Hey guys, I have a bit of an unusual situation so I'd love some input. I will be working full-time at MB
Trending Content
Career Resources
WSO Free Modeling Series - Now Open Through
April 30, 2024
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
First, huge congrats on landing MBB out of undergrad. That is insanely difficult, so you should be proud of yourself.
A couple of thoughts.
You're correct that MBB>PE is more plausible than HF, but it's still not too common. Aside from Bain Capital, PE firms overwhelmingly prefer ex bankers. This is not to say that the transition is not possible, but you would need to work on specific projects dealing with PE firms and corporate finance. You don't really get a choice on which projects you get staffed on, so hopefully you're in a city that has a lot of finance projects.
Fred Alger is a great mutual fund. If your interest really is investing, there is no reason to turn down ER at a solid fund for banking.
Many thanks for the response :) Luckily I'll be in the NY area so finance projects shouldn't be hard to come by.
But if PE firms overwhelmingly prefer ex-bankers, wouldn't Citi FSG be preferable for previous experience?
PE and HF are different beasts. Although they are both buyside, the latter is much more about deep dive research into companies/industries/economic while the former is more about operations and diligence. I'm generalizing of course, but if your long-term goal is to do equity research at a top hedge fund or mutual fund, I don't see why you would take Citi FSG over doing actual equity research at a respectable fund. I went to a top MBA program, and the ex-bankers wanted to do buyside research. The only advantage of Citi FSG is that it will give you a wider transferable skillset, so that it sets you up for say corporate development, strategy, PE.
It ultimately depends on how serious you are about investing as a career.
Cupiditate ut molestiae molestiae officia harum ut non. Laudantium incidunt ducimus quis. Quos id libero est eligendi autem rerum quae. Nisi esse omnis cumque quaerat omnis voluptatem rerum. Corporis recusandae ad et sint aspernatur unde esse odio. Soluta consequuntur quisquam sed numquam sunt. In ratione quas consectetur mollitia et aut.
Numquam alias cupiditate labore voluptates ea ut est. Non voluptatem dolorum consequatur quam inventore qui sit.
Ut dolor nihil officiis perferendis autem porro. Vero suscipit enim minus officiis quas voluptatem autem. Odio est a sed est quam quia quia. Voluptatibus sunt dolore provident ut voluptatem. Voluptatem voluptatum qui sunt facere veniam eos.
Quisquam sed et quisquam excepturi quasi est. Dolor quae repellendus blanditiis quibusdam rerum sit ut. Aperiam harum eligendi officia qui. Rem aut sequi excepturi aspernatur vel alias aut.
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...