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Fortune 10 or BB?

Posted: Tue Feb 07, 2012 5:32 pm
by gunner3
I am a finance major (JR) and have an offer from one of the top 10 companies on the Fortune 100 list as well as a PWM analyst position at a regional BB bank. I understand that these are soft factors, but which one would you consider more impressive if I gave you my resume? I am applying next cycle and want a little resume boost.

Re: Fortune 10 or BB?

Posted: Tue Feb 07, 2012 5:35 pm
by gunner3
EDIT: For BB bank, read: Goldman Sachs, JP Morgan, Credit Suisse, Deutsche Bank, UBS.

Re: Fortune 10 or BB?

Posted: Tue Feb 07, 2012 5:44 pm
by 20130312
Not sure about "impressiveness" of these positions, but financial analyst is certainly a more solid position than PWM.

Re: Fortune 10 or BB?

Posted: Tue Feb 07, 2012 6:28 pm
by Jaeger
Why do you want to go to law school? Sounds like a sweet intro gig...in a few years you can probably be making more than all of us, and have no loans.

Re: Fortune 10 or BB?

Posted: Tue Feb 07, 2012 6:33 pm
by gunner3
I have definitely thought about going into business, but I just like law more. I know it's crazy, but Tupac would say "that's just the way it is."

Re: Fortune 10 or BB?

Posted: Tue Feb 07, 2012 6:52 pm
by Jaeger
gunner3 wrote:I have definitely thought about going into business, but I just like law more. I know it's crazy, but Tupac would say "that's just the way it is."
Tupac got shot. Just sayin'...

Re: Fortune 10 or BB?

Posted: Tue Feb 07, 2012 6:55 pm
by gunner3
Jaeger wrote:
gunner3 wrote:I have definitely thought about going into business, but I just like law more. I know it's crazy, but Tupac would say "that's just the way it is."
Tupac got shot. Just sayin'...
I almost just broke out laughing in the library. Very good point.

Re: Fortune 10 or BB?

Posted: Tue Feb 07, 2012 6:55 pm
by Patriot1208
This is for an SA position, right? Schools aren't going to care whether you had a PWM or CF SA. That said, if you are looking for FT work next year, the CF job will give you better training for most finance jobs. Unless, of course, you want to do asset management long term then I might advise for the PWM gig.

Re: Fortune 10 or BB?

Posted: Tue Feb 07, 2012 7:05 pm
by gunner3
Patriot1208 wrote:This is for an SA position, right? Schools aren't going to care whether you had a PWM or CF SA. That said, if you are looking for FT work next year, the CF job will give you better training for most finance jobs. Unless, of course, you want to do asset management long term then I might advise for the PWM gig.
Yeah, it is just an SA position. Thanks for the advice.

Re: Fortune 10 or BB?

Posted: Tue Feb 07, 2012 11:06 pm
by sn20
You should ask the guys over at wallstreetoasis about this. They'll know more than most here about what the positions actually entail.

Re: Fortune 10 or BB?

Posted: Tue Feb 07, 2012 11:25 pm
by gunner3
sn20 wrote:You should ask the guys over at wallstreetoasis about this. They'll know more than most here about what the positions actually entail.
This is great advice but I already know how each of these opportunities would help a business career. The purpose of the thread was more to see which looks better on a LS app and ultimately, if at all, on a resume while applying for a corporate law position. Thanks for your comment though.

Re: Fortune 10 or BB?

Posted: Tue Feb 07, 2012 11:31 pm
by lsatcrazy
PWM is weak and not particularly hard to land, plus will give you next to zero networking. Go with the F10.

Re: Fortune 10 or BB?

Posted: Tue Feb 07, 2012 11:39 pm
by JDizzle2015
lsatcrazy wrote:PWM is weak and not particularly hard to land, plus will give you next to zero networking. Go with the F10.
Yup.

"I work at Goldman Sachs." "Oh cool!!! What do you do?" "pwm" "oh.. Welp..."

Re: Fortune 10 or BB?

Posted: Tue Feb 07, 2012 11:44 pm
by JDizzle2015
FWIW, I had a similar decision and took the analyst position at a PE after a family friend at a V5 law firm told me that it'll be much more beneficial if I want to get into m&a after law school.

Re: Fortune 10 or BB?

Posted: Tue Feb 07, 2012 11:46 pm
by gunner3
JDizzle2015 wrote:FWIW, I had a similar decision and took the analyst position at a PE after a family friend at a V5 law firm told me that it'll be much more beneficial if I want to get into m&a after law school.
This is beyond helpful. Was it just a SA or FT?

