Investment Banking vs. Straight to PE
Currently a sophomore planning for the 2020 summer recruiting timelines. Just like every other person on WSO, I've been recruiting and striving for IB with the hope to exit in 2 years to PE. I'm wondering if it may be better to try to get PE straight out of undergrad and skip the IB hours. I know that there's a valuable experience in IB, but if one is sure that they want PE, then I think it may make sense.
My points; - there are a growing number of PE/GE/VC firms that are accepting Junior interns -> full-time analysts out of undergrads - you essentially have a 2 year head start in PE - get a better lifestyle; why would you go through the hell in IB just to break into PE if you know that you can skip the hell part
Risks - some junior positions in PE are cold calling/not as much modeling or fun stuff - there aren't nearly as many PE positions out of undergrad, and the ones that exist go to HYPW mostly
Thoughts? It would be great to know what others feel about this. I may be missing some points.
Lol @ “2 year head start”
You are in for an extremely rude awakening if you think that PE hours are a walk in the park. ESPECIALLY if you are considering MFs.
^This. MF hours can be equal to or worse than IB hours. Many MM PE funds too.
Don't think its a "walk in the park", but they are for the most part better than IB (there are exceptions). I think we can agree that PE hours are at least more predictabe than in IB and not as much facetime bs.
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