Hey guys,
Just wanted to pick your guys brains on something that I noticed when looking through the profiles of associates at megafunds (KKR, H&F, Bain Cap, etc.) and top upper MM funds that a lot of their current associates come from the big three bulge bracket banks (MS, GS, JPM). Yet on WSO, a lot of people post about how top EB's like Evercore, PJT, Laz are placing the same or better than top BB analysts. Why is that? Am I perhaps missing something?
Take H&F for example, all the associates are from either MS or some MBB firm, with one associate from PJT Rx.
One reason why I think I might be seeing this is because of the sheer difference in number of analysts between EB's and BB's. Perhaps people are saying that on a % basis (in relation to class size), people in EB's place on par with BB's??
*note that this post is not intended to offend anyone in EBs. I'm just trying to gather some honest opinions from y'all with more insight than I do!
Thanks!
Curious about this as well.
Perhaps once you have made it to MF, this is how you want to brand yourself on LinkedIn without "the white noise" in terms of your EB background while the BB brand background might be some ego thing to keep to show people outside the finance community where EBs aren't that known.
I might be wrong as well.
What that's not how it works you don't just get to say "ahh no I worked at MS" after two years at Evercore.
I dont think TomFord is trying to say they change their linkedin or the facts, he's saying that they just leave their two year stint off of their linkedin.
I will say however that I am skeptical of this as when you are that ingrained in high finance most ppl in PE (i'm assuming) will know and respect an EB background.
Def at MF’s there are senior members of the group who are former Goldman, ms, etc and thus they continue to hire mainly from these shops. Depends of course on the focus, credit, PE, real estate etc
Why so many high SAT scores at Stanford?
Yes its the numbers, a lot of the EBs do better on a % basis, but have much smaller class sizes
Volume is probably the biggest factor. EB analysts also tend to favor hedge funds more than BB analysts from what I’ve seen.
hmmm that's interesting I didn't know there was such a trend. I also thought ppl for the most part had to do some PE before jumping over to top notch hedge funds
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