Summer Internship Choice Help: GS TMT vs. BX PE
Trending Content
Career Resources
WSO Free Modeling Series - Now Open Through
April 30, 2024
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
Can't exactly tell if you are trolling or not....but if you want buyside long term, why not go with BX PE to begin with?
BX PE - not really even a challenge here. You can bet it's better lifestyle-wise than GS TMT - those guys get worked like dogs.
Not trolling here.
From what I've heard, the hours in BX PE as a summer/first year analyst are similar to that of TMT. I've also heard from people that banking will prepare you better for PE in the long term. Do you guys disagree?
I think you'd be a fucking idiot if you didnt take BX
Before all the college kids start freaking out about him being an idiot for having to consider this, there's a major detail missing here that needs to actually be addressed: is the BX opportunity something that could actually turn into an FT gig? The answer to this question should turn your decision into a pure binary one.
I've heard most kids that take the Harvard/Wharton -> Megafund SA (with no Megafund FT option) -> IB FT route end up at 2nd and 3rd Tier BBs. Obviously that's still a great end result, but if you're on this level as an SA, then it would still be a step down. I guess it's just important to realize that GS TMT, while not a door that will be fully shut should you decide to explore FT, will be even harder to walk through after having already established a history of rejecting them.
You really think if you summered at BX PE and didn't get an offer, that you couldn't end up in a top IB group? It might not be GS, but guys like MS, JP, Evercore, etc have taken people who didn't get offers from worse groups.
If OP really wants to stay in buyside, then this is a no-brainer. With GS making it tougher for kids to recruit, you might get a ton of looks but there's the risk that you don't get the best opportunity due to unforeseen circumstances. Whereas at BX, you can stay on as an Associate, lateral to a different PE shop or go to a HF. In fact, if he decides he wants to go to banking, he could probably join as an Associate in banking after that.
bx
I hope everyone here realized this kid was trolling. GS group placements didn't even come out until late last week/early this week.
Eos itaque praesentium ratione est ad. Et cupiditate corporis molestiae consequatur reprehenderit consequatur et. Ut veniam ipsa eos inventore et. Aliquid architecto ducimus et architecto.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...