Most of the people in BB MO (Corp. Finance rotations) are from Targets/Semi-Targets?
Was catching up with an old friend of mine who spent two years at a BB Corp. Finance program.. One of those rotation type of things. Dont know the name of it, but I assume its MO, similar to a GE FMP program. He was telling me how the largest percentage of his class was from Targets/Semi-targets and "non-target" schools were still the minority. Even in MO.
I dont know if its just specific to his firm, but from what I've been reading on here, people say most of the people in MO are from non-targets. So is Corp Finance at a BB really not that bad? Of course its no IB, but he was able to get into a good MBA program afterwards. Not sure if he tried to lateral into FO and failed or if he just wanted to try something new.
At BBs, even back-office is comprised of mostly semi-targets. Non-targets are more well-represented there, but are still not a "majority."
BB MO and BO have "targets" that differ from front office. For instance, a certain BB group hires from GWU and American in DC for MO, but doesn't hire any to the IBD.
I'd assume so, but some of the targets he mentioned were uPenn, Columbia, Chicago.. etc
You better believe they want the best for middle office work. Shit, a lot of the MO guys are probably as smart or smarter than the FO guys. They handle things like risk management, do you really think Goldman is going to give that responsibility to a guy from the University of Butt Fuck Nowhere with a 2.8 GPA? Fuuuuuck no they're not.
I'm a first year analyst in BB corp fin, so yes it's MO, and I, as well as almost all of my colleagues, are from targets and semi-targets (whatever the fuck that really means).
not to get all self-righteous, but when you say " So is Corp Finance at a BB really not that bad? Of course its no IB..." I think you are making an over-arching and false generalization typical of many on this site, which is that everyone wishes they could be in IBD. Speaking personally, and for some of my friends / co-workers, corp fin is perfectly desirable, and having weekends free is definitely worth the salary cut (well, bonus-cut in relation to IBD analysts at this level since all our salaries are pretty much the same) -- I mean, I get to spend time with my friends, family, and even some hobbies. Beyond that, the exit opps are pretty good in my opinion. Are they as numerous and "prestigious" as as IBD? No. But, given that I didn't want to work 100 hours a week in the first place, I think I'll be okay not doing PE at TPG or BX in a couple years.
Also, one thing I was actually surprised to learn (maybe too much time spent reading stereotypes of WSO before I became a corp fin analyst) was that MO people (corp fin, risk, etc) tend to be quite driven and goal-oriented,
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