Should I recruit for full time
Recently interviewed GS and JPM, and got offer from JPM SF healthcare for junior summer. Also had another APAC BB offer for sophomore summer. Thinking about if I should aim higher for full time, ie GS or EVR. What is in my mind is about PE exits. I know JPM HC has great exits but will being in SF put me in a disadvantage? Also will it be worth my time to re-recruit or should I relax a bit? I am pretty conflicted right now in my situation. Thanks for any advice
Based on the most helpful WSO content, here's what you need to consider:
JPM SF Healthcare Exits: JPM Healthcare (HC) is known for strong exits, particularly into private equity (PE). While being in San Francisco (SF) might slightly limit exposure to NYC-based PE firms, it’s not a significant disadvantage. Many top-tier PE firms recruit nationally, and JPM HC’s reputation will still carry weight.
Re-recruiting for Full-Time: If your ultimate goal is to maximize PE exit opportunities, groups like GS TMT or EVR M&A are often considered top-tier for PE placement. However, re-recruiting comes with risks:
Worth Your Time?: If you’re confident in your ability to network and secure interviews at GS or EVR, and you believe those groups align better with your long-term goals, re-recruiting could be worth it. However, if you’re content with JPM HC and its strong PE exits, it might be better to focus on performing well during your internship and building relationships within the firm.
Relax or Push?: If you’re conflicted, consider the following:
Ultimately, JPM HC in SF is a strong position, and many would argue it’s not worth the risk of re-recruiting unless you’re targeting a very specific group or firm.
Sources: GS TMT/FIG vs PJT RSSG vs Evercore M&A, BY EASE OF RECRUITING, JP Morgan Exit Opps to Private Equity?, GS/MS/JPM vs EVR/PJT/PWP, What was your path to a Real Estate Private Equity job? Looking for advice, MS/GS vs EVR/PJT
Being in SF won't be a disadvantage, and JPM is as good of a HC brand as there is. You can easily exit to a VC/growth/PE fund that focuses on health tech (most are in SF or have an office) or a proper HC later stage fund. Do your summer and then worry about it after you see how it progresses.
Thank you for the information! I also have another quick question. Will working in HC area further down the line require a hard science background. I am currently majoring in Econ and wonder if that is sufficient.
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