MBB vs. $3bn AUM Mezz Fund
Got an offer @ MBB and one at c.$3bn Mezz fund. I have done internships in IB, HF and PE.
Wanted to do consulting to go back to PE/HF after 1-3 years and get the opportunity to see something different from finance in the mean time.
I have only done finance internships and as I am very curious and interested in everything, I thought MBB would be a good way to learn a lot of stuff rather than becoming a modeling whizz building financial models with trillion sensitivities and making numbers match between VDDs and Management presentations all day long (which I really enjoy btw lol).
Then if after two years @ MBB I realize I really prefer excel to powerpoint, I could go back to PE (which I prefered to HF as the work is much more detailed and you get to learn a ton by working with consultants/bankers/lawyers and within an actual team with highly experienced partners telling you what to look at) after having seen something different which I think is always enriching in the long term.
But the mezz fund pays +$200k out of UG (redflag: base is only $45k). This is no joke. As they are less prestigious than the usual suspects they pay very high. HH told me that @ associate level you could get 300-400% bonus + carried (I don't know if I should believe him).
UG from this fund left to other debt funds or very nice PE firms though not KKR BX TPG.
They do mainly mezz + buying senior debt @ discount from banks.
And before all it would be a great opportunity to start directly in the buy-side which I think could give me some sort of advance before my UG class, but I am not sure about this point as many people argue that it is better to get a good brand name and solid training in your first job.
I want to have money when I am 40 but I don't necessarily want it quickly.
I like finance (especially buy side) but if I find something which I prefer during @ BCG (like getting a high responsibility job for an interesting medium sized company) I would clearly consider doing that - ie. I am not blocked on finance.
What are your thoughts guys?