Too reluctant to go with a junior offer. Please help

It's kind of ironic, I spent the past 3 years trying to get here and now it's just too uneventful

I got a full-time offer from a large AM (Cap group, T.Rowe, Fidelity etc). Salary is amazing, work will teach me a lot. On the other hand I also have an offer from a sell-side Equity group

I'm too hesitant to get in, because I know they'll throw me out in a few years, most likely. Keep in mind I passed all CFA exams and attended a MSc (I'm London based), so a B-school exit will be too tedious and fucking too much.

The people in the AM company are so down to earth and extremely helpful. For what it's worth, a director spent a week regularly chatting with me and teaching me everything about the sector I'm assigned to. He keeps referencing the CFA curriculum and told me explicitly, but jokingly "the only good associate is a CFA associate." Bit cringe but it made me feel valued a lot

How would you deal with this uncertainty? What is the best exit opportunity that doesn't require B-school again?

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Comments (19)

Sep 5, 2021 - 7:42pm

lets clear a few things up

why do you think you'll be kicked out in a few years?

whats the role?

why would you consider MBA? its not the same in the UK

Sep 5, 2021 - 7:49pm

Associates dont get promoted. It's unfortunately the case, although the associate programs haven't ripen enough. For the time being, associate dont get promotions

Multi asset investing, entry associate.

I spent already 2 years doing a master. And CFA at the same time. MBA is just going to add more asymmetry to my career, and you know I'm not "young" anymore

Sep 6, 2021 - 4:26pm

take the buy side role even if you think it will last only a couple of years... leverage experience and brand name and start looking for a new job 1.5 yrs in

  • Associate 1 in CorpDev
Sep 6, 2021 - 12:29pm

So what if you don't get promoted? You will have gained tremendous investing experience and can lateral with a top buyside name on your resume vs. spending two years doing less relevant sell side work and needing to lateral anyway. 

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  • Associate 1 in AM - Equities
Sep 6, 2021 - 12:39pm

It's a challenging part of the field to navigate but if you work hard enough and get a bit lucky it's possible to move up without the MBA. Comes down to if you're passionate amd good enough.

Sep 9, 2021 - 12:17am

People on here think too much about exits success is made by what's at hand not what you dream will be in two years. If you can't enjoy what's in front of you life, and I don't just mean work, will be a lot less rewarding than focusing on what's here and now.

Sep 13, 2021 - 6:08pm

1. Don't really know what the uncertainty is here? This sounds like a great opportunity.

2. Sorry to derail, what's the salary? I'm guessing this is Fidelity Intl tbh.

Sep 13, 2021 - 6:27pm

I got the job. In retrospect I do cringe at this post and how I was thinking in general tbh

This is not Fidelity though, you can cross that off the list. Base £60k and all associates get paid very closely, idk about bonuses at this level but I would guess maybe ~40%. I should stress that I heard staggering numbers for analysts, like really staggering lol

  • Analyst 2 in IB - Cov
Sep 13, 2021 - 8:40pm

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