Return Full-Time to EB vs. Lindsay Goldberg FT Analyst
I am likely going to get a return offer for my EB (Not EVR / CVP) barring anything unexpected and have received an offer to join LG as a FT analyst. I know almost nothing about the firm coming from a school w/ very few alumni and would appreciate any thoughts. Headhunters are looking at me for a check. The LG team isn't going to be honest w/ my concerns, and I can't exactly speak to my IB analysts. Here are my personal pros/ cons but I would really appreciate what others have to say!
Stay in Banking:
- PE will always be there and will have many more opportunities to join firms like LG. Given I have performed well I don't think I will have an immense struggle w/ placing
- Analyst class - think I'll be lonely when LG only takes 2 analysts
- Find the work interesting at the higher level - could see myself staying on esp as PE economics get worse
- Maybe use this for group placement leverage after getting an RO?
Leave for LG:
- Just increased fund size by ~45% (3.4 --> 4.9bn), room to grow and get carry in the long-run
- Very small headcount (~20-25 investors, 2 analysts) which likely means lots of responsibility and interaction with seniors
- Opportunity to actually think from right out of college
- Strong B-School and public mkts investing placements
- 1 yr analyst program --> promote to 2 years as an associate
Cons of LG:
- 2nd time they're running an analyst program - concerned about training vs. IB. Way less deal reps and volume. Also 0 data points on how they're using their analysts as they've just started.
- I do think this is mitigated by AI helping you ramp much quicker + having just raised an new fund to deploy capital but I'm concerned that I won't be entrusted with any modeling workstreams and would be behind my associate peers
- Fund mandate also doesn't lend itself to technical skill
- focused on founder owned businesses, likely way more thinking on the market & industry but a lot less in the model -> might be a negative should I want to join a publics seat later
- Performing well in these interviews suggest I might go to a "better" firm should I recruit on-cycle?
- Not sure abt this point though – trading a winning lotto ticket for an unknown
- Significantly less friends (college buddies are not going to be in NYC)
Any thoughts or comments on LG and my decisions would be very appreciated.
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