So I have the option to start at at Tier 2 BB (BARC/CS/Citi) in London. But I also have an offer to start at two PE funds in continental Europe (West/North-Europe). The first one has an AUM of around €800m, is situated in a nice city and is a traditional PE fund. The second one has an AUM of around €15bn, is situated in a second tier city and operates as a family office with no investment horizon (and allows some outside capital). I liked both teams (around 15 investment people), with about 5 juniors (age <30) at each place.
Even though I would like to end up in PE, I am not sure if it is the right place to start. Both firms invest mostly nationally and I would like some international experience as well. Next, the amount of juniors is quite low. I know in IBD life is hars, but you make friends for life. I am not sure I would go drinking with these teams (60% are seniors go to their wive and kids). Furthermore, I have the idea that starting in PE would really limit your options afterwards.
I feel like I should start in IBD in London and go to PE from there, but happy to hear opinions.