Hi,
As titled, this Q often comes up in any IB lateral hire and I would like to know what some convincing answers are? I can't tell them I'm suck and can't get into buyside, hence still apply within sellside.
Thanks
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Ah, the age-old question of Investment Banking (IB) versus Private Equity (PE). It's a classic, isn't it?
Well, here's how I'd approach it. First, it's important to note that both IB and PE have their own unique advantages and challenges.
In terms of IB, it offers a fast-paced environment with a steep learning curve. You'll be exposed to a variety of industries and transactions, which can be incredibly exciting. Plus, the deal experience and technical skills you gain in IB are second to none.
On the other hand, PE is known for its potential for higher compensation and better work-life balance. However, it can be more specialized and less dynamic in terms of the variety of work.
So, when asked why you're choosing IB over PE, you could say something like:
"I'm drawn to the dynamic nature of Investment Banking. I thrive in fast-paced environments and enjoy the challenge of working on multiple transactions across different industries. I believe that the broad exposure and rigorous training that IB offers would equip me with a strong foundation in finance. While I understand the appeal of PE, at this stage of my career, I'm more interested in the diverse experience that IB offers."
Remember, there's no right or wrong answer here. It's all about where you feel you'd fit best and what aligns with your career goals. Hope this helps!
Sources: Finance Career Path & List, Why choose Sales and Trading over Investment Banking?, Why Should I Work in FIG Investment Banking?, Choosing Between Buy Side vs Sell Side in Equity Research?
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