Sep 20, 2017
top BB IBD vs special situations buy-side
Summer analyst positions. One offer in hand, one interview process ongoing; quick turnaround required for decision, so evaluating options now. Platform IBD offer, ultimate goal is something distressed. My gut is the buy-side opportunity, but I have no knowledge of the number of FT offers extended to summer analysts in that group, while I'm fairly confident of receiving a FT offer from the BB if I summer there.
Should I be lucky enough to have both offers, what should I do?
Investment Banking Interview Course
- 7,548 questions across 469 investment banks. Crowdsourced from over 500,000 members.
- Technical, behavioral, networking, case videos, templates. All included.
- Most comprehensive IB interview course in the world.
Wall Street Oasis Notifications
Please tell us a little bit more about yourself to send you the most relevant notifications
Get Notified?
Popular Content See all
- Investment Banking Resume Template - Official WSO CV ExampleAttached to the bottom of this post, you will find the Wall Street Oasis Investment Banking Resume Template for undergraduate students, used by the WSO paid service and thousands of candidates to successfully land a job in investment banking. For those of you looking to make sure your CV...
- Non-target --> FT Off-Cycle IBD AnalystSo I have been around here for about a year and half now, and have to say thank you to the community. Really learned a lot and got my foot in door based on the advice on these forums. ### The Non-Target School Now for my story, I attended a large (20,000+ students) non-target school. We...
- Is investment banking full of rich kids?It seems that to get into investment banking, you must: - apply early - have been to a target school - in order to get into the target school, excel in high school, have money and you must know which schools are targets for investment banking It seems like that in order to tick off all...
- Story time: first ever bonusHey everyone, The title is pretty self-explanatory, could any of the older guys share their feeling when their first bonus hit their checkings account? Not looking for any numbers, rather the feeling /sense of accomplishment, I'm sure at that time of your career it was something to be...
- My favorite line from analysts:Gotta love it when you ask for an analysis and this is the response, “*I didn’t check my work, but here you go*.”
- Damn these freeloading billionaires!So Warren called billionaires freeloaders because they paid around 3.2% of their total worth as tax this year while the rest paid 7.2% of their wealth. I think it is f***king stupid that he used % of total worth to say that billionaires are "Freeloaders". But I might be the one...
- Thrown out halfway through interviewHey y'all, I am just wondering if this has like happened to anyone else before. I was interviewing at a F500 the other day, and halfway through my 6 mini interviews I was interrupted by the HR head telling me the interview was done and for me to exit the building. It was pretty...
- Investment Banking in London (EMEA) - Strongest Players, League Tables, Salaries, Differences...Here is a summary of Investment Banking in London. ###Strongest Banks: In Europe, Goldman Sachs and Morgan Stanley are traditionally the strongest banks that get the most high profile transactions. They are followed by the 'Elite Twins in London' Lazard and Rothschild and the...
- Becoming a PrincipalFor many of us who are still younger on this page, it is an intended goal to become a principal. As I think it would be very helpful, for those who are principals (on the younger side): * How did you get to where you are now? * What route did you take career-wise? * What obstacles did...
- Learning Curve as 2nd Year Analyst I am currently working as an investment banking analyst at a BB and 6 months after starting the job, I feel the learning curve flattens very quickly. I don't learn much from making another pitch book and even in the live deal, I feel the work I do isn't particularly exciting. Since...
Leaderboard See all
1 | ![]() | 97.4 |
2 | ![]() | 97.2 |
3 | ![]() | 97.1 |
4 | ![]() | 96.9 |
5 | ![]() | 96.8 |
6 | ![]() | 96.8 |
7 | ![]() | 96.5 |
8 | ![]() | 96.4 |
9 | ![]() | 96.3 |
10 | ![]() | 96.3 |
Upcoming EventsSee all
- Feb09
- Feb12
- Feb14
- Feb15
- Feb20
Comments (11)
If this is something like a KKR SS or BX TO, you should take it. Sounds like thats what you want to do long term any way. If its not a big brand name, you might want to consider taking the BB since you'd have better exits to top distressed shops from the BB vs a mid-tier special situations fund
it's definitely a big brand name, my biggest reservations would be not knowing the likelihood of getting a return (and potentially trying to re-recruit while not having sell-side experience at all) and missing out on the network/honestly the social experience of having a larger analyst class vs 2-3 (if that) people in my year.
wouldn't you just be able to recruit FT for some PE or HF at that point if you have this summer experience?
Assuming it's KKR then speak to the person who was there last summer. Two years ago the interns hated it, but it's possible that it improved. If you take it and want to leave you'll be well positioned for buyside and top sellside regardless.
Know someone who summered there and didnt go back. It's under a big name but it's a relatively new group.
7,548 questions across 469 investment banks. The WSO Investment Banking Interview Prep Course has everything you'll ever need to start your career on Wall Street. Technical, Behavioral and Networking Courses + 2 Bonus Modules. Learn more.
sent you a PM
Yeah I've been in contact with 3-4 people in the group and it was one of the places I was gunning for coming into this recruiting cycle but you have to realize that their program is like 3 years old and they only hire 2-3 interns per year. I.e. it is very unstructured and you will not be getting the same formal mentorship / training that you would get at a BB. Out of MFs, I think only BX is known to have a structured analyst program.
Yeah both interns left from summer of 2016. It's not seen as desirable by most W students now because of that.
why is distressed better than special situations. Am I missing something?
They're very different. Most people find Distressed more interesting than special situations (which is very broad but a lot of times relates to merger arbitrage or similar).
1-Click to Unlock All Comments - 100% Free
Want to Vote on this Content?! No WSO Credits?
Join Us
Already a member? Login
Popular Content on WSO
Related Content on WSO