Principal investing (mix of equity and mezz investing) or big 4 m&a corporate finance or corporate banking MA program?
I have been offered the above mentioned full-time positions upon graduation.
Would appreciate your thoughts on which of the above would be more beneficial in terms of career prospects.
I understand that generally the best route is a m&a/levfin at a bulge bracket but I have been unable to secure such a position unfortunately.
Selected info:
Principal investing: pay is between big 4 and bulge (similar to corporate banking MA). good exposure into buyside work and varied exposure into debt and equity investing.
Big 4 m&a: strong deal flow in the area I'm applying in. closed >20 deals in the past 18 months but deal size is relatively on the smaller end of the middle market space. pay is the lowest. Chance of moving on to a bigger CF sellside role.
Corporate banking: MA program in a large global corporate bank.rotational exposure in the bank with a chance of being rotated to a corporate finance spot( albeit just a chance). More likely than not, graduates from the program go into corporate banking.
Thanks!
I would take the first job. Is it Pru?
I do something very similar to first job and love it. Had opportunity to go into the more conventional path, took this one and am happy with my decision every day.
Strongly suggest you take the principal investing route. I worked in that role for years in Asia and am still heavily involved in it today in the US.
The work is much more interesting and, for someone at your career stage, my view is that the exit opps are better and more lucrative.
You also get the benefit of being a a buyside role, having service providers (eg accountants, lawyers) answering your questions and being at your beck and call rather than the other way around. You'll still do long hours, but you'll have more visibility and control over your hours. When you're in your 20s, that makes a HUGE difference to how much you enjoy work and enjoy your wider life.
I say this from the perspective of someone who interned twice in Big 4 (audit & tax) and then worked as a Big Law lawyer post-graduation for 7 years before moving into a principal investing role. That is, I've played on both the adviser side and on the buy/client side. The latter is much, much better in many ways.
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