Advice needed - Valuation or BlackRock

Hi everyone,

I have recently received two job offers but not sure which one to accept. I would be extremely grateful if anyone could lend some advice. Many thanks in advance!

Career plan: I am planning to pursue a MBA within the next 12-24 months at one of the target schools (LBS/INSEAD/HEC Paris/Oxbridge) and eventually break into IB/PE.

Background: Big 4 Audit/UK Target School/Received and passed interviews for Secondary PE funds/advisors such as Evercore when I was working as an auditor - the offer was rescinded as I require a work visa in the UK - this however will no longer be a problem next year as I will qualify for UK settlement status.

Offer 1: Top-tier independent valuation shop (e.g. Houlihan Lokey/Duff & Phelps/Alvarez and Marsal ): The job responsibilities include IPO valuation, recurring valuations of assets held by PE/Infra funds, valuation of complex debt instruments (e.g. private debt) and fairness opinions (rare). The job offers great opportunities to pick up relevant and advanced modelling skills. It requires build up the model from scratch. The job is London based.

Offer 2: BlackRock valuation department: The job responsibilities are mainly review and challenge valuation models generated by front office/third-party valuation advisors, (i.e. option 1 - HL/D&P) for reporting purposes. The team is rarely required to build models from scratch but I believe I can still develop modelling skills given my access to the original models. The hiring manager re-iterated this role is not an operation role. I will have BlackRock on my CV and it might offer me the opportunity of transferring to a more front desk roles given my previous offer from Evercore (that's when I was still an auditor!!). Despite the fact that the position is not London based, it offers higher salary and bonus.

 

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