So this is somewhat of a hypothetical question, but I either have offers or am in the final stage for the following positions:
M/B/B Consulting
IBD at BB and Middle Market firms
S&T at BB in NYC
Long term career goal is to move into private equity. I have gotten the impression that MBB would be the best route for this - what are your thoughts here?
Secondly, I realize that S&T is not a feeder into P/E, but the firm I would be at has a MUCH better reputation than any of my opportunities in IBD. How much does this matter? Would having a better name on my resume significantly boost my chances of a top business school? Is working for Citi or BofA/ML right now going to be looked upon poorly?
Sorry if this seems a little scattered, I guess that would represent my thought process very well though. I realize all three of these are very different and require unique skillsets, but coming from a non-target I didn't feel like I had room to be picky... I feel very fortunate (and surprised) to actually have the chance to choose between these rather than taking the only one I was offered.
Advice is much appreciated. Thanks!
Given your goals, definitely take IBD. The reputation doesn't matter, just ask the GS/JPM back office guys if their bank reputation is landing them PE. Guess what, it DOESN'T. Go for banking and don't look back.
PS: consulting is wack
IBD even for Middle Market.
If you want to go to PE, IBD at a BB or MBB are your best options.
It would not be possible to go S&T -> PE, and given that you have BB offers, taking MM wouldn't make sense (if your sole goal is to get PE)
Out of curiousity, what gave you the idea that MBB is the "best" for PE?
I don't have any hard data for support, but just developed that idea from talking with peers. Could very well be skewed, but that's partly why I'm looking for insight. Also, the particular consulting firm has its own P/E shop which takes a number of consultants as they progress in their careers.
Well, if you go to Bain then maybe you get Bain Cap. If you go to the BB, you still have a shot at Bain Cap and you also have a chance at other private equity firms that wouldn't otherwise be an option.
If you want to do PE do banking. S&T is not really a feeder to PE.
any banking (except piper jaffray) > trading = consulting
hope that helpz
Seems so arbitrary
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