BX REPE vs BB (GS/MS) IBD

Hi guys, target school junior going through recruiting right now. I have offers form both and was wondering which was the better option. BX offer is for real estate and BB IBD offer is for natural resources/energy (in Houston), but im pretty much industry agnostic and find buyside work more interesting. I'm leaning on taking BX REPE offer, but have heard mixed stuff on comp/experience (mainly that REPE comp is lower compared to other corporate PE groups, does this hold true for BX?). Penny for your thoughts...

3 Comments
 

Pick BX REPE. Both REPE and Energy IB in Houston are very specialized. If turns out you don't like your BX REPE summer experience, you can always get another FT buyside job, leveraging BX REPE's prestige and the training they gave you. It's harder to switch to buyside or BB's more "generalized" group in NYC after your Energy SA in Houston.

To believe is very dull. To doubt is intensely engrossing. To be on the alert is to live; to be lulled into security is to die. by Oscar Wilde
 

Don't know why I got monkey shit..... OP stated that he finds buyside work more interesting. I believe BX REPE SA would have a better chance to land a buyside FT job than most of GS/MS SAs placed in average groups (non-M&A, TMT, etc.). Houston is a huge factor here. For SAs interested to switch to buyside FT, a lot of NYC-based FT buyside interviews happens in mid-summer. Being in Houston gives OP fewer opportunities to networking and attend interviews. Besides, if OP is not from Texas/South or attending UT Austin/Rice/A&M, doing Energy IB SA in Houston could be a less interesting experience than a top PE SA, given the fact that OP is industry agnostic. Internal mobility across groups may not be a guranteed thing in MS/GS. OP could be a guy doesn't like energy and stuck in Houston for 2 yrs. Indeed, OP may don't like BX REPE SA experience either, and BX doesn't have much internal mobility between RE and Corporate buyout. But a transition from BX REPE SA to other buyside FT is much easier than Houston Energy SA. Even OP return BX REPE for FT, after 2yrs, OP would still have a better chance to switch to corporate PE than Houston energy IB analyst (except for energy-focused shop like First Reserve/RiverStone).

To believe is very dull. To doubt is intensely engrossing. To be on the alert is to live; to be lulled into security is to die. by Oscar Wilde
 

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