FOF or Pension?

Hey guys, I am graduated from a non-target, worked 2-3 relevant internships, I have two competing offers on the table. I hope to transition to a direct PE or VC role later down the line.

  1. Pension system analyst, alternative Asset Management. A generalist role, covering everything from VC to HFs. Starts immediately.

  2. FoF analyst. Reputable FoF that does some direct co-investment deals. FoF would like to start me Q1 of 2013.

Pension's pay is slightly higher but it's in the middle of no where.

Any thoughts?

 

Ugh, you've got a rough road to hoe. I'm guessing you're trying to do FOF -> Big 4 Valuation -> IB -> B School to PE. That's the only way I see it. With every thing as competitive as it is today, unless you start on "the path", it's very difficult to get IB let alone PE.

To be honest neither of these roles really give you any worthwhile experience to carry over to PE. However I guess the FOF would be better since the pension fund you'll just be meeting with managers all day.

 
FutureBanker09:
Ugh, you've got a rough road to hoe. I'm guessing you're trying to do FOF -> Big 4 Valuation -> IB -> B School to PE. That's the only way I see it. With every thing as competitive as it is today, unless you start on "the path", it's very difficult to get IB let alone PE.

To be honest neither of these roles really give you any worthwhile experience to carry over to PE. However I guess the FOF would be better since the pension fund you'll just be meeting with managers all day.

You are an idiot FutureBanker09. That's probably why your user name is Future Banker and you are a first year analyst at some shitty bank and will likely be fired in the next ~12 months because the banking industry has collapsed.

"I hope to transition to a direct PE or VC role later down the line." Did you not learn how to read when you memorized "Vault Career Guide to Investment Banking...."

So to address one of your statements even though its hard for me to chose where to start, I will begin with "the path." The path, or more precisely known to the banker type douchebags as the journey to success is no longer viable for a successful career in PE or VC. The most successful in PE or VC don't always come from corporate finance and if they do its because that was the old way to success, aka "the path" you speak of.

The new normal for "the path" will likely be from consulting to B-school to operating rolls to managing $$. Are you that ignorant to believe that banking is still the way to successful careers. Consulting and banking are polar opposites for a reason you peckerhead. If one collapses the other thrives, and you have the peckerheads trying to hang on to the past, "the path" and believe that the only way to success is how the big swinging dicks of wallstreet got there.

As for you @lostintranslation. You are going to have to go with your instinct. You are shouldn't follow "the path" because if you work not only hard enough but well enough to be the best at everything you do, you will reach your ideal position and take away a whole lot more of experience then the typical futurebanker peckerhead types. You should learn everything you can and capitalize on all unique opportunities.

As for you @futurebanker09. Keep paving the path for a bunch of corporate burnouts so that I can shit on you and your firms peckerheads when I meet you at the beauty contest down the road.

 
Bohlen ben:
FutureBanker09:
Ugh, you've got a rough road to hoe. I'm guessing you're trying to do FOF -> Big 4 Valuation -> IB -> B School to PE. That's the only way I see it. With every thing as competitive as it is today, unless you start on "the path", it's very difficult to get IB let alone PE.

To be honest neither of these roles really give you any worthwhile experience to carry over to PE. However I guess the FOF would be better since the pension fund you'll just be meeting with managers all day.

You are an idiot FutureBanker09. That's probably why your user name is Future Banker and you are a first year analyst at some shitty bank and will likely be fired in the next ~12 months because the banking industry has collapsed.

"I hope to transition to a direct PE or VC role later down the line." Did you not learn how to read when you memorized "Vault Career Guide to Investment Banking...."

So to address one of your statements even though its hard for me to chose where to start, I will begin with "the path." The path, or more precisely known to the banker type douchebags as the journey to success is no longer viable for a successful career in PE or VC. The most successful in PE or VC don't always come from corporate finance and if they do its because that was the old way to success, aka "the path" you speak of.

The new normal for "the path" will likely be from consulting to B-school to operating rolls to managing $$. Are you that ignorant to believe that banking is still the way to successful careers. Consulting and banking are polar opposites for a reason you peckerhead. If one collapses the other thrives, and you have the peckerheads trying to hang on to the past, "the path" and believe that the only way to success is how the big swinging dicks of wallstreet got there.