Re: Fortune 10 or BB?

Posted: Wed Feb 08, 2012 12:11 am
by JDizzle2015
FT. Don't think it makes a difference though... A SA analyst gig will give you the same quant exposure (imo) that FT analysts get. If possible, I'd suggest trying to get a writing analyst position. That's what I did and even though I'm an 0L, I think the research, valuation, and risk management skills I acquired could come in handy for corporate clients one day.

Re: Fortune 10 or BB?

Posted: Wed Feb 08, 2012 12:18 am
by Patriot1208
JDizzle2015 wrote:FT. Don't think it makes a difference though... A SA analyst gig will give you the same quant exposure (imo) that FT analysts get. If possible, I'd suggest trying to get a writing analyst position. That's what I did and even though I'm an 0L, I think the research, valuation, and risk management skills I acquired could come in handy for corporate clients one day.
It's a CF job, it will be FP&A and Cost accounting as a summer intern. He's not getting valuation or risk management skills.

As far as PWM at GS, it really depends on what you want to do. Knocking someone just for doing PWM is pretty lazy if he wants to get into asset management. Tons of guys at BBs go from PB/PWM to AM.

Re: Fortune 10 or BB?

Posted: Wed Feb 08, 2012 12:25 am
by gunner3
I don't want to do AM, I want to get into M&A law work or corporate lit.

Re: Fortune 10 or BB?

Posted: Wed Feb 08, 2012 12:28 am
by 09042014
gunner3 wrote:I am a finance major (JR) and have an offer from one of the top 10 companies on the Fortune 100 list as well as a PWM analyst position at a regional BB bank. I understand that these are soft factors, but which one would you consider more impressive if I gave you my resume? I am applying next cycle and want a little resume boost.
You are asking the wrong message boars. Wallstreet Oasis is that way ---->

Re: Fortune 10 or BB?

Posted: Wed Feb 08, 2012 12:30 am
by Patriot1208
gunner3 wrote:I don't want to do AM, I want to get into M&A law work or corporate lit.
That's the point. It won't matter what you do for an SA. Even for full time it won't matter between the two. The only way it would really make a difference was if you did IBD and wanted to work in M&A. Or if you worked in PE and wanted to do PE. The difference between a FP&A SA and a PWM SA is literally meaningless for law school applications. Honestly, you should take the one that will make you the most money (which i'm guessing is GS) if you know you will be applying next year. But if you plan on trying for finance jobs next year and taking some time off, which basically everyone would advise, then you need to make the decision based more on what you would be interested in doing post graduation.

Re: Fortune 10 or BB?

Posted: Wed Feb 08, 2012 12:31 am
by JDizzle2015
:lol: Knocking pwm was just part of the culture where I worked, didn't really mean anything by it. I know many people in pwm who are doing very well for themselves.

That said, my advice (and the advice given to me) is to go with the analyst position.

As a tangent, I don't even want to go into corporate law now. You never know what will change in the future... for now, just do whatever you think you'll enjoy more/you'll be able to learn more from.

Re: Fortune 10 or BB?

Posted: Wed Feb 08, 2012 12:34 am
by IAFG
I wonder who accidentally mis-voted in the poll. That's why it's good to leave polls open for people to change their votes.

Re: Fortune 10 or BB?

Posted: Wed Feb 08, 2012 12:34 am
by Patriot1208
JDizzle2015 wrote::lol: Knocking pwm was just part of the culture where I worked, didn't really mean anything by it. I know many people in pwm who are doing very well for themselves.

That said, my advice (and the advice given to me) is to go with the analyst position.

As a tangent, I don't even want to go into corporate law now. You never know what will change in the future... for now, just do whatever you think you'll enjoy more/you'll be able to learn more from.
Eh, I get it lol. You work in PE, which is essentially the absolute best job you can get out of undergrad except for maybe a few VC jobs i'd rather have. If I had a PE job I certainly wouldn't even consider law school.

Re: Fortune 10 or BB?

Posted: Wed Feb 08, 2012 12:36 am
by IAFG
gunner3 wrote:I just like law more.
I bet you don't but just haven't realized it yet.

Re: Fortune 10 or BB?

Posted: Wed Feb 08, 2012 12:38 am
by Patriot1208
Also, OP, it's worth noting that everyone just started talking about GS, but if it's UBS you definitely need to avoid.