London: IBD vs. AM in terms of lifestyle/exit opps
What are your thoughts on the relative pros/cons of working in IBD vs. AM in London in terms of exit opps? From what I've seen PE opportunities outside of the usual megafund suspects are bad. Just look at the portfolio of MM/LMM funds - maybe there's money to be made, but I'm not sure I want to work with auto retailers and dentist practices. Furthermore the pay decrease is real and those MM/LMM are based in non-glamour neighborhoods - you're lucky if you end up in Knightsbridge. Just compare that to the US where all firms are based in nice tall buildings of steel and glass.
Same thing for VC: outside of some cool shops, there are no small VC funds. It's just some guys doing angel investing with their own money and calling themselves a VC fund, but the ecosystem is way smaller compared to the US.
Now AM is the exit opp in itself. You either get to work in Mayfair or the City and hours are good which allow you to gain seniority without having to start again when you make the move to the buyside as it happens for investment bankers.
What do you guys think? I'm talking specifically about London, which is quite different from the US.
Can't tell if this is a shitpost or not
KKR New York:
KKR London (and that's Mayfair!):
What's your point here?
I assume you think it was a troll because I implied that Knightsbridge was shit
Well partially that but also this weird focus on what the outside of your work building looks like combined with some misinformation about being lucky to work in Knightsbridge when 90% of PE firms are in central London.
Let's work on a per-neighborhood basis because at this point central London is a meme. For instance South Bank is arguably very central yet it's a shithole
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