Hi all, I have been fortunate enough to secure several offers from a number of employers(and a few final interviews), but I can't decide on which one to take. I would like to hear your opinion, and your insights would be much appreciated!
The offers(or finals) : (I'm excluding the names of most employers)
1) hedge fund, distressed desk
2) bulge-bracket bank, equity capital market
3) top consultancy, general financial consulting
4) specialised consultancy(not as famous but has international presence), private equity investment advisory
5) consultancy(ranked 10-20 by vault), pension/investment consulting(actuarial)
6) HSBC international management
7) Boutique PE firm specialising in ultra prime residentials.
Many thanks in advance.
Hi thanks, you are absolutely right about formal trainings. Hedge fund training is on the job, while in a BB bank, there are lots of financial training programmes. Nevertheless, those formal training really teaches you not much about your real job. I'm not too bothered about formal training as I know all the basics (which is what those trainings are for).
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Simply depends on what you want to do really... Fair play for getting all these offers but from what I see, you seem a bit confused. There is no direction as to what financial career path you want to follow, and so the only advice that I can offer is for you to go away and study these roles very carefully and see which ones match your career goals. Personally, I'll go for BB then hedge fund and then any other front office roles, especially if the hedge fund in question isn't a established player. The turnover rate of staff at these funds are quite ridiculous, and if trading strategies go wrong, junior analysts are usually the first out.... My 2 cents!!
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If this is your first job, I would go for the top-tier IB or consultancy. If not, that is, if you have 3-4 years prior experience, I would go for the HF job. The HF industry is essentially a call option on the rest of the economy, so even if you do end up losing your job because a trading strategy goes wrong, you would still be employable with prior experience. I would take a daring stance and agree with Doloris that prestige-seeking is a more reasonable strategy for a fresh grad.
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