Exit Opps into PE from RBC
Hey guys,
So I will be doing RBC IB in NY after graduation, and I'd like to do PE after banking ideally. So which groups at RBC have the best exit opps into PE? Not megafunds, but maybe upper middle market PE?
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Healthcare has been doing quite well recently
Thanks, do you know if M&A and LevFin place well into PE as well?
Simply by the nature of sub groups they should. If RBC's teams are strong enough to place well I can't tell, but that usually just means you need to be more proactive to get interviews.
Transfer to Canada and work for Teachers...
Anyone else have additional insight on how well RBC places?
Within Canada they place very well, I've seen everything from top EBs, Canadian pension fund private equity groups (as previously mentioned) and the gamut of private equity (Onex and Birch Hill notably doing American PE style recruiting picking up M&A analysts within their first 6 months).
As for the US, I have less data, but I've seen quite a few go off to solid industry specific HFs and PE shops (think Magnetar, ECP etc.)
Cool, do you know if these kids just worked through the regular process (being contacted by headhunters 6 months in, etc.) or if they did anything else that helped land these opps?
RBC does not place well at all in the US. Look at top MF or MM firms and you won't see many RBC guys. I haven't run into many, that's for sure.
Since I'm an incoming analyst and really looking to maximize my chances of placing into PE (targeting good MM funds, not MF at all), do you have any recommendations on what I could do?
Honestly, the best bet is to work hard for a year and lateral ASAP to a better bank. This is common and will help you get better opportunities.
Is this lateral common to pull off if you are coming from a MM background and trying to lateral into a BB or EB? Assume you know your stuff and work hard. How should I prepare now if I want to pull it off one year from now? I am now an incoming IB analyst and should I start to check back with my contacts after one year or 8-9 months on the job??
Thank you!
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