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Updated on: 20 Dec 2014, 12:15
Originally posted by eggplantpower on 20 Dec 2014, 08:56.
Last edited by eggplantpower on 20 Dec 2014, 12:15, edited 2 times in total.
Last edited by eggplantpower on 20 Dec 2014, 12:15, edited 2 times in total.
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Hello everyone. I have been out of school for 2.5 years and have already worked for 2 different banks. An opportunity has risen to jump to another better bank and I have some questions.
Job #1 - accounting department of a regional bank for 7 months and quit to join current bank
Job #2 - went through a 6 month training program and currently work as a commercial banking credit analyst. Been in my role for 2 years (Think TD, Capital One, M&T Bank)
Situation now:
A) I have been given an offer (with a $30k raise) to join my current bank's investment banking arm as analyst
B) I was also given an offer for a slightly more well known investment bank as an analyst for only $20k more for a team that I absolutely loved meeting during the interviews.
My question now is should I chase the better investment bank (no morgan Stanley but still slightly stronger than current bank) or accept my current bank's offer for the "better story" of advancing vertically within one company. Please advise.
Job #1 - accounting department of a regional bank for 7 months and quit to join current bank
Job #2 - went through a 6 month training program and currently work as a commercial banking credit analyst. Been in my role for 2 years (Think TD, Capital One, M&T Bank)
Situation now:
A) I have been given an offer (with a $30k raise) to join my current bank's investment banking arm as analyst
B) I was also given an offer for a slightly more well known investment bank as an analyst for only $20k more for a team that I absolutely loved meeting during the interviews.
My question now is should I chase the better investment bank (no morgan Stanley but still slightly stronger than current bank) or accept my current bank's offer for the "better story" of advancing vertically within one company. Please advise.
20 Dec 2014, 10:49
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Hi there,
Hm, this is definitely a good question! I'm a huge proponent of going with your gut when it comes to jobs / options. Especially in your case where you're fundamentally shifting your role and moving in a direction you're interested in. You're right in that saying you went from the leadership program to investment banking is a good story, but I don't think that story disappears should you move to another bank. Yes, 3 employers isn't ideal but it isn't a nail in the coffin either. And the better name and higher pay is always nice. My rule of thumb is this - if the move makes sense for YOU, then don't worry about the adcom too much. Because if it is the right choice for you and your career, then you can put a story around that. So congratulations on the new job offer (two new offers!) and the good thing is you can't go wrong either way!
Bhavik
Hm, this is definitely a good question! I'm a huge proponent of going with your gut when it comes to jobs / options. Especially in your case where you're fundamentally shifting your role and moving in a direction you're interested in. You're right in that saying you went from the leadership program to investment banking is a good story, but I don't think that story disappears should you move to another bank. Yes, 3 employers isn't ideal but it isn't a nail in the coffin either. And the better name and higher pay is always nice. My rule of thumb is this - if the move makes sense for YOU, then don't worry about the adcom too much. Because if it is the right choice for you and your career, then you can put a story around that. So congratulations on the new job offer (two new offers!) and the good thing is you can't go wrong either way!
Bhavik
