Macquarie MIRA PE or GS/JPM/MS?
Received offers (from one of the three BBs) for NY offices for summer 2020, as well as Macquarie. At a top target school - does anyone have advice? I'm concerned with GS IB having a low return offer rate, and JPM IB and MS IB having a bad group placement. MIRA sounds like a great opportunity to go straight into PE, but I do not know a lot about its reputation. I need to make a decision soon and would appreciate input.
Take MIRA if you're interested in Infra PE and know that's what you want to do. It's the best infra fund in the world, the hours are much much better than any banking offer, pay is street or above street, return offer is pretty much guaranteed, and its a growing fund that focuses on retaining its analysts which means very little churning and structured promotions. If your not sure that Infra PE is what you want to do, take the other offer. You have lots of optionality coming from JP/MS/GS even if you don't get return offer.
What's the salary and hours like in MIRA?
Hours are 50-60 with the occasional 80 during live deals. Pay at analyst level is equivalent to a BB salary, and from associate and beyond salary is about 10% less than a UMM fund. Infra Funds have lower target IRRs so pay across divisions has a slight haircut to traditional funds. But the work has much less stress and it's as close to a typical 9-5 job you'll get while still making a top 1% salary by 30. Correct me if anyone has other information.
Would personally go for MIRA and even their MacCap as it is a hybrid of advisory/IBD and private capital (Private Transactions Group)
Personally, do not agree. MIRA is comparable to MS/GS/JP but MacCap is significantly under them. Even MacCap's best group, Infra, is not the same level as a top BB.
This is bad advice
Knew not everyone would agree, hence why I said "would personally" and not "you should". But yes definitely if you couldn't care less about IB and want to go straight into PE, MIRA > MacCap. And yes agree with the BB comparison if prestige is a priority!
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