Would you burn this bridge?
I already accepted a one-year-long rotational investment banking analyst program at one of the largest multinational banks in Spain. The background check and everything has already been completed, and I am about to start next week. At the end of this program, I would have the opportunity to apply to permanent positions at the bank.
However, I just received an offer for a permanent full-time M&A analyst position at one of the largest 5 Canadian investment banks. In this role, there will be no rotational aspect, and I would be covering only the Media & Telecom industry. I would not be covering technology.
In terms of training provided, I think the one year rotational analyst program would provide a more formalized training as I will be joining an analyst class rather than joining as a lone analyst. However, I believe that the rotational analyst program is more focused on capital market transactions (origination, syndication, execution, etc) than it is on M&A. Not completely sure about this though.
And in terms of compensation, in the rotational analyst program, I would be earning around $38 per hour between 9 am and 5 pm and around $57 per hour during other hours. I won’t be eligible for bonus. At the Canadian bank, I would get a competitive base salary and bonus.
In terms of long-term career prospects, which would you choose and would you burn the bridge?
Canadian - easy choice on this one
But why?
Go to the canadian bank. Better lateral and long-term prospects should you want to make a switch laterally or later to PE. Burning a bridge is a complete non-factor here dw about reneging and do what’s best for you
Definitely the Canadian
Take the FT M&A role for sure. I am also curious about where that offer is. Also in Spain?
Both are for the NYC office
Take the Canadian option. I am guessing it may be Santander you're looking into. I believe that all the Canadian banks in NYC are much better options.
Take the full-time offer, will create better opportunities for you long term
Et qui dolor maiores id voluptatem libero ab. Officiis incidunt quaerat aspernatur rerum ut. Qui qui ex occaecati aspernatur itaque in. Quia qui praesentium eligendi ipsum sed sit.
Quae ipsum ea a est sint ipsum. Quia magni impedit dignissimos ipsa quod. Qui id ut dolorum et eum. Est aut est enim commodi quia mollitia fugit. Quasi quasi alias eaque impedit enim consequatur autem. Autem quis quidem illum corporis illo ut voluptatem. Voluptas est est iste sunt occaecati accusamus aut.
Saepe labore necessitatibus ipsa ea omnis placeat. Eaque saepe optio est maiores amet perferendis ex. Odit quas rem accusamus officia.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...