End goal HF. Do I shop BB offer?
Please respond here: End goal HF, already at decent BB. Do I shop offer?
Will hand out SBs for good responses.
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No, switching between BB's only has (marginal) benefits for PE, and HF's are not as obsessed about pedigree as many PE firms are, so there's minimal benefit. The exception is if you're trying to switch coverage groups to position for an industry-specific HF, but I get the feeling that's not the case here.
Congrats on the offer. Enjoy senior year.
whoever threw monkey shit at this guy should know that this BSD has 20 years of industry experience and regularly dines with other BSDs at city lobster and steak
End goal HF, already at decent BB. Do I shop offer? (Originally Posted: 08/11/2014)
Background: I currently have a Baml/Citi/CS/DB IB offer for next year, generalist. Expires within month or two. I get along with the firms culture. Also for context, I don't care about PE or firms like BlackRock, Fidelity, PIMCO. Following the 2 year and out model. Resume is strong.
End goal is to be at a HF (open to all types, crosscap, l/s, distressed) or an elite Asset Management firm. For what I'm looking for, is it worth my time to try and get a GS, MS, JPM offer? Or elite boutique: Moelis, Greenhill, Lazard, Centerview, Rothschild?
I'm trying to avoid a sweatshop but at the same time get a group for good positioning. Could care less about # of deals and so-called experience. More down-time would be appreciated which could be spent learning how to actually invest. If I can't go without one or the other, then just recommend where you think would be best for future placement. I'm industry agnostic (anything but real-estate), interested in all companies.
Any and all advice appreciated. Insights into which groups (for BBs) and companies (EB) are sweatshops and which place best are what I'm looking for. (i believe TMT and hc are mostly sweatshops)
Will shower SB's from my main account for useful answers. If you want to PM I will give double the SBs.
you know there's some kickass groups within BlackRock, Fidelity, and PIMCO, right? Not sure how you can automatically cut those firms out and still mention "elite AM" as a goal.
I'd say equity research is your best bet.
You learn how to invest AND you have constant contact with hedge funds making it easier to make the shift.
ER guy here. If your goal is to learn investing, IBD isn't the place. You'll get solid exp for sure, but you're in the business of deals whereas ER is focused on bottom up analysis and development of investment theses. Having said that, IBD from a BB will position you just fine for a HF for most purposes. My nutshell recommendation would be to somehow stay on top of the markets and maybe invest some play money. Real money would be better, but as a banker, you'll have lotsa restrictions and probably no time to really dig into a company to risk real money. Besides, I don't think a HF would expect an analyst of two years to have 500k of investable assets and a 30% performance track record. The play money performance will demonstrate interest in the markets.
At work so won't go into more depth. PM me if you want a follow up or more developed answer.
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