M&A vs. E&F
4yrs of generalist consulting, deciding between M&A position for PE-backed firm vs. investment position for endowment. No finance background or MBA. Pros vs. Cons?
4yrs of generalist consulting, deciding between M&A position for PE-backed firm vs. investment position for endowment. No finance background or MBA. Pros vs. Cons?
+138 | Is my life over after not getting GS? | 32 | 4h | |
+73 | Best IB group on the Street | 35 | 3h | |
+66 | Thoughts and tips on how to speak like an investment banker. | 25 | 1d | |
+58 | BIG FOUR ARE PARADISE | 15 | 22h | |
+49 | Tell me one good reason why Jefferies isn’t going to be a top bank in the next 5 years | 23 | 14h | |
+38 | UBS Outlook | 28 | 2d | |
+35 | How to deal with egotistical team? | 6 | 3d | |
+32 | Are you “less ambitious” for having long term goals outside of NYC | 13 | 8h | |
+26 | Very ridiculous interview feedback | 13 | 8h | |
+26 | Got RBC offer but I have cold feet accepting. | 34 | 11h |
Career Resources
Are they in the same city? Do you/family/partner have a geographic preference?
Kinds of work will be different. One will be buying (and maybe selling) add-ons and probably have some pressure at the least from management/the PE types. I can't tell what comp is but I would guess that it won't be that good since it's corporate AND PE run and they will want to keep costs low. In other words, transaction focused. Can't comment on hours either.
E&F. Stable, permanent capital. Often sleepy. 40 hours a week and probably the best sharpe ratio job in finance if you can find it. Can be boring. More fund investing based, probably more travel. Everyone kisses up to you because they want your money. Great to network in, though exit opps if you want to go into direct investing is hard at best and will depend probably more your senior types pushing a firm they are already invested in to do so (Princeton does this). Otherwise, cushy.
Both probably position you just fine for an MBA.
Good luck
Having worked at an E&F, this hits the nail on the head. The best pay/hours ratio in finance but can get repetitive. Lots of traveling cross-country/internationally which is not as glamorous as you'd think. Much less fun when you're constantly changing time zones and are on the ground for less than 24 hours. One upside of the E&F is networking with those on your investment committee/board - usually some big hitters if it's an Ivy or prestigous non-profit.
Thanks for that! Geography is the same. M&A comp is higher, but 70hrs./wk. I am hoping to avoid getting an MBA if possible, but open to it. Struggling with what my exit options would be after M&A...any thoughts there?
Fugit unde minus consequatur nobis. Quo sequi nulla fugiat repellendus doloremque consequuntur est omnis.
Deserunt enim voluptates aperiam molestias explicabo. Ullam qui laudantium accusantium tenetur harum.
Placeat sapiente omnis consequatur. Ullam sunt sit repellendus ex amet. Id et facere at qui expedita nihil temporibus. Et hic placeat dolore quo laudantium repellendus quibusdam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...