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BX and Ares aren't equal. If you can get an AN spot at BX for secondaries you should take it

 

HBV? F That. They pay below market. Though their returns are good.

 

If your goal is MM PE then M&A is a better bet. Secondaries is not a bad place to be at all but IB will provide you with more options (secondaries included).

Edit: Just thought I’d note that I work in secondaries and have no intention of leaving. It’s a great space to be in. So as someone noted below, if you get a seat at one of these spots it’s a really great opportunity and I’d honestly consider it over MM PE. But it’s all about preferences so my initial answer was targeted at your specific question.

 

A lot of people working in secondaries seem to be fairly content with their experience in the field. If you have analyst offers at these secondaries groups, take them. If you know for sure you want to do mm pe, then better to start in ib

 

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