If You Had to Rank the Prestige of All of the Finance/Business Professions, What Would The List Look Like?
Tier I:
1) PE Megafund (KKR, BX, Apollo, etc.)
2) Top Hedge Fund (Bridgewater, AQR, Citadel, etc.)
Tier II:
3) BB Investment Banker (Goldman, JPM, Morgan Stanley, etc.)
4) MBB Consultant (McKinsey, Bain, BCG)
5) MM Private Equity (New Mountain Capital, MidOcean Partners, etc.)
6) Tier I Asset Management (PIMCO, DFA, BlackRock)
7) Successful Regional HF (Firms with $7.5-$15B AUM)
Tier III:
8) Top RE Fund (Brookfield, Starwood, OakTree)
9) MM Investment Bankers (Wells Fargo, Stifel, Raymond James, etc.)
10) Tier II Management/Strategy/Economic Consultants (Oliver Wyman, Accenture, FTI, BRG)
11) Corporate Development (M&A / Divestitures) at a F500
12) Top REIT/Solid REPE Fund (JBG Smith, $2.5B - $10B REPE Funds)
13) Successful Quant Traders (SIG, Belvedere, Akuna
14) Corporate Finance (FP&A) at a Blue Chip (Facebook, Amazon, Walmart)
Tier IV:
15) Tier I PWM (Merill Lynch, BYN Mellon, TIAA)
16) Namebrand Commercial/Corporate Bank (JPM, Silicon Valley Bank, Capital One)
17) Botique PE/HF
19) Middle Office at a BB (Risk, Treasury, etc.)
20) Botique IB
21) Botique Consulting Firm
>thinking working at "PE Megafund" is more prestigious than working at RenTec....
Spetsnaz
Huge drop-off from there
I concur. This has already been confirmed
I feel like top hedge funds have a mystique about them in a way, perhaps a more unconventional hiring process sometimes, that adds to their prestige.. Or maybe that's just for me.
MM Private equity before top AM (fidelity, pimco etc.) is simply non sense. On my opinion it would be at same level as BB IB or even in tier I. Those positions are much more difficult to get and when becoming a Portfolio Manager (if you are a rockstar one) in those firms you can be much better paid than a MD in IB.
Let's be real tier 1 is being the successful entrepreneur of a high growth company..
The only thing that matters is your pay. Don't get caught up in anything else. Titles are a marketing construct used to justify paying you less.
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