I have to choose between 2 FT analyst offers (graduate) in London:
- GS IBD (TMT)
- Clayton Dubilier & Rice (private equity analyst in the investment team)
I know the question refers to M&A vs PE, but this is also very tricky to me.
CD&R is a strong PE fund, but mainly in the US where as in Europe they invest less.
GS is the top IB. I do not realize how much it could be valuable to get it on my resume.
What would you choose and why?
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London is a good office. Where do you want to be long term? CD&R is fine to cut your teeth at. Do you want to do European PE?
I think I want to work in PE on the long run. But don't you think after GS I could go to a MF? I do not realize how difficult is it to break into MF
What is Mf?
If you want to stay in PE, then take CD&R. Even though it might be not a MF, it is highly relevant experience and will position you very well to exit to a MF if that's your goal after 2-3 years. GS might open more doors if you want to leave finance, but as long as you want to do PE, CD&R will be a great starting point.
Go to GS, you cannot be wrong, and you will exit after a few IB years if you want to.
This is the less risky choice
CD&R if you're interested in doing PE
Depends whether you would rather be one of dozens (to hundreds) of GS/MS/JPM (/BB) analysts in Europe or one of the MM / MF PE analyst position across the continent.
Should be a no brainer in my opinion.
Edit: assuming you want to stay in PE (be MF or non-MF large cap) / HF - if you are not sure and might switch the industry i agree that GS gives you a broader set of exit opportunities
Bump
CD&R is a rare opportunity but I would pick GS. After your IB stint then you will have no issues to get into a MF if you want and if you change your idea and realize PE is not for you then you have many other options.
How did u decide?
Bump
Btw did you intern at Gs?
Any insight on CD&R compensation in London (base) for analyst associate vos anything tbh
Is it lower than IBD
It is (much) higher. You are getting paid in USD. >$300k ASO1.
are all US funds paid in USD (BX, Apollo, KKR)?
Yes
How did you get CD&R? Through KEA consultants or did you email them directly?
Anyone?
How do you get into the process for CD&R?
Dartmouth
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