Prestige Ranking - Undergrad Jobs
- MF PE, MF Special Sits
- Top Restructuring Groups (PJT, EVR), Best IB (GS TMT, EVR, CVP)
- Great IB (PJT, LAZ, MOE, MS, JPM), MBB Major Offices (NYC, SF, CHI, BOS), MM HF (Citadel, MLP, P72), Other top MF Investing Roles
- Good IB (BofA, PWP, GHL), Top Growth/VC, Top Credit, LO AM
- Rest IB (Citi, Barclays, UBS, etc), MBB Regional Offices, MM PE
- S&T, ER, T2 Consulting, Real Estate
Thoughts?
I'm sure 9.5 smokeshow in your school will be dazzled by your list
MMHF > anything sell-side I'm sorry
MMHF is a joke, only a small subset actually puts in the time to recruit for it. Getting a top BB/EB/MBB role is much more competitive (every finance-interested kid recruits for IB, and every business-interested kid + hordes of Ivy/target kids recruit for consulting). I'd even wager that more people with offers between BB/EB/MBB and MMHF choose the former because working at a MMHF sucks and is less prestigious.
Sure, but finance majors are retarded so I don't see how the hordes of non-HYSPM finance kids applying matters. I'd also wager that CAP/Academy is more competitive than IB, given the large number of applicants for a few spots.
The last point doesn't really matter tbh.
I dont think that is the case any more. P72 class size is like 20 and Citadel CAP is 8-10 and they are all extremely sharp and went through a much more rigorous recruiting process. Pod shops have gotten much more desirable in recent years and anecdotally the kids I knew that landed these programs were all also in process for MFPE,
It's great if you love HFs but most kids don't and your job security is ass and optionality not good either which is why it is not as desirable to most kids in undergrad
Right, but my argument is, do we care about most undergrads' perception?
Many sign top IB / MF PE can exit to a pod in 1 yr or SM, why sign and have a good shot of working with some shitty PM in CAP/Academy
Top PMs prefer top candidates, those aren't coming from IB or PE anymore...CAP/Academy kids get repodded more too if they do blow up. Widely known that Academy grads last longer than someone coming from IB/PE...
Forget the prestige, its a race to the bottom. Do what makes you happy.
Accurate list to be honest. Laz should be moved down though
LAZ is literally the best bank in that group except maybe PJT lol what are you talking about
Laz over MS and JPM??
Del
Tier 3 IMO
It's on this list (other MF investing roles)
It’s definitively MF PE, just like infra. You are investing private equity in a range of companies and assets.
Yes as a career it is but for undergrad prestige rankings (I.e. your first job out of school) it ranks below due to the reduced optionality and likelihood of being pigeonholed
In terms of desirability, it is very simple.
MFPE, GS/MS/JPM/EVR/CVP, and Top MBB Offices
Then everything else.
The above keep optionality open and are seen as the most prestigious at the undergraduate level.
MS/JPM/MBB propaganda
MBB is so overrated
No ones taking JPM over PJT RSSG bro
MBB is shit with how AI is evolving, only dumbo recruiting those
Sorry, but putting any IB job above any MF investing seat (especially out of undergrad) is delusional. MFs get their pick of the litter, and the rest are sentenced to IB to slave away moving logos and populating data rooms just for a second chance at the buyside. I went through IB myself, but nobody sees IB as more prestigious, only more attainable for the average person. I wasn’t lucky enough to get into a MF out of UG but that is common knowledge, even if IB prospects might not like to admit it.
In terms of pure prestige, MF investing is Tier 1. From there, what type of investing is simply a function of whatever you’re interested in, not a matter of capability or career potential.
Disagree. Unless you love RE for example you just aren't taking MF REPE over GS/MS/EVR/CVP/PJT etc because your exit opps to MF PE and a whole host of other things are better at the latter.
Ppl are absolutely taking BX/KKR/TPG REPE analyst seats over those ib programs. Ik a guy that exited to a tippy top tiger cub from one of these analyst programs - MF brand is unmatched
delete
quant trading at the top surely?
can clear 300k at a mid to top shop (400+ at the best ones) while working ~50 hrs a week
gs tmt or bx pe is objectively not better than jane street qt
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