GS IBD to Blackstone R&R

bankingboy12's picture
Rank: Chimp | 13

Hey all. I am starting at GS IBD next week at one of the top groups as a FT analyst. While I am really happy about this, I do feel that restructuring is really interesting and would love to do that at Blackstone. I don't know anyone at Blackstone, however. Would it be possible to switch from GS to Blackstone within a year? Don't want to spend more than a year at GS if possible. If so, how would I go about doing this?

Comments (18)

Jul 12, 2013

Once you go Goldman.. you don't go back

'Before you enter... be willing to pay the price'

Jul 12, 2013

GS or go home, son.

Jul 12, 2013

It's generally best to spend at least 1.5 years at a given role. To answer your first question I would need to know what the IBD group is in which you work. If it's municipal finance the answer is probably no. If it's M&A your odds are much better.

"He that hath a beard is more than a youth, and he that hath no beard is less than a man." -- William Shakespeare, Much Ado About Nothing

Jul 12, 2013

GS all the way man. 2 years then HWS Bschool and you're set for life!

Jul 12, 2013

BX has a well known 2 and out culture and hire almost zero laterals (i say 'almost' because i'm sure someone somewhere made it happen, but i personally know / know of nobody who made the jump there) so this will be extraordinarily difficult. wouldn't worry or try to make moves - chances are there is an opportunity at GS you'll be interested in that you can go to after 2 years through their mobility program.

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Jul 12, 2013

How long have you had this interest? This isn't some flaky thing that you're going to change your mind on in a month is it?

Jul 13, 2013

Why not just spend 2 yrs at GS and join a distressed hedge fund if restructuring interests you?

Best Response
Jul 13, 2013

By "top group" wtf do you mean? Listen you self-important little cock gobbler, do you know what the big, wide world of finance thinks of your "top group" at Goldman IBD. They don't give a shit. Best case scenario they think you're a bunch of punk ass little bitch salesmen that you throw a bone to every once in a while when you need some leverage.

So look, I don't know what tho "top group" is, but if you're not in the restructuring group, there's a lot of overlap between restructuring and lev fun, so you could target that group. If you want to play in restructuring, you're going to have to actually read the bond indentures and other shit you're writing unlike most coverage guys. You're going to have to learn about the products in depth.

But dude - you don't know the first thing about what you want to do. You don't even know what the various markets look like. Do yourself a favor and focus on learning from the people that want to teach you.

You might think restructuring sounds cool. But you'll never get to where you want to be if you decide you're too good for your mentors.

Nobody cares about your half thought out "goals,"

    • 2
Jul 13, 2013

You are funny. Strangely angry for no reason and make a lot of assumptions, but funny. Let me comment on a couple of things:

1) If you don't know what the top couple groups at GS are, you are not knowledgable enough to answer my question (as is shown by the fact that you thought GS has a restructuring group...). Thanks for playing.

2) I don't know the first thing about what I want to do? Wtf? Where did you get that? Ridiculous.

3) I don't know what the markets look like? Look at 2.

4) I think I am too good for my mentors? Wtf again? I am in fact quite confident from my internship last summer that they are very capable. Once again, you make some sort of ridiculous assumptions.

    • 1
Jul 13, 2013
NYCbandar:

By "top group" wtf do you mean? Listen you self-important little cock gobbler, do you know what the big, wide world of finance thinks of your "top group" at Goldman IBD. They don't give a shit. Best case scenario they think you're a bunch of punk ass little bitch salesmen that you throw a bone to every once in a while when you need some leverage.

So look, I don't know what tho "top group" is, but if you're not in the restructuring group, there's a lot of overlap between restructuring and lev fun, so you could target that group. If you want to play in restructuring, you're going to have to actually read the bond indentures and other shit you're writing unlike most coverage guys. You're going to have to learn about the products in depth.

But dude - you don't know the first thing about what you want to do. You don't even know what the various markets look like. Do yourself a favor and focus on learning from the people that want to teach you.

You might think restructuring sounds cool. But you'll never get to where you want to be if you decide you're too good for your mentors.

Nobody cares about your half thought out "goals,"

phenomenal

Jul 13, 2013
NYCbandar:

By "top group" wtf do you mean? Listen you self-important little cock gobbler, do you know what the big, wide world of finance thinks of your "top group" at Goldman IBD. They don't give a shit. Best case scenario they think you're a bunch of punk ass little bitch salesmen that you throw a bone to every once in a while when you need some leverage.

