis veniam qui dolor velit. Et atque ut laboriosam consequatur omnis repudiandae. Fuga nihil est sint molestias. Similique dolores voluptas quia totam et expedita hic. Eveniet repellendus eveniet voluptas porro. Minus temporibus exercitationem odit libero. Ipsa sunt natus aut dolores.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
numi's picture
numi
98.8
10
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”