Which of These 2 IB Group Would You Take?
The bank in question is BNP Paribas. This is what they offered me (copy-pasted):
1) corporate finance: Middle East, Africa and Turkey, General Industry and Technology, Media and Telecom
2) Structured Finance/Loan and Syndication EMEA: The team is responsible for the underwriting and placement of all loan products across Europe. This includes corporate deals but also more structured deals in leverage finance or the energy & commodity sector
I have ca. 24h to make the call.
My "goal" is to do an IBD SA stint at a top BB in 2014 and hopefully get an offer for FT there (I have some good connections so it shouldnt be totally unrealistic)
My profile:
2nd year (out of 4) undergrad @ European semi/non-target studying Business-Economics.
Landed 2 spring weeks and one summer internship (all FO), all at different BBs. Did not convert springs to SA because I did them in year 1/4.
Which of these 2 would put me in better position?
Also, how would you rank these opportunities:
BNP (one of the 2 above)
RBS (DCM/FIG rotation) in London
RW Baird (M&A) in Frankfurt
William Blair (M&A) in Frankfurt
Deloitte (M&A) in Frankfurt
UniCredit (M&A) in Munich/some other city in Germany/Austria
Many thanks guys!
anyone?
I heard good things about BNP Structured Finance. Also a good thread: //www.wallstreetoasis.com/forums/structured-finance-what-is-it
However, I'd still pick the 1).
Not sure how to rank those firms you listed below tho.
Definitely #2, assuming CF means literally internal corporate finance at BNP. If your goals is BB IBD, you will have much more relevant experience with structured finance/loan syndication. EMEA isn't exactly the most desirable for that position at the moment, but there will still be plenty to work on even if some of the deals fall through or go to another bank.
Can't really rank those groups b/c I am not familiar with their strength on the international side, but M&A is generally better than either BNP option IMO.
what are you talking about, check the corporate finance description on their website before spreading misinformation: http://www.graduates.bnpparibas.com/corporate-finance.html
2nd year associate... you should know better than that.
Structured finance is a pretty niche group. If you want to get to M&A or coverage, I'd choose #1.
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