Interviewed for 5.5 hours today at a boutique IB today. Base comp is a slight bump. 14 mos in FDD @ PwC who will make senior this CRT - love the role but want to see more of the transaction besides TBs and TB detail. Comp isn’t a huge bump but the IB seems to have a good culture. 20 people. I really am struggling. I worried about FDD golden handcuffs with limited exit ops. Please advise!!! How should I navigate this and assess it from an unbiased perspective. Thx!

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Sounds like a shop rather than a bank.

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If base comp is a slight bump that means bonus potential is a huge bump. Assuming 110k base that means bonus upside is also 110k, that’s definitely a lot better than FDD. Exit opportunities are worlds ahead of FDD as well no reason to stay.

likehelpful

I think since you are from PwC FDD, you definitely can get better offers. MM banks in SF/NY are offering ~100k base and up to 100% bonus so TC is 200k.

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Why not just go to A&M?

smart

Not sure I wanna stay in FDD

Mate - get out of FDD sooner rather than later. Not sure your long term goals but the longer you stay the more you are branded/silod as an accountant

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If you don’t have other offers, think about taking the role, working for a year or two to get exp, then go somewhere else for more.

I interviewed for an IB analyst role this week at a boutique shop (<10 people). Competitive base plus 100%+ bonus since there’s less people. But I will likely work 80-100 hours…the money and exit opps are really tempting but I really cannot imaging working that many hours nonstop. At least in FDD I can kind of have a life and vacations. Really struggling to make the decision as well.

I know I will be absolutely miserable if I have to work 7 days a week year round and potentially pull all nighters on PPT reports. It’s gonna be like working 2 full time jobs and getting paid 2 years salary within one year. I’m ambitious and willing to learn and do a good job but I’m not sure if I can handle it physically cause I need 8 hours of sleep to feel good during the day.

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