Worried about missing out on camaraderie/relationship-building going straight to MF PE
I am heading to MF PE for summer 2023. I am worried about missing out on the camaraderie/relationship-building that goes on in banking among analyst classes. My firm does have a few more summer analysts but we are split up among groups and I am the only summer analyst in my group. I am worried that this will A) make my job less enjoyable and bearable (although I did enjoy the conversations I had with associates and VPs during my process) and B) It will harm my future network as I won't have a group of similarly-aged people I am super close to. The median age in my group is most likely much higher than the median age in banking and I'm worried about missing out on that traditional finance culture and feel. Then again... banking is something most people would rather skip/avoid. I am looking for feedback and thoughts on this conundrum.
Non-issue, touch grass
Pretty valid concern. I made some great friends from my time in banking, some ended up becoming my closest friends. Have a few mentors who were in the same banking class as now very very senior people in the industry, and they still remain quite close.
MFPE is just a little more professional and all business. Sure you make some friends/contact there too, but it’s not the same.
That said, if that’s your only hang-up about this path, I don’t think it’s big enough of a deal to change the answer.
If I have the other typical hang-ups, optionality, sucking at my job with no safety net, etc. would you just recommend going to banking instead? I am just worried because I feel like I somewhat lucked into my role and am worried if I would be able to get the role (or a role of similar difficulty in attainability) I have now, even coming from Evercore, PJT, or whatnot.
I wouldn't discount the optionality post MF PE. It's probably very similar to IB at a corporate level - I'd even argue an ex-PE guy would probably get more flexibility with strategy/bus dev vs. an ex-banker jumping to corporate.
Also it's a prestige factor, many people in business circles at corporates/fast growing startups will realize how impressive it is for you to go into MF PE w/o IB.
In that case, it sounds like you're saying that if you get a top group/bank that regularly sends people to MF PE (GS TMT/PJT RSSG-type group), it's better to follow the 2+2 path instead of jumping straight to PE unless you want to leave PE early (maybe for HFs). Would that be fair to say or not?
You are splitting hairs here. You will still make friends at your MF PE (try to organize intern happy hours or something to get to know people) and the prestige is a wash. Yeah, you have a lot of camaraderie in banking but it's also the worst 2 years of most people's career, and they will be absolutely fighting over MF PE opportunities come the absolute shitshow of oncycle while you're already grandfathered in.
In either case, SA 2023 is done so enjoy your junior year and don't agonize over very small things like this.
Ea maxime dolore ex porro architecto dolores et. Optio sequi at maxime voluptas enim modi ut. Cum necessitatibus dolorum et et earum necessitatibus repudiandae.
Ipsam odio nemo quae occaecati adipisci suscipit. Placeat minima minus reprehenderit fuga sunt aliquam provident. Repellat voluptatibus quis voluptatem porro iure repellat. Nihil quis assumenda quo magni. Harum commodi aut quam quia tenetur. Itaque atque nulla explicabo et.
Sequi repellat quam iure voluptate inventore sequi est similique. Vitae non recusandae reiciendis ipsam voluptas ut et.
Est natus molestiae ut. Atque minima amet cupiditate. Eos perferendis est et sed adipisci qui fugiat et. Totam qui expedita illo inventore animi quae.
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...