Best Chance for Sneaking onto Buyside?
Brief story: I tried to game the system by interning at a hedge fund rather than an IB my junior year. I was made an offer but the fund closed shop, so I kind of got screwed. I took a law firm job right out of school--none of the banks were recruiting people that hadn't already interned, at least at my school.
Basically weighing two job offers:
1) Job in ops at a well-funded tech startup
2) Operational role in commercial RE
I figure (1) might give me a chance of getting Goldman TMT post-MBA (the startup is pretty sexy). which seems to get some interested from headhunters, whereas (2) might be an avenue into real estate PE which is less institutionalized than the rest of the PE industry.
Thoughts?
So what are you doing now? Law firm job doesn't exactly describe it all that well...
At the end of the day, Ops is Ops. GS TMT is going to be virtually impossible without any type of prior banking/PE role.
Ops at a startup is fundamentally different from ops at an investment bank. If I were you, I would do the startup role - it's a great way to network, and you'll gain exposure to a lot of good, high-level work, even some financial modeling if your company wants to raise money in the future. In the end, you may even be able to cash out on some stock or join a venture capital firm.
Right now I'm doing corporate paralegal stuff at a V10. I was thinking that once I got into an MBA program I would try to do an unpaid internship at a boutique or middle market bank the summer before--I've heard of this working for people in the past.
Unless you do an MBA and get placed there as a new associate hire.
Which I believe is possible without prior banking experience, even at super-elite groups like GS TMT.
What do you want to do ? How does a tech- startup and real estate have anything to do with each other? I don't understand people like this. Stop trying to get the "best" job and think about what you actually want to do with your life. Then, work backwards from there.
Dude, Michael Burry ain't need no fancy degree to make bank. Kidding, of course.
Anyways, if you're serious about investing and willing to do the leg work you'll eventually get a shot.
@realestate101: I literally care zero about either industry in any sort of intrinsic way. I want to be an investor--I like the game. So, the question really is, which of those two puts me closer to that goal.
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