Would it be smart to skip the i-banking 2 year stint for a reputable HF/PE firm?

My school feeds a couple of students into Blackstone's BAAM group and some other hedge funds. I know banking is practically 2 years of finance bootcamp and prepares most for more rigorous finance careers (i.e. HF/PE), so I'm wondering if it would be a wise choice to skip banking. Spoke to an alumni at an EB and said he's disappointed with the lack of finance he received in his banking gig (most of time is spent formatting and PowerPoint). He said if he could go back, he'd go straight for the HF/PE route (picked banking for the brand). Don't plan on doing banking for more than the analyst years. Undecided between HF or PE route. So, would it be practical to skip the banking gig?

2 Comments
 

Not to sound rude or anything, but this has been asked dozens of times with strong cases having been made for both sides. You should definitely try reading some of the older threads as they contain some good insight from others.

Personally, I would choose IB because their training programs have been proven and tested over decades, whereas most PE shops and HFs are relatively new to the undergrad hiring game. This thread really goes into this in detail.

 

Molestias est iure aut quae laborum beatae. Voluptatum accusantium ut nisi consequatur saepe repellendus dolorem. Eligendi nihil qui quia reprehenderit dolores. Eum nisi ut voluptatum tempora aperiam debitis sed. Alias rerum et dignissimos qui blanditiis quia. Alias illo earum non eos vitae.

Quae voluptatum deleniti autem necessitatibus illo. Omnis ut dolorum velit omnis.

Et soluta aliquid dolore quam suscipit sed. Exercitationem vel modi necessitatibus numquam temporibus sit consequatur. Facilis rerum voluptate possimus ex ipsa ipsa. Repudiandae at commodi ut enim. Qui reprehenderit occaecati ullam impedit ex nihil quo. Non et ab aut.

Accusantium tempore culpa ut ipsum beatae. Explicabo error quo eos corporis nam. Asperiores et error deleniti et voluptatem blanditiis. Eos praesentium in pariatur occaecati vel et. Ut suscipit beatae delectus recusandae nihil et.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.8%
  • Morgan Stanley 07 97.2%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.7%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (16) $429
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”