| Topic Name: |
Analyst |
| Message Name: |
I was in that program several years ago |
| Date Posted: |
02/21/2006 |
| In Reply To: |
Sales and trading and banking rotation for 2 years with the option to preference and opportunity to get hired onto a desk during the rotation if there is a really good fit. How about you? Are you at all concerned about what all these postings say?
Thanks.
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| Message: |
Most of the people in my class are doing well. I would say that it was a good place to start your career. You will get a lot more responsibility than at bulge bracket and you'll have a life, which isn't possible at bulge bracket IB (bulge bracket S&T is a different story). Most of the non-management types at ABN are pretty smart, interested in helping you start your career, and generally good people to learn from. However, those positives come with some downsides: You will be meaningfully underpaid. You will work for a directionless bank (although this might be starting to change as stuff moves to LaSalle). Your boss's boss will be an idiot, which will have a trickle down effect to you.
Of the 10 people in my training class from 5 years ago, only 2 are still with ABN, which I think says a lot. 1 even left then came back, so maybe it's more like 1.5. But everyone is doing pretty well wherever they ended up: 2 trading for Bear, 1 for Barclays, 1 is running an equities office for a small broker-dealer, 1 is at Freddie Mac, 1 just left JP Morgan, 1 is at Deutsche, 1 is at B-School. So just know that even if they don't pay you or you get caught up one of the yearly restructurings, you'll be trained and get experience that will make you valuable to someone else.
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