BB PWM vs small S&T ?

hey folks. have a dilemma, need some opinions:

currently work as a money market trader at a small european bank in NYC. potential for landing a job at a high-quality BB's private bank. from what i gather, i'd be setting rates (giving bids) on deposits at the private bank.

i'm currently a trader, i want to stay a trader, but i feel like my career is not advancing at all and there's nowhere to move at my current bank. the BB job has great name, and it is a market-oriented role, but it's not trading and i am uncertain as to what it could lead to. at my current job i trade hundreds of millions of dollars (in depos and fx, lolz), at the bb job i would just be giving people rates.

also, to throw a wrench into the mix, i am waitlisted at nyu for f/t this fall.

any guidance offered would be great!

 

I'm not totally clear on the BB role, but if comp isn't where you want it to be and there is no sign of advancing go to the BB. Should be good name on the resume for credibility and possibly move internally to whatever you want to do.

 
Best Response

Aspernatur iusto facere placeat aut. Nostrum fugiat veniam est est repudiandae qui laudantium.

Career Advancement Opportunities

June 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 17 97.1%

Overall Employee Satisfaction

June 2024 Investment Banking

  • Harris Williams & Co. 19 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Moelis & Company 01 97.1%

Professional Growth Opportunities

June 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

June 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (22) $375
  • Associates (94) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (69) $168
  • 1st Year Analyst (206) $159
  • Intern/Summer Analyst (149) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”