Have opportunity at BB in the corporate banking division or partners group for direct investing or private debt. Which would you guys recommend for someone whos interested in the buyside?
Would be moving from CB to IB then the PE but it would take much longer than going straight to a firm like PG.
OP, seems like a no-brainer to me, especially if you want to go to the buyside in the long-run. Granted an opp at a BB is great, but you have to keep in mind you're not guaranteed a move from CB to IB.
In PG, at a junior-level (which I'm assuming is your case), private debt skills you'll pick up in the first few years are transferable to PE if you're absolutely looking to transition somewhere down the line.
Weigh the pros and cons, ultimately it's going to be your call buddy.
Out of curiosity, is the opp for PG the Analyst program in Denver ? I presume you're US-based.
My eventual goal would be to end up at a place like Ares/PIMCO/Oaktree/Apollo on the distressed credit side if I went with private debt. Could possibly be a good switch from CB since its debt related?
or an MF if I went with direct/infra.
Only concern is whether exit opps from PG analyst group would be as good as if I just took my time to go through the ringer at the BB assuming I was able to make it to IB.
downsides to PG are: locations and lack of knowledge around PG exits.
downsides to CB are: Extended amount of time +3-4 years to get to buyside.
I’d easily go with Partners Group all day everyday. You’ll gain a more developed skill set and brand name on your resume, COL is significantly cheaper in Denver, and the exits there are comparable if not better to BB corp banking.
If your goal is to remain in Private Debt (apollooaktree etc.) and you have the possibility to skip the IB stint, again, a no-brainer. PG is a well respected name in Europe (can't speak to the US as I'm not based there), and again, their rotational program is going to give you plenty of exposure to deals/people (network)/,sectors etc..
On your point of exit opps, I really don't think you'll be limited by not having done a couple of years in IB... as long as you're good, you network a bit ( or not ), you should have a good shot at lateralling, especially coming from PG.
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OP, seems like a no-brainer to me, especially if you want to go to the buyside in the long-run. Granted an opp at a BB is great, but you have to keep in mind you're not guaranteed a move from CB to IB.
In PG, at a junior-level (which I'm assuming is your case), private debt skills you'll pick up in the first few years are transferable to PE if you're absolutely looking to transition somewhere down the line.
Weigh the pros and cons, ultimately it's going to be your call buddy.
Out of curiosity, is the opp for PG the Analyst program in Denver ? I presume you're US-based.
Yes Denver.
My eventual goal would be to end up at a place like Ares/PIMCO/Oaktree/Apollo on the distressed credit side if I went with private debt. Could possibly be a good switch from CB since its debt related?
or an MF if I went with direct/infra.
Only concern is whether exit opps from PG analyst group would be as good as if I just took my time to go through the ringer at the BB assuming I was able to make it to IB.
downsides to PG are: locations and lack of knowledge around PG exits.
downsides to CB are: Extended amount of time +3-4 years to get to buyside.
I’d easily go with Partners Group all day everyday. You’ll gain a more developed skill set and brand name on your resume, COL is significantly cheaper in Denver, and the exits there are comparable if not better to BB corp banking.
Hey man,
If your goal is to remain in Private Debt (apollo oaktree etc.) and you have the possibility to skip the IB stint, again, a no-brainer. PG is a well respected name in Europe (can't speak to the US as I'm not based there), and again, their rotational program is going to give you plenty of exposure to deals/people (network)/,sectors etc..
On your point of exit opps, I really don't think you'll be limited by not having done a couple of years in IB... as long as you're good, you network a bit ( or not ), you should have a good shot at lateralling, especially coming from PG.
Your call
Hope this helped
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