Would you take MM PE out of undergrad over BB IBD?
As someone with a school that has postings from both, I always wondered if anyone would consider going straight into PE straight from undergrad.
Personally, I'd want the camaraderie of being in a bank, but if you're going to do 2 years in a bank just to go straight to PE, why not start in it?
The main thing is some of your closest friend would come from a bank, while at PE funds it's mostly senior people you wouldn't be interacting with much outside of work.
What do you guys think?
If I wanted to do PE in the long-run, I'd probably just go to MM PE. That's based off of my 0 seconds of experience in either industry though.
the camaderie/friendship is not "the main thing." the main thing is the rapid-fire experience/training, the variety of clients/deals you'll see, etc. having said that, sure, you're right, why not go straight to PE?
Chances of going from a MM PE to a megafund PE is less then a BB IBD to megafund PE.
BB IB vs MM PE for someone who wants to do...PE (Originally Posted: 02/07/2008)
Hey, I'm a junior, and I have offers at a pseudo-BB (think top 10, not top 5, same pay scale as Goldman but not as prestigious) and a MM Private Equity shop.
I want to eventually go into PE or MC (Not banking), which internship and subsequent career path should I consider? I just want some advice as to what the costs and benefits of each path are.
I am pretty sure salary is the same at both in terms of summer as well.
If you want to do PE, take the PE gig (as long as the firm is legitimate and you'll get good deal experience). There are skills in PE that you can't learn in banking. If you eventually want to pursue a career in the industry, why not get started asap?
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