Discerning whether public or private markets are for me
Rising junior at a target and just signed with solid bank for summer 2024 (typical PE exits lean UMM with possibility of MF). Fell just short of the PE summer analyst offer I was truly gunning for (got waitlisted after the Superday and had to accept an exploding offer) but the interview process solidified that I want a career in investing. I've done a boutique IB internship before and currently working at a F500 company in a strategy position and have decided I want a more entrepreneurial path with the dream of running my own firm/shop after a long stint at a reputable PE or L/S HF firm.
My question is how can I spend the next ~12 months ahead of my IB internship trying to figure out if I should pursue the PE or HF route. I pitched a Stellantis long/ Rivian short last fall and seeing how that bet and my Marathon Petroleum Company long in Dec 2021 were smart picks, I believe I have somewhat of an aptitude for public markets and definitely a keeness to learn from the best. The carry economics of a sizable PE firm and being able to get your hands dirty operationally are appealing to me as well, so I truly feel I can't go wrong with either option.
I know I want a role that involves critical thinking (why I love the strategy internship) and not just performing rote tasks without much brainpower (maybe my boutique IB experienced just sucked lol). Open to any suggestions and certainly planning on going through FT recruiting in a year's time as I believe I got unlucky/pressured into signing before some of my top interviews, not to mention how DEI dominated recruiting this year. I am from an area where people barely know what high finance is so mentors told me I should take the bird in hand to at least break in, especially in this market. Would appreciate any feedback!
Hi Intern in IB-M&A, any of these threads helpful:
More suggestions...
You're welcome.
Bump
bump...not sure why is this getting MS. It's a genuine question I'm sure a ton of others have.
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