Does my choice of group matter?
Honestly liked almost all the groups I’ve talked to so far.
Some groups I have talked to are “less prestigious” at the bank.
Does that really matter for exits? It seems like UMM PE at a BB is possible from any group. Am I wrong?
Some groups will have better historical exits than others but don’t read too much into “prestige” bs.
The most important thing for recruiting is yourself as a candidate. Even if you are at GS TMT but for PE you can’t interview for shit, you won’t get offers.
Also don’t forget you’ll be spending two years working there so best not to be miserable
I see so many UMM PE firms that have Associates from MM banks, etc.
Gives me the impression that if you're at a BB, options are open no matter what group you're at with the exception of MF PE.
Is that a good way to read it? I can pick a "bad" group, make the most of the experience and I'll be fine?
Thanks for the advice
I’d avoid highly-pigeonholed groups unless you are certain you want to stay long term (i.e. FIG).
TMT,HC,Consumer,Industrials, M&A, etc. are all broad enough to where you will learn transferable skills.
Group matters for a few reasons:
You have to decide which of these factors are most important to you, then ask the right questions while networking for placements, and then make a choice from there. I prioritized joining a group where I would get good experience (good deal flow, nice people/culture) but also where I would have reasonable hours/WLB (e.g. our tech group is sweaty, so I decided not to aim for it even if I was more interested in tech as an industry). I got lucky and I found that.
Est quidem error qui odio in a iste. Aut iusto ex natus aut.
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