Family Office vs Regular IB Route
Feedback is appreciated. I wanted to know what the thoughts are on going to be a PE analyst at a family office before moving to a larger MM or even a MF. If directly out of getting a masters in finance for pre MBA rebranding (part time) while working at TAS or smaller boutique shop, having the opportunity to go to a larger known bank vs a family office instead before MF. End goal is to be at a MF Private Equity firm. Thanks.
In my opinion you’re going to have a harder time recruiting for a MF out of a family office. Perhaps it would be possible if it’s an incredibly baller and prestigious family office, say George Soros’ or something. Otherwise you won’t have the large deal experience, volume of transactions and brand name to go to a MF. With that being said, family offices have a great lifestyle and pay well. A lot of people go into banking to get those jobs, so if you have an offer on the table for one really consider if it might be worth doing!
Thanks, that reply definitely helped. I guess in terms of always wanting to move forward in life I would have to opt for the MF. I can always go from MF to family office. Also, I've been reading about how private equity family offices differ. Basically, since portfolio companies are held for the long term and family offices don't raise new funds, it's a bit limited in my view. Though, I'm sure many like the lifestyle and pay balance. I still got a few hurdles to jump, but thanks again.
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