I am currently working at an investment bank and will probably make the move over to a Fund of Funds. The company has told me that I would have great sell-side experience and with the buy-side experience I gain in FoF, I should be very well rounded and would differentiate myself from the regular IB to PE candidate for B-school. My question is what opportunities are there for someone like me after I complete my MBA, say at a top tier B-school (Chicago, Wharton, Northwestern, etc.)? Would I be stricken to Asset Management or would I still be competitive enough for Corporate Strategy/Business Development positions?
Dec 11, 2009
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How would FoF make you more competitive than traditional direct investing? If you are thinking about the story, it would go something like this:
Direct: We analyzed a company's financials, conducted due diligence, met with management, structured the deal, and "created value" by making the company better.
FoF: We got a prospectus from a fund, ran a fatal-flaw analysis, met with the fund manager a couple times and got a feel for strategy, briefly looked over portfolio company financials, invested money into the fund, and then we "set it and forget it".
Which one sounds more compelling to you?
Ruby Rhod, I didn't say that my route was more compelling than direct investing or that it was better. PE is obviously a better position, but what the recruiters told me is that there would be less people that have an IB/FoF background heading into B-school than people that have an IB/PE background, hence, I would differentiate myself and be a little different than the pack, not necessary more competitive. Are you insecure or something, man? I have many friends that go into PE from IB and I wish them the best and have a lot of respect for those guys, so just calm down.
Additionally, my question simply focused on exit opportunities, as I wanted to see what my options were since I wasn't going into PE.
Wasn't trying to be overly critical, I just wanted to convey the point that direct investing is perceived as more substantive, which could then put you at a disadvantage. Sorry if my tone came across like a tool.
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