How hard is it to place into UMM/MF PE from a BB firm?
I would imagine everyone who wants to from GS/MS would place into MF/UMM PE, but how about people in slightly lower BBs?
How many in the average analyst class at BAML, Barclays, CS, etc place into MF or UMM PE?
Realistically, if you’re a white / asian male, fairly tough unless you’re at one of the top (generalist) groups at one of those firms
Diversity / female is pretty different story as they place very well in those processes
facts
Surprisingly, I’ve found CS and Barclays to be very well represented at all of the UMM / MF than Citi, BAML, etc. I don’t think it’s reflective of the IB Analyst experience, but they definitely punch above their weight.
Agreed on this. I would say I know a lot of people from Barclays/CS who were able to place at top tier MFs.
Also, I made this point on another post, but people get a distorted view by just counting alumni at funds because usually the types of people at a Barclays/CS are less type A than a GS/MS kid. Meaning a higher % of the analysts at a firm like GS will recruit/want to do PE.
For example, about half of my group (Barc/CS) didn’t recruit because they don’t want PE, and everyone who did was able to land a MF role.
The replies in this thread so far are a steep contrast to that other thread claiming that any decent BB/EB group will get you MF/UMM looks...
Looks =/= offers
I heard it’s close to im possible to get there from a “low tier” BB.
Not true, at these banks if you are in a respectable group you will get many interviews at MFs/UMM. I feel like it’s on you from there on to really be prepped/on it.
This. I’m at a “mid-tier” BB in a good group (but not one of our sweatiest groups), and I got invited to interview with most MFs. Landed a MF offer at the fund I really wanted, and beat out kids from MS M&A, GS, etc.
It's definitely not true that everyone from GS / MS / JPM can place into MF / UMM. You probably get more chances at top funds if you are in a highly regarded group but once you're doing the test / interview its on you and you need to have prepared well
Someone did a quantitative analysis to answer this question would read that thread.
Personally, felt like my peers summering at top tier BBs and EBs were more actively pursued by MFs for FT analyst roles.
How about from an even lower tier BB like DB/UBS? Is MF basically impossible and exit options are more in the MM/UMM space? I know there’s the occasional MF exit from these BBs every now and then but how likely is MF if in “top” group at a low tier BB?
Think this year was a bit of an anomaly because of how unprepared everyone was, so many candidates at mid-tier BBs were getting a lot more looks than usual (usually in the "second batch" after the funds found out their primary candidates weren't ready). Not sure what the above poster is talking about but there's a huge difference between getting looks/interviews and converting to offers because things like pedigree and diversity matter even after securing the initial interview. Some anecdotal experience – even at "top" groups at mid-tier BBs, only 0-2 per class per group place into MF/UMM excluding female / diversity. One of my closest friends at BAML/CS/Citi/Barc "top" group (with very strong undergrad, gpa and test scores) struggled oncycle last year and had to go through a grueling few months of off-cycle. At groups like those, you probably have a higher expected value targeting elite MM firms (if you're risk averse) such as Audax, Genstar, LG, etc. Some of my female friends who were in those same groups were getting interviews / offers basically everywhere they wanted with much worse background and deal experience. It's also not true that GS/MS/JPM can automatically secure those seats if they want, not sure where that notion came from.
This is a somewhat fair point, but 2/group (excluding women/diversity) is a lot, and in some cases would be 100%. Speaking from personal experience, there were only 2 people who fit this criteria in my group who recruited and they both landed MF (the rest either didn’t fit the criteria, or didn’t recruit).
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