Hi All,
Long time subscribing and follower. Little background about myself: M&A at bulge bracket investment bank (PUI) and lots of financial modelling on deals/ bids etc, have always been based in UK
Recently received two job offers in London (really grateful), and need help deciding
OPTION 1 - Reputable M&A firm (think BNP/ SG/ etc) - M&A Advisory (Power Utilities Infra) - Strong dealflow and team seem great - VP role paying over 100k plus bonus - hours 80-90+hrs/ week
OPTION 2 - Top 20 Real Estate PE firm (think KKR/ Cerb/ Partners/ etc) - Distressed debt team, assets backed by real estate (financial modelling focused) - Strong dealflow and team seems great - Investment associate paying over 80k plus bonus (which over heard are over 100%) - hours 80+hrs/ week
Any advice much would be much appreciated. Thank you in advance
I think it ultimately depends on what you are most interested in, which is something you didn't mention in the OP.
Thanks. Interested in eventually going buyside (infra fund or PE etc)
Challenge is the industry or RE vs PUI, as both are great roles. Just interested in knowing from people who've worked in M&A and Distressed Debt, and reflecting on their experience
Thanks
If you are not french and the bank is a french one, don't go there. Don't you get promoted to VP at your BB? Do you really want to leave your BB for a lower ranked bank?
Which would you pick of the two? Note I'm not at a IB at the moment, working for a consulting firm for PUI
Well its more up to you, but I would never recommend working at a french bank.
So avoid working at French banks for M&A for what reason exactly?
PM
Dont have the 'pm' feature. Can you pm me?
my understand is that French firms have a heavy bias for French people. They get all the promotions etc.
indeed thats one thing. Pay especially bonuses will be lower, most people not speaking french will reach a glass ceiling quite quickly due to office politics.
I wouldn't pick a French bank, unless you are French you might have issues with the culture. I am assuming the RE offer is for Cerberus, then if you like distressed investing then I would take it, as you are going to have a great experience there.
Thanks for responses. Appreciated, and useful
It's not Cerb, but in that similar category (add a few spots up/down the pere list)
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