Which offer to take BlackRock or Nisa?

I am having trouble deciding between two offers. One would be returning to BlackRock, working in Aladdin Client Services. I did not really enjoy the work I was doing when I was there this summer, but I liked the people I worked with, it pays relatively well, and is in New York.

The other offer is for a portfolio management analyst position at NISA in St. Louis. The pay isn't as great here, but obviously the cost of living is cheaper and the work would be more preferable. I am not a fan of St. Louis and have a strong preference for New York, but in this case it seems like there is a few large tradeoffs for each.

If you were in my position, which would you take?

 
Best Response

NISA. You're comparing front office Asset Management to a consulting service. I think you'll learn way more at NISA. Exit ops are much better - you can definitely find your way to NYC through MBA or job hunting. May be a little tough to get out of St. Louis, but assuming you are young it's probably not terribly hard.

Obviously lifestyle issues to consider but from a career trajectory perspective I would choose NISA. Plus you mentioned you hate already hated the work what do you think doing that day in and day out with no end in sight will feel like?

 

I was told I would not be able to move laterally internally for 2.5 years. I also know that only the group that supports the investment tools has a shot at moving to portfolio management, but it also happens to be the most competitive group to get into. The group that supports the trading tools often gets asked to work for clients though.

 

Which other group are you referring to? If that's what you were told then maybe you have better intel than me. I was speaking from what I saw for the other groups at BLK, don't have any specific knowledge about ACS.

 

Congrats on getting the superday. From my understanding, this year's interviews have been very different than when I interviewed for the internship last year and I've heard of many people getting recommended from friends that didn't end up getting offers. When I did it, it was all behavioral until you mentioned something you did that they could ask you about on a technical level. You should probably know what SQL is though. I was going to be asked about that, but instead was asked about options/the greeks because the interviewer knew I knew how to code and didn't want to waste our time.

Also, say you like that ACS is where technology meets finance and have a reason for loving both and this is the perfect opportunity to work in both.

Every person you talk to will have a different background and know different things, so each interview is very unique. Know your story and what's going on in the markets/new/world. It really is a great place to work... the people are great and while the reason I was looking elsewhere was because I'm not thrilled with the work you do as an analyst, BlackRock is an excellent company to work for (not just for the name on your resume) and the career opportunities after the analyst position are also great.

Good luck

 

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