Exit Opps a lesser known shop [Think BNP Paribas, Mizuho, Regions Finance Corp, TD Securities]
Hi guys,
I'm getting ready for my summer and I'm just trying to understand the opportunities I'll have moving forward assuming I get a full time offer.
A bit of background on me. I'm from a target and have a 3.7-3.9 gpa. I'm doing lev fin/financial sponors and I'm really excited to get started.
I'm just trying to understand how recruiters will perceive me, particularly with respect to middle market private equity. I could also see myself staying at the bank long term. I'll think I'll understand that a bit better once I start working.
Thanks for the help.
None of this matters. You have no FT return offer and no FT work experience. Right now, your chance of landing a spot at any PE shop are zero. If you come into the summer only thinking about exit ops, you will have a miserable time.
That being said, the exit ops will be slim/non-existent. MM PE, while possibly easier to place into than MFs, is still very tough. I don't know what you mean by "MM PE", but if you look at the profiles that places like GTCR, FFL, Accel-KKR, Audax, etc. list on their websites, most of their associates came from BBs.
My advice would be for you to go into this summer with one goal: getting a return offer. Again, nothing matters without that. Then, accept the return offer and learn as much as you can for a year while keeping an open mind. If you do not like where you're at after a year, lateral. Good luck.
I interned at one of the mentioned banks. Your odds of getting any meaningful looks from headhunters are slim to none. Your best bet is to perform really well this summer, get the FT offer, and network to leverage that into a FT offer at a BB / EB. That's not to say that your experience at these banks will be bad, but that most recruiters and buyside firms don't really give those kids looks. If your ultimate goal is to move to the buyside, then your better off somewhere else.
By the way, getting interviews at other firms for FT spots should be very doable given your profile (assuming you receive an offer).
Agree with the posts above. Those banks are not strong at all in terms of exit opps. Do well at your summer internship, get a return offer and then recruit again for FT. Leverage the return offer and get a job at a BB, elite boutique or legit mm shop (HW, HL, Jefferies, Blair, Baird) and your chances of getting a PE offer become more realistic.
These people are being too pessimistic. You're not going to have every headhunter knocking down your door but you'll still be able to find a decent middle market PE opportunity if you're reasonably competent. If you are indeed working in sponsors this summer, take a hard look at your firm's clients. You could likely make a jump to one of those funds or a similar shop. If you can picture yourself working at one of those places, great! If not, as others have said, focus on getting to a better firm for FT.
This is very accurate.
Hi everyone, I got a summer analyst offer at SocGen but I’m waiting to hear back from Mizuho. Does anyone know which one has better exit ops? I heard good things about LevFin at SocGen
SocGen should be a better bank and have better hours
Speaking from personal experience if you're at TD there's 0 placement ops into MM PE. Haven't heard of anyone who placed from there to anything remotely close to MM
A lot of groups at TD look like they have some corporate banking element, are there any coverage groups solely dedicated to IB?
What about ability to lateral? Would they get decent looks from boutiques / better banks?
How hard is it to lateral after an SA at any of those shops mentioned to a BB
Private credit is very doable from these firms depending on which group. If you’re on the LevFin/sponsors LMM PE is possible.
So sounds like lateral or you’re in IB for life
bump
Anyone knows about BNPP, any thoughts about the exit ops and FT recruiting opportunities?
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