BAML HK IBD vs CPP IB Private Investments exit opportunities

Hi,

I'm interested in getting into one of the mega PE shops such as Blackstone, KKR,TPG, etc later in my career.
However I was wondering about how valuable summer internships among BAML HK IBD and Canada Pension Plan Investment Board Private Investments will be in terms of getting full time offer later in large PE shops.

Brand name VS practical experience in PE in pension plan

Does anyone have opinions regarding this decision?

Thanks

 

Traditional route into PE is IBD. Besides PE, consulting and senior industry executives can also place PE.

In this case, I would choose BAML HK IBD. With that said, BAML HK IBD is really struggling recently. Margaret Ren, head of their china coverage just left for BNP Paribas, and their APAC head of M&A also left recently. Lots of attrition at senior levels...

keep in mind BAML office in HK is virtually all legacy Merrill players.

 
ibhopeful532:
Traditional route into PE is IBD. Besides PE, consulting and senior industry executives can also place PE.

In this case, I would choose BAML HK IBD. With that said, BAML HK IBD is really struggling recently. Margaret Ren, head of their china coverage just left for BNP Paribas, and their APAC head of M&A also left recently. Lots of attrition at senior levels...

keep in mind BAML office in HK is virtually all legacy Merrill players.

Do you have any idea about BAML HK IBD's conversion rate last year?

 

Thank you, ibhopeful532,

However if you get practical experience through rotational program among Funds&Secondaries, Principal Investments, Infrastructure and Private debts area during your summer, will that be more helpful to get into bigger private equity firms? especially if you get 5 to 6 transaction experience during the summer even though you cannot close the deals..

I'm just really curious..

 

IBD hands down. The top PE shops want to see that you understand the sell side role of an analyst before you go to the buyside. Some firms won't even look at you if you don't have IBD experience. CPPIB is a good Canadian firm that's had lots of growth recently, but their summer program is still young and I doubt you will get to achieve the same experience you'd get working in IBD. BAML HK IBD is still strong and senior attrition won't be a big problem going into a 4month summer position.

If you want full time PE, go with the brand. Most of the skills in IBD will be transferable to a top PE firm.

 
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