Best BB groups for exiting into BX/APO/KKR
What BB banks (specifically the respective groups within) garner the most attention for UMF PE recruiting?
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Here are some of the best BB groups (in no order): GS TMT / FIG, MS M&A / Media Comm, BofA Sponsors / M&A, JPM M&A / Healthcare, CS Sponsors, etc.
Missing a bunch of great groups (e.g., Citi M&A, BofA Lev Fin, etc.). GS Industrials, which is not as "reputable" as TMT or FIG, places a crap ton of people into UMM / MFs, so just because you're not in the "top" group at an already good bank, don't think your chances of getting a job at one of these funds is going to be materially lower.
Also, it goes without saying, but a bunch of boutiques also place well into these funds. For example, Moelis has historically had a pipeline into Apollo.
How is the MS HC?
It's a fine group. Not considered one of their "top" groups but MS has a solid HC franchise, just not as strong on a relative basis compared to say, Media / Comm.
Deleted so I don't dox myself
Assuming you don't botch the HH meetings, you should have very little trouble landing interviews. There's a chance a few funds might be stricter about GPA cutoffs and may pass on you but would imagine you'd be in play for the overwhelming majority of opportunities with that background (test scores help).
The start-up experience is cool and pretty impressive (can also help explain your lower GPA). I think it should be a net positive to your resume as long as you can explain why you want to go into PE and not just become an entrepreneur. Would guess that kind of experience would be rewarded a bit more by growth / venture funds but not speaking from personal experience as I haven't come across a similar profile.
It’s just right that MoCo goes into Apollo. Most tortured IB analyst to most tortured PE associated.
As moelis betters their culture, Apollo will wonder why their pipeline is becoming less resilient lol. Jkjk
Current 1st year at GS in the TMT group who finished on cycle recently. I think the TMT and FIG generalization is a bit overblown. In fact, from what I've seen most of the HC and IND guys have better exits than FIG and definitely on par with TMT. TMT does well but not any better really than the other classic groups aside from the niche groups like NR and REGAL. Most people who are deserving of a MF offer will get it, group placement doesn't matter all that much.
I think where some of the bias of wanting TMT at GS comes from the fact that people think PE only hires TMT analysts to run a TMT strategy. That's objectively not true. It's not as if the people in GS HC are just the kids who didn't get into TMT. They're equally smart individuals. Plenty of folks at GS in non-TMT classic groups go every year to Silverlake and Thoma Bravo. IMHO, if you can get a job in any of the 5 major classic groups you'll have an equal shot at PE recruitment.
Also a point of consideration for the prospects out there. To the best of my knowledge, non of the groups are supportive of recruitment so it's very hush hush. Your staffings are still going on during the few days of on cycle so its up to your relationships with your teams to help cover. In that respect, if PE is your sole goal and you want to work for a BB. Would recommend you go to MS who basically give their analysts a week off.
How’s Levfin stack up in comparison to the classics ?
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Asking the right questions.
GS TMT / FIG / IND, JP M&A / HC, MS M&C / Menlo / M&A for BBs
How does MS NY Tech place?
MS M&A, M&C, FSG, GPUG
How does Cs tmt place?
Places well into WC Growth / UMM / MF - if you do a quick LinkedIn check you can see exits to Francisco, Permira, Thoma Bravo, Marlin, etc.
Edit: The above is for CS TMT not Citi’s (C’s) TMT group. I thought the poster was asking for CS
is this for Citi media and comms?
GS / MS / JPM - literally all groups should get you looks for MF / UMM.
Some solid groups for mid-tier BB’s (there are others, these are just the ones I’m familiar with)
Barclays Sponsors (LA) / P&U
Citi M&A / Citi Industrials
CS Sponsors / M&A
Would add Citi Media and Telecomms and BofA levfin
I’m gonna go out on a limb here and assume BBs like UBS/DB have very little to no shot at looks from these MFs regardless of group?
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