M & A, lev fin, sponsors or industry?

Which of these groups have the highest placements into PE shops (post MBA level)? I am inclined to think it's M & A, followed by sponsors, lev fin, then industry.

The lev fin guys tend to get placed into the credit funds within the PE shops, but not into the buyout or growth equity teams. Is this perception correct?

Sponsors do only coverage, and not much analytics. That's why I rate it a little lower, but they have the relationships though.

I thought that a M & A stint, followed by a sponsors/industry stint would be ideal for PEs.

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