Should I skip the banking years and go into PE out of undergrad?
I completed a summer internship with a BB. I got a FT offer and I was really excited about it. I submitted an application for an upper middle market/mega fund and I was invited for an interview. I got the PE analyst offer. I have a couple days to decide what to do. Should I just skip the banking years and go straight into PE? Or does having the BB on my resume for the rest of my career important? Thanks for any advice.
Congrats on your offers. Maybe it makes sense to hold off on longer term resume stuff for a moment because who knows what will be years down the road. Sounds like you have 2 options in front of you. BB job or PE job. Which sounds like the one you may like to do out of those two next for you? What happens in years down the roads is hard to predict and chances are you may grow/mature and change as a person so may have different ideas of what you want and the world may be a different place in some respects about what pays well and offers better career ops. Either way, best wishes and good luck :)
This is bad advice. You should be thinking less about the short-term and more about the long-term. You’re young and inexperienced, you may have ideas of what the job may be like and what you may like doing… and you may be wrong about one, the other, or both.
You should be laser focused on credentializing yourself because that’s what will have the most outsized impact on your personal “IPO valuation”.
Depends on specifics of the two offers…
GS IBD > CD&R PE > Houlihan Lokey
BX PE > just about anything else
Evercore > HIG
Thank you. I will evaluate what is best for my future, not what is the best for me for the next few years. I appreciate your comment.
Yes take the PE job. It is easier to go from PE to IB from IB to PE.
If it's a reputable PE firm, and that is your long-term goal, then take it. The overall experience and learning will be much better than in IB
Was in a similar situation but top AM offer and Good PD offer. Take the PE role as like someone previously said, it’s lot easier to move from PE->IB than the other way. Also if it’s a direct investing role, feel like you’d enjoy that a lot more than Banking although that’s subjective on your abilities and preferences
I think I know who you are lol. If I am right, don´t take it, M., it´s a shit job and you are too smart for it.
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