Would you back-out of a signed IB offer?
So - I have signed at a Top-Tier MM IB specializing in a certain industry. (Think FS). They have paid a sign-on and I am liable to pay it back if I leave before start date. Start date is next month.
I have the opportunity to go for a BB IB interview in a generalist team with a fairly decent chance of landing it. This would be the same level or one level up (Analyst 2/3).
Pay and bonus at the MM is higher, and the culture is probably better. Also, I like the FS specific industry (I am aware of potential limitations for an FS exit). However, the BB has a large amount of prestige and opportunity for mega-fund exit.
Do you think I should even be considering this? Or should I do a few years at the MM and then laterally move to BB if I want the prestige later?
Study together. Pass together.
Join the world's largest online community of CFA, CAIA and FRM candidates.