If you think you would eventually want to go into banking full time, which summer analyst offer would you take?
- Jefferies - Sales & Trading - Equity Strategy (New York)
- Deloitte - Business Technology Analyst (Phildelphia)
My little buddy (who unfortunately did not make it through the process at my bank) is at a crossroads. He's a super candidate for any job, but just needs some experience before crushing the IBD interviews next winter.
My gut reaction was Jefferies without a doubt, but then it turns out he knows some of the current Business technology analysts at deloitte and would probably enjoy it more. Any thoughts about Jefferies S&T? any thoughts about deloitte --> banking?
My other gut reaction was wow, you got a job in this environment -- that's awesome enough! Thanks for your commentary, guys.
What area of banking is he trying to get into? What are his career goals post-analyst stint?
Jefferies S&T
JEF S&T is very strong in equities
....Jeffries is big time up and coming in fixed income. They soon will be a primary dealer and they have hired some of the top sales and trading people from places like Bear and Greenwich Capital. If I was fresh out of school and wanted to make a pile of money selling bonds I could think of few better places then Jeffries right now. Seriously, forget about being a consultant at Delloite...for that matter forget about going into banking just go work for Jeffries and try to catch a swelling wave.
...i didnt see his offer was in equity research. That sux for him.
I believe he's looking for the traditional IBD (M&A) stint after graduation.
Bondarb -- Equity Strategy is a Sales & Trading desk at Jefferies; it is not to be confused with Equity Research.
Thanks again for the commentary, everyone.
Jefferies S&T
As a Summer BTA at Deloitte, you don't do shit. Tell him to take Jefferies for sure. Getting interviews in the fall might be a bit difficult since it's not really the IBD experience one's looking for, but it will definitely be more conducive than a BTA gig at DC.
I don't think it matters too much between those 2 choices. The Jefferies gig may give him a better chance of getting into jefferies IBD next year (but I'm not sure why he'd want that).
I got an offer from Deloitte last year and I found BTA more of an IT position than consulting. According to people working there, it's hard for BTAs even to break into their own operations consulting branch, let alone banking. And btw there were like 5 times more BTAs than BAs in Deloitte SF.
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