Bain SF vs. Banking

questionman11's picture
Rank: Chimp | 6

I have Bain summer offer in SF and NY summer investment banking analyst offers at Morgan Stanley and Citi. I'm completely torn and unsure what to do at this point. Obviously both skill sets are great and I will learn a lot either way.
My potential future plans are also very unclear. Have always had interest and exposure through a family member to MF PE and that is something I would consider. However, I am also very entrepreneurial and commercial (previous 2 summer jobs were at bay area startups) and could see myself going to a startup if it were a good fit and a great idea. Also interested in B-school (west coast)

Given those basic ideas, would love to hear any and all thoughts.

Comments (5)

Feb 17, 2011

If you are entrepreneurial, Bain. Why is this even a question for you?

Feb 17, 2011
ivoteforthatguy:

If you are entrepreneurial, Bain. Why is this even a question for you?

Agree. See the "Why do ppl choose megafunds over MM PE" thread to get a better idea of what PE is like. If you have any entrepreneurial ambitions, Bain will provide a much more direct path to realizing those goals. While the partners at some PE firms may take an active role in management, for the first 10 years out of college, you will not be a decision maker.

The same could be said for Bain, but at least you will be contributing to the management of the company. You will gain far more operational experience in consulting than IBD --> PE.

Edit: Also, Bain is about as good as it gets for business school placement. You would need to go to a megafund to get similar admission statistics.

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Feb 17, 2011

I agree with both those points. The reason i'm sort of inclined to go with Morgan Stanley is because I think I would like to have experience in both banking and consulting and my view is that I will probably only spend 2 years in banking after graduating, then potentially move to either b-school or go to consulting where I would likely spend a lot more time than 2 years.
1. Any thoughts on whether this is a reasonable/practical/useful path to take?
2. Does doing it in that order make sense?

Feb 17, 2011

If you want to be an entrepreneur it doesn't really matter what your background is. Note: most great entrepreneurs had neither consulting nor IB backgrounds.

If you have any interest in PE, the transition from IB is straightforward, the transition from consulting is possible but extremely tough.

IB maximizes your options at this point. Do that--if you can handle the workload for a couple of years I think you'll be better off in the long run.

Feb 21, 2011
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