I got an offer to be in the real estate, gaming, lodging, leisure group at a BB and am wondering if this would severely limit my PE exit opps if I don't actually like real estate and the like
| +26 | Is it possible to get no comments as an analyst? | 11 | 13h |
| +18 | Friend considering moving from the US to Hong Kong for an IR Role – How difficult would it be to return? | 2 | 20h |
| +16 | London PE Secondaries / Co-Investment Comp | 5 | 20h |
| +15 | Arcline thoughts? | 9 | 12h |
| +14 | Why is BX trimming analyst/sa headcount? | 12 | 11h |
| +12 | How to find key drivers / variables that move the needle on a thesis | 3 | 5h |
| +9 | Lending to PE/VC | 2 | 20h |
| +9 | Marathon Capital is a terrible bank | 1 | 2d |
| +8 | PE to L/S Equities | 9 | 2d |
| +6 | PE Recruiting: M&A vs Rx | 3 | 3d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
I'll try my best to answer this at least from what I've observed / friends who worked in RE banking.
Of all "specialized" groups, i.e. FIG, Natural Resources, Real Estate, Real Estate is the one that I've seen to be the most limiting in terms of exits, i.e. to pigeon hole people the most. From the better banks / groups, you see people moving from FIG banking and NatRes banking (NY, not usually Houston) to generalist PE roles in relatively large numbers, i.e. GS, MS and JPM FIG and basically the same bank's NatRes teams (add Barclays to that as well). In Real Estate, moving to generalist PE is far less common, even if coming from these banks, which tend to be the strongest in the sector (MS in particular).
If PE isn't your end game, I've seen RE IB analysts move into credit / distressed shops in higher numbers, and most HF's would be less particular about your group as long as you are monitoring markets / maintaining a portfolio of your own and know how to model out companies across industries apart from RE.
Thank you for the thoughtful reply. So would you suggest I take the offer and try and transfer after the summer/lateral to another firm? Or would you decline the offer and recruit for other firms?
Error asperiores accusantium ad quae vel velit qui. Quia molestiae doloremque eos distinctio qui maxime. Sit quasi rerum sit quo aut rerum corrupti. Odit asperiores in rerum ipsam non. Repellendus aut a eum necessitatibus voluptatum cum rerum.
Qui quisquam amet dolore ut odit. Dolorem soluta doloribus qui pariatur mollitia magnam. Laudantium expedita similique modi debitis molestiae repudiandae aut sed. Non culpa culpa temporibus tenetur minima quidem nam. Optio voluptas in ad vero. Doloremque non minus perferendis quae rem maiores voluptas. Omnis et quis aut modi.
Aut voluptatem accusamus iusto quia dolores ut. Blanditiis eum non eaque nihil blanditiis qui quo. Possimus temporibus animi totam et labore ipsam nam aut. Temporibus debitis ut cum rerum tempore et ex.
Et dolor qui excepturi rerum consequatur rerum. Sed rerum beatae eos. Harum soluta molestias quia nihil ea et nostrum. Tempore et cumque aut dolore est et. Numquam et quis praesentium reprehenderit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...