I hate to ask a question like this with so many people struggling to find work in the field right now, but I am curious as to what the more experienced members of this forum's opinions are concerning my situation. First, I am currently an IB summer analyst at a BB. I think I am a good analyst, and so far all commentary on my performance has been very positive. However, given the current economic climate, there is no guarantee I'll receive an offer especially since I go to a semi-target school which the bank is likely less concerned about spoiling a relationship with. I recently walked into a very strong connection with a senior executive at one of the large buyout shops (BX, TPG, KKR, Carlyle)and he seems very excited to get me involved at his firm. I am definitely interested in the field, but I'm wondering A. What type of opportunities exist for undergrads at these firms and B. Is this a good long-term move in terms of the skill set I'll gain vs. working in IB?
Thanks in advance to all those who respond and I hope all of you are hanging in there in these tough times.
BX takes undergrads. very few, very competitive.
the others don't have any.
Are you serious...if you have the opportunity to go straight to the buyside out of undergrad at a top shop there is no reason not to pursue the opportunity. You will build the same skill set (although many PE shops do not have comprehensive analyst training programs) and gain significant deal experience (unless you do "sourcing" all day).
guys im really new at this, i just have 1 quick question what is BB ??
Blackberry.
He's asking about blackberry analysts vs private equity analysts.
Bulge bracket
It means Bulge Bracket, aka handful of top banks.
Most monkeys would kill for that kind of opportunity. Definitely follow up with the Senior exec at the PE firm.
Thanks now that makes a lot more sense!!
Yeah, I would be very inclined to take the offer as well. How long have you been at your firm?
while bx seems to be the straight answer, the danger of going into pe without too much experience is that unlike banking, pe is less structured (training wise) and people kinda expect you to hit the ground on day 1. and if you don't make a good first impression, your career progression at this pe will be irreovcably damaged. if you are up for this challenge, go for bx, otherwise getting two years of training at a bank is not a bad option.
Great advice...after all, anyone can be a monkey at a BB. BX's analyst position is a whole different ball game and incredibly challenging
go for the PE firm - after all, this is the whole reason you went to the BB in the first place, right?
You guys resurrected a thread that was originally posted more than a year ago.
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