How much does a firm's name matter to my success?
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So I have recently interviewed with two banks (one huge and the other small) for positions in their Economics and Investment Strategy groups and could potentially receive two offers. One bank is a short distance from where I live, but is going thru some tough times and has even laid off some people. It has a recognized name, but not bulge bracket by any means. The other position would eventually be in New York, but is with a much more stable and recognized firm. My question is this? Even though moving is a pain, is it better to take a job with a top firm and a strong brand or take a job with a potentially higher quality of life? How much does my future success depend on the name of my employer? I assume in banking that this is a big deal......
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Go with the bank in New York. If you had given information on whether this is for internship or full-time then it would have been better. Regardless, going to a big name from a small name is significantly more difficult and often with compromises than going from a big name to a small name company/ bank. Take the plunge. If you do not like your job/ location or vice-versa...you will have an option to go back to your definition of quality of life at some point. Take the plunge!
If this is your first job, you should take the big recognized bank. It would look good on your resume...
