IB vs MBB for PE?
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Date: April 23rd, 2014 11:53 AM Author: boyish blathering codepig dragon
lol
no
seriously, just no.
(http://www.autoadmit.com/thread.php?thread_id=2549871&forum_id=2#25431561)
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Date: April 23rd, 2014 12:57 PM Author: glassy doctorate
Said more clearly, those who want PE are the ones who go for IBD.
Sure there are people who choose MBB, but they aren't going to go for PE because they know thats not the trajectory consulting takes. Just like how MIT people are not going for IBD, they're probably looking for tech jobs.
I'm agreeing with you I'm just rephrasing it for others.
(http://www.autoadmit.com/thread.php?thread_id=2549871&forum_id=2#25431970) |
Date: April 23rd, 2014 11:01 AM Author: glassy doctorate
that's the same for every single PE firm except Bain capital which has an operational strategy.
how is this news to you JJC?
(http://www.autoadmit.com/thread.php?thread_id=2549871&forum_id=2#25431320) |
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Date: April 23rd, 2014 11:21 AM Author: glassy doctorate
u don't understand what either job entails. would u rather hire a nurse or a doctor for a possible surgeon position?
the nurse is like the consultant. offers advice and nothing gets done because the strategy itself is the end goal. very little finance, almost all powerpoint and graphs and strategy.
the doctor is the banker. its all transactional. deals happen and PE is all about deals. its a natural fit. u should do some more reading on each job and industry.
(http://www.autoadmit.com/thread.php?thread_id=2549871&forum_id=2#25431391) |
Date: April 24th, 2014 1:16 AM Author: 180 slimy persian
Former IBD guy here with lots of MBB friends. Unless you get staffed on some lucky PE-related MBB projects (Bain tends to have more of these), you have very little hope of getting into PE from MBB. Skills don't translate and PE is all about pedigree.
Top PE shops love pedigreed IBD groups like Goldman TMT, JP Lev Fin, etc. Interviews literally start 3-6 months after the job starts so lol at anybody who thinks the work experience seriously matters. It's all about pedigree and networking, and a guy stuck in flyover land doing 2x2s has neither in the eyes of top PE shops.
(http://www.autoadmit.com/thread.php?thread_id=2549871&forum_id=2#25436668) |
Date: April 24th, 2014 1:39 AM Author: Red public bath
Former MBB dood here.
1) PE hires quite a bit from MBB (EDIT: really for ops)
2) Mostly they want Analysts- and very top performers at that
3) They take very top performer associates. Once you hit manager or junior partner you have angled yourself to become an exec somewhere... not PE
4) PE ops people in particular tend to be MBB for obvious reasons (what the fuck to former IB guys know about turning around companies?)
5) If you want to be the dood identifying and buying targets, I agree with the gentleman above me: IB is a much better way to go.
I worked with some Bain Cap people and the entire team from the VP on down were former MBB. Of course, they were ops.
(http://www.autoadmit.com/thread.php?thread_id=2549871&forum_id=2#25436749) |
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Date: April 24th, 2014 3:26 AM Author: 180 slimy persian
cr, when most people say PE they mean investment side. Ops side is not seen as "PE PE".
Top MBB can go to ops side like KKR Capstone pretty well. But that's not the LBO model world of investment PE.
(http://www.autoadmit.com/thread.php?thread_id=2549871&forum_id=2#25437077)
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