At BBs what percent of guys go into private equity normally?
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that #2 number is way too high if you ask me.
Obviously I have no clue, but from my experience / educated guess on those three numbers would be more like
^ kid works at a crap shop
if ur not in capital markets or a crap group and ur at a BB or elite boutique, about 15% can get megafunds and 70% can get PE of some kind or HF. but only like 70% of people want to do PE after. CS sponsors for example, everyone who wants PE can get it, and lots of megafunds.
at MM: 100% want pe, 0% get megafund, 10% get pe
So says the Prospective Monkey.
Obviously these numbers are hard to pin down and vary every year based on the economy, how many people leave early or get promoted to associate, etc, but based on my experience (MM, during the recession): ~80% wanted PE (rest were grad school or family business) ~60% eventually got a PE job (i'm including the ones that got fired in the 40%) ~5% (one analyst) to a megafund
I wouldn't say 0% of mm get into mega
funds.. but its super low and unlikely.
But yes, CS sponsors get into all the top funds if they so choose.
lindamas - I hope you're not talking about me working at a crap shop... you don't work anywhere, let alone at a PE firm.
Second of all, this guy was not asking whether or not people in sponsors at CS, or TMT at GS, etc, got into PE. He asked what the chances of all people at all BB's got into PE and Mega Fund PE. Maybe it's 10% instead of 5%, but I don't think you're looking at the numbers realistically. I also think you should realize that BB's have tons of analysts in offices throughout the country and world... PE firms are small, even the large ones.
You're a fucking perspective monkey. A.K.A. - you're a amateur, and your primary source of knowledge is forums and hearsay.... get in the business and then you can start to preach again if that's what you like to do.
Thanks to CaptK for setting him straight.
I know see that others were putting him down as well... thanks all around.
Dude it's an internet forum. Get over it.
Agree that he's a troll and ought to get a good booting, but to clarify a point. The 5% number or 60% number are not evenly spread out throughout the firm Nightman (those numbers sound about right). Obviously the strongest groups at any BB will send disproportionate numbers into megafunds, and it's also a self selection bias. People going into DCM/ECM probably aren't shooting for PE anyway, whereas those who get into sponsors, etc type groups are more likely interested in the first place.
How many people who intend to break into PE actually do? (Originally Posted: 05/16/2011)
It seems that every couple posts or so it's about analysts grinding it out for 2 yrs to then break into PE (Or Corporate Development or VC, but let's keep this topic on PE only for now). How many actually succeed in breaking into PE? How difficult is it? For those who've done it, can you describe your experiences? Has it been "worth it?" Please describe pay, lifestyle, culture, and etc in better detail. There are some awesome articles on M&I about this, but wanted to hear it from people on WSO. Thanks!
Search function
Can't really find the post that really answers this question - maybe you can direct me to the link? or we can start a new discussion
bump...
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