Exit Opps - GIC NY
As per the title, was wondering about exit opportunities for undergrads at GIC (NY) - public equities / global macro, particularly into corporate facing roles such as corp strat?
As per the title, was wondering about exit opportunities for undergrads at GIC (NY) - public equities / global macro, particularly into corporate facing roles such as corp strat?
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Why would you move into corp strat from an investing role? GIC investing is the exit opp.
Are you the guy posting the same question about BNP and UBS exit opps / prestige? You will not enjoy finance (and likely wont succeed) if all you care is about prestige and exit opportunities.
I guess its more along the lines of flexibility in case things go south? I mean investing is fun and all, and I'd definitely see myself doing it for the next few years, but I am just a bit concerned about what if I do not like it / want to enter corporate after a few years covering said companies from a public markets standpoint. At the very least, with IB you'd have that sense of available exits in case things go south, but would it be fair to say that applies to equities / macro at firms like GIC?
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I know one person who went from an investing role to corp strat during a re-org. She absolutely hates it and would give her right arm to be back in investing. The N is not statistically significant, but take the anecdote as an indicator.
what do you mean by a re-org? Also was the person you knew from a sovereign wealth fund or from an Asset Management firm in general? I mean theres plenty of material out there for traditional AMs / HFs, but not really so much for the public eq / global macro segments of a SWF :/
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GIC is the exit opp. It's an extremely well-respected SWF, I'd argue the most coveted one among all, though that's always debatable. I'm not sure what you want out of a career but you'll get paid fairly though not outrageously good, will get a decent work-life balance at least relative to rest of the industry, interesting deals/research, no fundraising nonsense and will likely have plenty of internal mobility to get exposure to different groups/asset classes. Your classic exit opps will likely be other SWFs, pension funds, maybe endowments depending on your role. I don't see people going from captive balance sheet investors to "commercial" funds often, though I've seen it happen and it can be done. Especially at the senior level it's just a very different mindset - less about running an investment business, more about investing itself and corporate dynamics. Most people at these places are happy with everything with the occasional complaints about politics and comp (but you get that everywhere). Maybe you want something more fast-paced at the junior levels but most mid-career professionals would jump at the option to join GIC because the lifestyle vs. pay is pretty great.
Can you elaborate more on GIC's compensation and culture / WLB? Any insight on their real estate team would be great. Am coming from a BB IB background and would be interviewing for an associate role. Any and all insight appreciated.
Did you go through the interview process? In a similar position now.
BlackRock is the exit opp
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