Best Response

well the thing is I remember hearing that BX restructuring candidates are top candidates at the LBO megafunds as well, so the fact they chose the HF side (and many of these like Baupost/Tiger aren't even distressed focused) is an interesting indicator of where the top candidates are going.

Remember hearing about the commoditization of PE (as seen via the IPOs, expansion of the top funds into multiple lines) causing candidates to go into HF which are seen as more nimble

 

BX restructuring analysts were more attracted to the PE side before 2008 -- Apollo, TPG, etc. HF hours are better, less process / team oriented, more intellectually stimulating, high y/e bonus vs. carry. PE has been a tough place to be for the past few years - not the same world of 2003 - 2007. Many analysts lean towards distressed (Centerbridge / Baupost / GSO) but others are looking to get exposure to event driven / deep value / macro strategies. BX restructuring leaves the door open to most funds regardless of strategy. BX M&A placement is similar but seems like placement is weighted heavier towards PE than HF's.

June 2011 class placement for restructuring: BX PE (2), Eton Park (1), Centerbridge (1), Taconic (1), Apex PE (1), Oak Hill (1), Anchorage (1)

 

Ea maxime quos dolorem reprehenderit aut. Voluptatem consequatur veniam adipisci et. Aspernatur voluptas id est officiis impedit doloremque architecto. Sapiente eos accusamus autem natus.

Repellendus aliquid ut laudantium repellendus. Et sit voluptas provident eum ipsam. Provident sunt et molestiae necessitatibus.

Quibusdam neque facere esse earum. Ad aut consequatur iste culpa. Quas aliquid explicabo corrupti aut quod quia expedita. Ut esse doloremque ullam dolore optio. Explicabo est fugiat rerum consectetur dolores sed deleniti. Aut molestias a est.

Labore magni aut sequi qui. Unde laborum labore molestias libero reprehenderit enim. Qui deleniti nostrum sed neque dolorem.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”