As for you @lostintranslation. You are going to have to go with your instinct. You are shouldn't follow "the path" because if you work not only hard enough but well enough to be the best at everything you do, you will reach your ideal position and take away a whole lot more of experience then the typical futurebanker peckerhead types. You should learn everything you can and capitalize on all unique opportunities.

As for you @futurebanker09. Keep paving the path for a bunch of corporate burnouts so that I can shit on you and your firms peckerheads when I meet you at the beauty contest down the road.

Can't tell if serious, or just an angry troll...

 
SanityCheck:
Looks like someone who just made an account because his feathers were ruffled. I don't necessarily agree with how FutureBanker wrote his post but his main points are correct, none of these positions will make it easy to move to IBD or direct PE but anything is possible.

False. I have been actively monitoring posts for a year plus.

And False. These positions can easily be tailored to be attractive for PE or IBD. Its all about tailoring your background and experiences to make your story sell, aka why and how will you add value.

And Finally False. The desired move is seems to be to "direct PE or VC role." Again the ability to read will serve you well in life, you should try it. Do you not see the value of screening thousands of VC Funds, PE Funds, Hedge Fund's, ETC? Of having thousands of meetings with the best/worst managers in the world? The value of this is astronomical, the value of a vast network of managers. Why is it so hard to break into banking? Because people don't understand the importance of "who you know." That's only one of the qualities that will result in either of the listed positions, not to mention the analytic tools that will be learned.

 
Best Response
Bohlen ben:
SanityCheck:
Looks like someone who just made an account because his feathers were ruffled. I don't necessarily agree with how FutureBanker wrote his post but his main points are correct, none of these positions will make it easy to move to IBD or direct PE but anything is possible.

False. I have been actively monitoring posts for a year plus.

And False. These positions can easily be tailored to be attractive for PE or IBD. Its all about tailoring your background and experiences to make your story sell, aka why and how will you add value.

And Finally False. The desired move is seems to be to "direct PE or VC role." Again the ability to read will serve you well in life, you should try it. Do you not see the value of screening thousands of VC Funds, PE Funds, Hedge Fund's, ETC? Of having thousands of meetings with the best/worst managers in the world? The value of this is astronomical, the value of a vast network of managers. Why is it so hard to break into banking? Because people don't understand the importance of "who you know." That's only one of the qualities that will result in either of the listed positions, not to mention the analytic tools that will be learned.

Just a question, but are you in the industry? What makes you so sure that your answer is the correct and only answer available? You have given no credentials to back up your assertions. Granted, neither has SanityCheck (in this post), but he's not the one telling everyone they're wrong.

 
Bohlen ben:
SanityCheck:
Looks like someone who just made an account because his feathers were ruffled. I don't necessarily agree with how FutureBanker wrote his post but his main points are correct, none of these positions will make it easy to move to IBD or direct PE but anything is possible.

False. I have been actively monitoring posts for a year plus.

And False. These positions can easily be tailored to be attractive for PE or IBD. Its all about tailoring your background and experiences to make your story sell, aka why and how will you add value.

And Finally False. The desired move is seems to be to "direct PE or VC role." Again the ability to read will serve you well in life, you should try it. Do you not see the value of screening thousands of VC Funds, PE Funds, Hedge Fund's, ETC? Of having thousands of meetings with the best/worst managers in the world? The value of this is astronomical, the value of a vast network of managers. Why is it so hard to break into banking? Because people don't understand the importance of "who you know." That's only one of the qualities that will result in either of the listed positions, not to mention the analytic tools that will be learned.

You seem to type a lot without saying anything substantial. I feel like I'm reading a Tony Robbins inspirational speech ceremony.

Anyways, I work in private equity, did 2 years in BB IBD and it's hard for headhunters to push your resume through when you don't have the relevant experiences on your resume. Even I had a hard time because my BB is mid-rank and not Goldman or Morgan Stanley.

You seem to be saying that it's all about "who you know". Well in that case, if the OP knows Lloyd personally then he should have no problem with getting IBD interviews to begin with.

For the rest of us commoners though, headhunters are the gatekeepers and they tend to be very picky, especially in these markets.

 

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