Chicago Exit Ops
I am currently in the interview process in Chicago with several banks, with a few offers on the table. The banks are 'elite' boutiques, regional BBs, and multiple upper MM firms. I really like one of the upper MMs (Baird/Blair), but want to know how that will affect my opportunities two and three years down the road.
How difficult is it to make a jump from a Baird/Blair to an upper MM PE firm inside, or outside, of the Chicago area. Also, I hate ranking firms, but which Chicago bank generally allows for the best exits for analysts. Aiming upper MM PE, not aiming for a mega fund.
bumpity bump bump bump
i have no idea whatsoever but I'm in a very similar situation
Baird and Blair Chicago both have a very strong reputation with MM PE funds. Analysts in the past have gone to MDP and GTCR, both upper MM funds in Chicago, as well as many other $1bn+ funds (Genstar, FFL, Summit, TA Associates, and Riverside to name a few).
Obviously, GS, CS, MS, and the other Chicago EB/BB's have great placement as well, albeit more regionally focused too.
Making it to an upper MM fund in NYC/SF/LA/Boston would be more of an uphill battle, but not entirely out of the question.
Thanks, much appreciated!
Do you happen to know of other names of PE firms that Baird/Blair analysts have gone to? I did a lot of searching but didn't turn much up in the way of concrete examples. Not that I don't believe you, as that's what I tend to hear, just bored and curious now that I've accepted my MM IB SA offer.
Did you look at the names that he did provide? There are lots of examples of ex-Blair/Baird analysts on those websites. If you're looking for additional names, just look at the websites of MM PE firms in Chicago, and you should find plenty.
Saying that Baird or Blair has placed into MDCP or GTCR may be technically true, but it's worth clarifying that this is the rare exception and certainly not the rule. The other names you listed are solid though, and some of them very consistently take kids from Blair / Baird.
Any info on Citi's Chicago office and analyst placement?
Exit Opportunities from Chicago banks (Originally Posted: 01/09/2007)
How are exit opportunities from the Chicago investment banks? Specifically from Goldman Sachs, CS, UBS, Lehman Brothers and JP Morgan?
Which bank should I go to for the best exit opportunities?
Anyone have first hand information?
TIA.
Doesn't matter by the location. Only group and company.
No one ever says, "Oh you did IB with Goldman in Chicago, so I think I'll go with someone who was with JP in NY..." IB at a BB anywhere, is still IB across the board. (but everyone wants to be in NY)
Goldman's coming off a banner year, so they've got the street buzzing. They're certainly in the limelight for now...
This is completely wrong, lol. Actually, someone would say "Oh you did IB with Goldman in Chicago, so I think I'll go with someone who was with JP in NY..." (all else equal) since JPM NY is a better experience (deal flow wise, prestige wise, etc.) than Goldman Chicago.
Deal flow and group reputation matters a LOT for private equity recruiting. If you are in a group that doesn't execute in Chicago then you won't place well.
Think about how Goldman NY TMT places into all the tier 1 shops, however, GS LA TMT can't place at all. UBS Los Angeles places very well, but UBS Toronto doesn't really place.
I have heard that group matters.
So which groups in Chicago have the best exit opportunities? I read here that UBS LA, etc all place into excellent PE shops, but how do Chicago offices place into these excellent shops?
Anybody know someone who went to a top-level PE shop from a Chicago office?
TIA.
sent someone to MDP this past year.
CS/UBS provide the best overall exit opps in Chicago. Heard of a LB analyst going to KKR recently, but don't know if there's any truth to that--LB doesn't place all that well in Chicago.
you'd think they hire 85 analysts a year.
MM exit ops in Chicago (Originally Posted: 02/15/2009)
Does anyone have first hand experience or know someone who does have first hand experience of the exit opportunities (specifically p/e) and business school entrance ops coming from a top middle market bank in Chicago (think william blair, baird, houlihan)? I would appreciate any informed comments regarding this topic.
There are an incredibly large number of MM PE shops located in Chicago that would be interested in someone with Chicago PE experience. A large number of analysts from my bank end up in Chicago at PE firms each year. I will say that Chicago has some sort of "Private Equity Professional Association" that makes a resume book sometime in early Spring and many PE firms use it to hire pre-MBA positions. I didn't apply to any Chicago PE firms last year so I unfortunately don't have any additional details for you, but I suspect senior professionals at your firm will be aware of it.
~~~~~~~~~~~ CompBanker
Second the previous post. Having [unsuccessfully] superdayed at one of the mentioned banks, I managed to learn that many of its analysts proceeded to work for Chicago PE firms. UChicago and NWs' business schools are right there as well.
bump bump bump it up
thoughts?
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