Question: What should an investment banking professional consider when being offered a job?
Answer: The main topics to consider when evaluating a job offer from an investment bank include pay (salary and bonus), location, group assignment, and the history of past hires. At the entry level, pay is likely to be non-negotiable but it may vary from bank to bank, largely based on bank size and the location of the job. As large investment banks can have offices all over the globe, candidates will want to find out the location of their particular job offer. The group to which the candidate is being assigned may be important to some candidates. Finally, one may want to ask about a bank’s / group’s success in promoting bankers or sending past entry-level bankers to business school or on to other jobs in finance (such as private equity).
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