Hi Monkeys,
So my long-term goal is to be a pm and pick the investments or at least have a role. My offers for the summer are either at a tier 1 BB in S&T (rotational) or a top PE firm (specific industry focus)
Both are great offers and I want to be a PM in the future, so what should I do? These are SA offers. I figure S&T will give me a great understanding of what it means to learn a market in/out, but PE will give me understanding of actual investment process and experience with buyside industry.
What do you all think?
i mean if you really want to get into the hf/pm role, you would likely get a more valuable experience out of PE. as im sure you know, S&T is extremely specialized, in that you are a market maker, not necessarily making investment decisions--the time horizon is completely different. additionally, the experience youd get at a PE firm would likely be a much more hands on experience. not to mention if you want to end up on the buyside, youd be better off starting there...
^^Wow, so many things wrong with the above. I suppose part of it is with the definition of "investment", but still......
http://www.wallstreetoasis.com/forums/the-hedge-fund-experience-good-ba…
[quote=Gekko21]^^Wow, so many things wrong with the above. I suppose part of it is with the definition of "investment", but still......
//www.wallstreetoasis.com/forums/the-hedge-fund-experience-good-bad-ugly[…]
How so? Everyone says "trading is the exit opp for s&t". Which I agree with. Many people agree that ib/PE Place better into the hf world that s&t. So what do you mean?
If you got top PE, go for it. Lots of top PE guys jump to HFs when the market is good; that is probably the main source of attrition at the KKRs/BXs of the world (in good markets, of course).
On the other hand, if it is a 500m fund with no recognizable name, I would stick with S&T.
Do you know what you would be doing at this PE firm?
It is a top place (KKR/ BX caliber). I don't know specifically what I would be doing except supporting the associates etc.
So basically it is PE name and experience vs. BB S&T training and experience.
Still don't know what to do.
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