Opinions MF PE from BAML/CITI
I am about to start working in London as a SA in the Industrials team at BAML/CITI. I previously worked at an EB, wondering what are my chances of landing a job in a MF PE. Will I ever get contacted? By looking at Linkedin it seems like there's really a huge difference between the amount of people they take from GS/MS/JPM vs Baml/citi, is it correct? Would love some advice/opinions
As long as you're at BB/EB you will get the same opportunities as those at GS/MS/JPM. Languages, deal experience and group (Nothing niche like FIG) will be the most important for London PE recruiting. Focus on converting your internship first and don't worry about the rest - London is very different than NYC
Thank you really much, btw they both are FT positions
Does the same principle apply to all the BBs? Haven't seen too many MF PE associates from the likes of CS/DB so low-key worried about my prospects as an incoming analyst
There is a slight difference but it’s marginal + there are alot of people from cs/citi/baml at MF’s and UMM funds so dont worry about it. you will get the same opportunities to interview as everyone else provided you speak a euro language and are at any BB/EB (most important factor here)
Found the incoming DB analyst
how does UBS vs RTH compare for MF oportunity
Roths c&r, services and uk teams are all solid for exits
GF is a recruiter at one of the top 3 London HH that get mentioned here all the time. Basically a couple of funds (ahem ahem Apollo, Blackstone ahem ahem) are incredibly fussy about only taking from MS/GS/JP and want you to have done Oxbridge or equivalent but for the rest of the PE funds you’ll probably be targeting (EQT, Advent, etc.) they usually get given a list of six banks that 9/10 times includes the following names: JP, GS, MS, BAML, Citi, CS. If you’re at any of these names then they’ll screen for language requirements, deal experience and sector focus based on whatever the fund’s HR department have decided they want (remember on the fund side the recruitment process is not run by the deal team, which is why they sometimes make odd hiring decisions). If the HH can’t find anyone working at these banks that fit the requirements then they’ll start looking at other lower tier banks (Laz, Roths, Evercore, DB, Barclays etc) so whether you get looks coming from these places will depend broadly on how saturated or otherwise the job market is. Also FYI if you work in LevFin you’ll get pigeon holed in credit incredibly quickly as HH make a lot of money off those mandates so will push you towards them. Obviously the above is a generalised observation not a hard and fast rule, and all depends on you as a candidate, the broader job market, the hiring manager in the fund’s HR team etc.
Hope the above demystifies the process slightly. Also if you’re in ECM/DCM your odds of getting a job in PE are basically zero, so be in M&A, Sponsors or a coverage team (all these are given equal preference unless the fund specifically requests e.g. Industrials experience). Apart from that the most important things are languages and bank brand name.
Cheers for this. Does university grade matter much? Or is it more about where you went?
How would she treat those who lateraled to one of the banks you mentioned? Would they still count as being where they are now or would there be some discount? Thanks
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