How large is the gap in exit opps BBs in London?
Received a FT offer to start at industry group with decent deal flow history in European BB in London next year. I know some BBs in the lower half of the informal "prestige rankings" certainly place analysts into top PE funds but realistically is it an uphill struggle if you're not at GS/JP etc. in London? Would headhunters sniff around average analysts from some banks but only the stars from others? Thanks
Why would you want to work in top of PE? It is less cool than it sounds; work/life balance is just as bad.
Seems like that's the goal of everyone on this site! I guess at least you wanna be in demand so that you can turn down those kinds of opps
I assume you are talking about Deutsche/Barcap/UBS. I have seen people from these places going into MFs, however people at GS/MS have an advantage but if you can play your cards then you won't have problems.
Any advice you have on how to play your cards right? Do you have any insights into the headhunters' procedures
Build a network of contacts in the places where you want to work and learn as much as you can about the job.
How do Wuropean bbs rank in london?
IMHO, it also depends on the group you choose. I would pick CS LF&FS, it's top notch with very good exits. After CS I would rank Deutsche, Barcap and UBS.
I would be more concerned about your choice for a specific industry coverage, especially if you're targeting a general PE fund.
Exit opps out of London IBD? (Originally Posted: 07/24/2009)
Do banking analysts in London go to PE shops regularly, like they do in the U.S.?
Also, how transferrable is a London IBD experience if you want to ultimately come back to America?
The exit opps in London is much less structured than here in NY / US. This is not necessarily good or bad, but different. If you are an analyst in the U.S at a BB bank (gs,ms,cs,ubs,jpm,citi,db...even upcoming ones like bac and wfc), you are pretty much guaranteed interviews at PE/HF shops. I was able to secure an offer after my first year, and luckily only spent one year in IBD.
Did you go to school in London and want to make a transition to the US? If so, this may be more difficult. I know a couple of kids who went to work in London offices, and spent 3-4 years as an analyst (fuck that shit.)
You should look to the MBA reports of LSE, OX, LBS, QU and see where the MBA's are recruited to. This should give you a baseline for the exit opps
no, went to school in the U.S., but considering London investment banking...do you think it would be good experience to transition back to the U.S. after a couple years in London?
If you get an offer from a respectable IB in London you should not have any problems transferring back to the US considering you are from the US and went to school in the US. But as always, it is always about making contacts and networking.
Exit opps in London (Originally Posted: 02/22/2014)
I was just wondering if anyone here knows what the exit opportunities from IBD are like in London?
I've heard that there's a lot less movement to PE firms and HFs... Are there a lot of VC firms in London that recruit analysts after 2 years?
Thanks!
Why are exit opps less hyped in London? (Originally Posted: 01/24/2012)
Why are exit opps (BB to buy side) so much less hyped in London/ Europe than they are in the US? In London it seems like its very rare for people to leave after 2 years (norm in the US) and many more people stay to become senior bankers.
Is it because there are less buy side exit opps? Is the pay / work differential not so great? Just a culture thing?
I can only speak of a German point of view (though Germany is much more similar to the UK than to the US afaik): There are definitely a lot of buyside opportunities and some of the guys I met during the early days of my studies already work there.
I think PE IS hyped the same way as in the US, but you are way more flexible, as you do not have to follow the "IB -> PE -> MBA -> PE" route and have a fair shot at buyside positions right out of ugrad studies.
In Germany, PE funds recruit both, Bachelor degree students and more senior guys, such as former Associate or VP+ staff from ibanks. There are also a lot of other well paying jobs out there which you want to consider after an IB stint, such as Consulting, Industry roles or even working at the Big4 in their CF departments.
The finance industry is not hyped that much in Germany as it is in the US in general. For example: I did not know that there were other banks in Germany except the two retail banks I was a customer of and Deutsche Bank and Commerzbank until I was 16 years old.
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