Hi WSO, I have a SA 24 offer from Citi and an offer from a PE shop (~$100-150b AUM).
Which would look better on my resume / give me more optionality?
Thanks in advance for the advice
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I’ve found the search bar really helpful for questions like this since they’ve been asked so many times. Just a tip, hope you find what you’re looking for to make the decision.
In OPs defense the search function is kinda crap.
i dont think ppl asked this before specifically comparing mid bbs to legit pe offers
it was always EB or GS I guess where there is more of a case for ib
I think you missed the point. One should be able to deduce from those GS vs UMM PE threads how to make their decision, and it’s definitely possible. Wasn’t the one who threw monkey shit at you, but just agreeing that it would be nice if people didn’t keep asking slight variations of the same questions cuz the real questions are getting buried most of the time and no one is helping kids with unique questions who can’t get easy help (from what I’ve been seeing) but they’re responding to the ones who can put in 2 min to find their exact answer or get on the right track. And I don’t think there’s that much that changes in the industry from year to year to justify new threads on the same distinction. Rant over, hope I don’t get bombarded.
dude i agree that people ask the same questions over and over again on this forum and dilute the efficacy of this forum but my point is that a discrepancy between a GS / EB to a Citi is real. i hate those prestige ranking lists but there is sadly some truth to those. Some benefits you get by deciding to pursue a GS offer instead of PE SA offer does not overlap with signing an offer from Citi. Mind you that the OP is only a 19-20 year old sophomore who may or may not be well informed to deduce a conclusion from those posts as you mentioned. This is true especially when signing an SA offer can change the trajectory of someone's career prospectives (regardless of how ppl say its only an internship; it is real and 2-4 years of your 20's is not immaterial), I see a valid point in the OP writing this post.
But again, I agree with your main point that ppl should use the search function or even google or upperclassmen/mentors more often
Take UMM if you know you want PE, but why is 100-150B considered UMM tho...
What exactly is the cut off between MF and UMM?
100-150b is UMM? lol
What fund is 100-150B AUM and considered UMM...
I mean Ares considers themselves MM per website and they have 200+ aum. MM/UMM isn't based on AUM it's based in deal size and fund size. If a firm's average deal size 750+mm then it's UMM and goes down from there.
i mean if your goal is pe down the road I don't see why you wouldn't take a pe offer
you still have to do group placement for citi (group placements are always a fucking crapshoot) and if you don't get a good group you might not even have a good shot at landing an offer from that UMM fund during on cycle especially when discrepancies between groups are pretty apparent in mid bbs
Why don't you take a look at the evercore vs PE threads, I found that useful
This is likely secondaries. Check her post history.
If it is secondaries/fund-of-funds, go IB. But if by some chance it is direct investing, go PE. IB will always give more optionality but PE is honestly similar skillset and optionality even from analyst role is underrated.
the role is in primaries, I'm looking at lateraling into secondaries however since WLB is better and I'm trying to get married / have kids etc...
Take PE
PE any day and everyday if you're looking to be an investor. IB doesn't teach you how to be an investor.
What does IB teach you then? Modeling skills?
Make nice slides and a bit of excel. We are talking about internships here, 99% of interns don't build models on live deals.
I'd definitely pick Citi in this case. Do PE firms even do return offers for undergrad? If not, then you'd be doing an internship, not getting a return offer, then recruiting in a market where no one is hiring. What then?
Go to Citi. It's a guaranteed return offer, in most cases.
Not sure why you’re talking about. Some PE firms like Apollo don’t but many PE firms now have built out analysts programs already are filled mostly of SA kids.
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