Private Equity Interview Course

  • 2,447 questions - 203 PE funds. Crowdsourced from 750k+ members
  • 9 Detailed LBO Modeling Tests and 15+ hours of video solutions.
  • Trusted by over 1,000 aspiring private equity professionals just like you.

Comments (12)

Apr 20, 2021 - 8:56am

Honestly, this is a really tough decision and depends entirely on the MF/EB. If you feel comfortable sharing I think that's help us weigh in (e.g. Evercore vs EQT Infra is a different conversation from Blackstone Infra vs Moelis, at least from a name brand perspective).

Gut says choose the EB if really not interested in infra, tons of great funds out there that you can interview for down the line that might be more interesting, if not a MF

Apr 21, 2021 - 9:34am

Well congrats that's amazing!

Depends how set you are on transitioning away from infra, but I'd probably take the EB. I don't think you're necessarily pigeonholing yourself in Infra but I think you'll have a broader set of options coming from an EB.

A simple way I'd think about it is if there's a ~50% chance you'd consider staying in that infra fund, then you should take it because you won't have to switch jobs 2 years in, higher chance of making your career there, MF brand, etc. Anything less (so >50% chance you'd want to switch) give yourself the gift of optionality. Good luck!

  • Associate 1 in PE - LBOs
Apr 21, 2021 - 1:55pm

IMO you're overthinking this. Are you excited by infrastructure investing and want to make a career in that space? Then go to the MF infra fund. Are you unsure about whether you want to be in infrastructure? Then choose the bank, which will provide you with optionality. 

Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
  • Analyst 1 in IB - Treas
Apr 21, 2021 - 2:42pm

Congrats on doing so well! I'd go with the EB. It'll give you way more options, and time to think about what area excites you. Also a great brand to have on your resume throughout the career.

Most Helpful
  • Associate 1 in IB - Cov
Apr 22, 2021 - 12:18am

Am in infra myself and have to tell you that infra is getting wider and wider in terms of return thresholds and what is invest-able. Can tell you that KKR/BX > Apollo Infra for one. It's close. If it wasn't EVR/CTR but anything else I would say take MF for the name alone.

If you're a standard college grad with no idea what to do, I would probably choose the EB brand for more optionality and also because it will open up doors to other domains like credit, TMT, etc. Also if you want to do VC / start-upy stuff afterward, it will be much easier doing that from and EB than MF infra. However, if it turns out you want to do infra, the P&U teams are pretty non-existent at both banks and would say Lazard gets the bulk of the EB mandates (Citi/Barclays/BAML are the gold standard for BBs and then you have other shops like Macquarie, RBC and Nomura Greentech that do well too); hence, if you at all have a moderately strong inclination toward infra (>60% likelihood it would be your #1 exit opp down the road) go for the MF now.

Apr 25, 2021 - 9:51pm

In regards to the P&U teams at BBs, would you say that is a better avenue to go for than project finance at those respective leaders (Japanese and French banks, etc.) if one's goal is infra PE, either at a MF/niche PE firm, or even infra at a pension fund?

Quant (ˈkwänt) n: An expert, someone who knows more and more about less and less until they know everything about nothing.

  • Associate 1 in IB - Cov
Apr 26, 2021 - 3:49am

I don't think the Project Finance teams at the foreign banks get great looks for buy-side. Would go for P&U teams at BBs by far. 

Apr 26, 2021 - 5:22pm

Good to note. Is there a reason as to why you think that is? Generally curious as I've thought about it but don't know much about the industry overall.

Quant (ˈkwänt) n: An expert, someone who knows more and more about less and less until they know everything about nothing.

  • Associate 1 in IB - Cov
Apr 26, 2021 - 6:50pm

Illo debitis sed perspiciatis enim. Eos aut nulla tenetur. Earum omnis at aut quam.

Id accusamus tenetur sit fugiat sit commodi rem. Fugit qui cupiditate voluptas molestias. Quia voluptatum qui fugit omnis cum necessitatibus voluptatem. Quos consectetur provident rem aut numquam et nihil officia.

Dicta sunt vero molestiae impedit aspernatur. Provident iure hic voluptas iste.

Start Discussion

Total Avg Compensation

November 2021 Private Equity

  • Principal (8) $676
  • Director/MD (18) $575
  • Vice President (70) $361
  • 3rd+ Year Associate (70) $270
  • 2nd Year Associate (143) $252
  • 1st Year Associate (292) $219
  • 3rd+ Year Analyst (26) $159
  • 2nd Year Analyst (63) $134
  • 1st Year Analyst (189) $118
  • Intern/Summer Associate (21) $67
  • Intern/Summer Analyst (224) $59