So look, I don't know what tho "top group" is, but if you're not in the restructuring group, there's a lot of overlap between restructuring and lev fun, so you could target that group. If you want to play in restructuring, you're going to have to actually read the bond indentures and other shit you're writing unlike most coverage guys. You're going to have to learn about the products in depth.

But dude - you don't know the first thing about what you want to do. You don't even know what the various markets look like. Do yourself a favor and focus on learning from the people that want to teach you.

You might think restructuring sounds cool. But you'll never get to where you want to be if you decide you're too good for your mentors.

Nobody cares about your half thought out "goals,"

+1 SB

Jul 13, 2013
NYCbandar:

By "top group" wtf do you mean? Listen you self-important little cock gobbler, do you know what the big, wide world of finance thinks of your "top group" at Goldman IBD. They don't give a shit. Best case scenario they think you're a bunch of punk ass little bitch salesmen that you throw a bone to every once in a while when you need some leverage.

LOL

Jul 13, 2013
bankingboy12:

You are funny. Strangely angry for no reason and make a lot of assumptions, but funny. Let me comment on a couple of things:

1) If you don't know what the top couple groups at GS are, you are not knowledgable enough to answer my question (as is shown by the fact that you thought GS has a restructuring group...). Thanks for playing.

2) I don't know the first thing about what I want to do? Wtf? Where did you get that? Ridiculous.

3) I don't know what the markets look like? Look at 2.

4) I think I am too good for my mentors? Wtf again? I am in fact quite confident from my internship last summer that they are very capable. Once again, you make some sort of ridiculous assumptions.

you sound like a faggot

    • 2
Jul 13, 2013
bankingboy12:

You are funny. Strangely angry for no reason and make a lot of assumptions, but funny. Let me comment on a couple of things:

1) If you don't know what the top couple groups at GS are, you are not knowledgable enough to answer my question (as is shown by the fact that you thought GS has a restructuring group...). Thanks for playing.

2) I don't know the first thing about what I want to do? Wtf? Where did you get that? Ridiculous.

3) I don't know what the markets look like? Look at 2.

4) I think I am too good for my mentors? Wtf again? I am in fact quite confident from my internship last summer that they are very capable. Once again, you make some sort of ridiculous assumptions.

1) GS europe atleast has a restructuring team, no idea about the US
2) you havent even started FT yet, so no you dont really know what you want.

Jul 13, 2013
peinvestor2012:
NYCbandar:

By "top group" wtf do you mean? Listen you self-important little cock gobbler, do you know what the big, wide world of finance thinks of your "top group" at Goldman IBD. They don't give a shit. Best case scenario they think you're a bunch of punk ass little bitch salesmen that you throw a bone to every once in a while when you need some leverage.

So look, I don't know what tho "top group" is, but if you're not in the restructuring group, there's a lot of overlap between restructuring and lev fun, so you could target that group. If you want to play in restructuring, you're going to have to actually read the bond indentures and other shit you're writing unlike most coverage guys. You're going to have to learn about the products in depth.

But dude - you don't know the first thing about what you want to do. You don't even know what the various markets look like. Do yourself a favor and focus on learning from the people that want to teach you.

You might think restructuring sounds cool. But you'll never get to where you want to be if you decide you're too good for your mentors.

Nobody cares about your half thought out "goals,"

+1 SB

NYCbandar, you can come out of the closet now. We know that you are the straw man/sockpuppeteer.

Jul 14, 2013

There are some very angry people in this thread; I can't figure out why. This kid is exploring his options, let him. He doesn't purport to be God's gift, just expressing an inclination which he may or may not have explored properly. May he be fickle? Maybe? But frankly I don't see him being a cock about it and the tone of answers is unnecessarily rude, not funny.

I know to some of you think leaving the teat of Goldman is unthinkable, but chill.

Thinking about it, it has an smell of bullying internet big dick about it. Grow up children.

Jul 14, 2013

i don't know specifically about BX RR, but if you looking into other restructuring groups i.e. generalist elite boutiques (moelis/greenhill/centerview, etc.) and other top restructuring groups (evercore restructuring, houlihan restructuring, etc.) , I'm sure you can have a shot at lateralling. Have met quite a few people who've made the transition from worse banks than goldman.

Jul 16, 2013
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