Can I join a megafund if I become an analyst at UBS? An alumni from my school at a megafund said I should go to any other BB or even a big MM and UBS would limit me. I see an analyst at UBS went to Carlyle recently but it was for real estate. Should I join the real estate group if I am set on megafund?
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Your alum is right. Just join another bank lol. RE is a pigeonhole
Look at the LinkedIn profile of Associates from the MF you are interested and see where they did their IB stint. Not everyone from even GS or MS ends up at MFs..
Id suggest you accept UBS, if you have an offer, and keep looking for better options. I wont suggest you turn down UBS for top MM. The only exception would be Jefferies NY but even this is group dependent. Blair/Baird focus is more middle market and their presence in Midwest only makes it tougher to recruit for MFs. For Midwest/Chicago PE, id suggest Blair/Baird.
RE is a completely different beast. There is equity side and debt side. Look if MF is doing (i) asset level deals -- acquiring single or portfolio of Class A office building in Financial District or (ii) RE Operating Company deals -- acquiring a REIT that owns/maintains/develops last mile logistic warehouses or office buildings. Carlyle, Blackstone and Apollo RE are very different.
Agree with this. Have a buddy at UBS who told me while MF is rare, they send a few to UMM PE every year. This makes me think you could get at least an interview at 1-2 MF, which is prob more than you'll get from Top MM.
Don't do RE just becuase you can exit to a MF. That is an awful idea and so horribly misguided in terms of following your personal interests it's astounding you would suggest it. Sad that you would go into an industry you know nothing about just to hit that MF prestige status.
Agree. Going to RE to have a better chance at MF is a horrible idea
One might even argue that an even faster way to get that megafund brand is join HR, or heck why not be a janitor there
Lol you don't even need to work at UBS RELL group to get into Carlyle's real estate team. They hire some REIB analysts but a lot come from either other REPE shops/owner-operators/brokerage. Quite a few of their associates come from non-prestigious shops in the real estate world.
Thats because a big % of Carlyle’s deals are Asset level
Wouldn't really say that's the case. Apollo/Ares/Rockpoint/Northwood are all asset level shops and still hire REIB analysts and analysts from other well-known REPE shops but for some reason Carlyle hires associates from shops most people wouldn't recognize. Not to say that's bad, I guess Carlyle real estate just doesnt put as much importance on pedigree.
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