Advice on choosing offer
Hey everyone. I have learned a lot from reading these forums before and the advice has actually allowed me to receive some offers for this summer. Thanks for all of the help. I am currently a sophomore at a target school. I have a summer offers at:
- No name MM boutique investment bank
- Large-cap PE but seems more research orientated from descriptions I was given at interview and not sure how much deal experience I will get
- Mid-cap VC firm
Which do you guys think I should pick for this summer to ideally set me up well for a BB IBD or Large-cap PE for next summer after my junior year. Thanks everyone!
IB
go with the PE - everybody in IB is a brand whore. If they see a large cap PE firm, they (BB IBD) will all invite you in for interviews, and you will probably get a BB IBD. doesn't matter if it's more research oriented. there are tons of kids who work summers in no name shitty MM banks i've never heard of...unless there's a compelling reason i always pick them after people who've worked at more recognizable places (it's also just defensive...if the interviewee ends up being a total clown in an interview with your senior, you can always point and say, well he worked at KKR not my fault he's stupid)
MM IB
OP can you give us a list of similar caliber PE shops to one you have an offer from. Is this on the KKR/BX/TPG level?
Seeing as this was posted in the I-Banking Bullpen I'm going to assume your interest is in IB. Thus, MM IB.
Does said PE firm recruit for FT from undergrad (like Baincap, Silverlake, Blackstone, etc.)? If so this may be your opportunity to network and impress some people enough for a shot at PE FT at a large PE firm straight out of undergrad which would be like winning the lottery. I currently work in large cap PE which hires straight out of undergrad and believe me that those guys feel blessed to have skipped 2 years of IB hell. Think about it.
This depends on what your goals are. I know people who would take the midcap VC over all the other offers hands down (I would, becuase that is what I want to do)
Thanks for all of the advice guys. To JeffSkilling: It would be just under that level. Top 10 for sure in terms of size. To spinner: the firm does not usually recruit from undergrad and they have already told me that most likely there wouldn't be a real front office position for me next year, as the position would get no deal experience just market research experience.
Also xqtrack thats an interesting perspective and definitely something I will keep in mind. Are there really that many applicants that have MM IB experience their sophomore summer? Would you be able to guess on the relative percentage of applicants that have this? Thanks everyone!
Why do IB for another summer in a no-name shop when you could get a different experience with a brand name top PE shop? Chances are either way, you'll get BB IB the next summer, which in that case, they'll train you to get proficient on the job anyway. I'd go with #2 or #3.
Thanks for all of the advice everyone. I am also thinking of doing something unconventional and working at an internet start up that I think has a very innovative idea that might take off. Anyways I was wondering if anyone knew, or could estimate, about what percentage of applicants to BB IBD in their junior year would have previous IB experience during their sophomore summer. Thanks!
Quibusdam iusto voluptatibus quo eum nobis. Harum qui doloremque amet in velit. Laboriosam qui neque explicabo distinctio unde porro molestiae.
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...