BAML HK IBD vs CPP IB Private Investments exit opportunities

monkeybegin's picture
Rank: Monkey | banana points 44

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

Comments (12)

Jan 23, 2010

interested in baml HK IBD as well.

Jan 23, 2010

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.

Jan 30, 2011
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?

Jan 24, 2010

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..

Jan 24, 2010

I don't think ibhopeful knows what hes talking about.

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Jan 23, 2010
God:

I don't think ibhopeful knows what hes talking about.

Says a prospective monkey. Go work in HK BB and then come back and tell me I don't know what I'm talking about.

Jan 24, 2010

Hard to give an informed opinion when you only know 1/2 of the equation (you clearly don't know anything about CPPIB...not doubting your knowledge on HK IBD).

Jan 24, 2010

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.

    • 1
Jun 18, 2018

Who cares about understanding the roles of advisors seriously. If you have the chance to start directly as an investor, you don't need to work 2 years in IBD, 2 years in consulting and 2 years as a lawyer to understand what your job is about!

Jun 18, 2018

Top PE shops don't have the time and just do not want to pay for the training you are provided in your early years as an IBD analyst that's it.

Jan 24, 2010

Problem is I never saw any good exit opportunities from people who worked at CPPIB PE. However I saw many people who worked at BB or top MCs going back to CPPIB PE.

How's the exit opportunities for BAML IBD HK office? any cases?

Jan 30, 2011
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