The War and Piece of LinkedIn... the Bulge Bracket Odyssey.. the Magnum Opus of PE Exits! This baby took a while to produce, so please share it around to those who might find it useful.
To replicate the results, click each of the individual funds below and go to the "Frequency" tab:
Background: Over the winter lockdown I coded a software tool that allows to crunch LinkedIn data like a boss. Using it, I am doing a series of posts analyzing the various exit opportunities in banks, consultancies and PE shops. Let me know in the comments what combo of firms or banks to do next week!
Whoa, nice. Very informative and impressive, thanks!
You are the real MVP
Can you do barclays only? Or mid tier BB such as barc, citi, baml?
I did that recently here: https://www.wallstreetoasis.com/forums/exit-opportunities-series-baml-c…
You do realise that the data is in the table, right? Barclays analyst cannot read a simple table, LMAO.
Toss CS in that mid tier list cmon look at these placements guy
Was Evercore left out or do they not exit to MFPE?
No they do... I just ran out of space. A smaller version of this for Evercore exits are here
Guggenheim / Greenhill?
And Jefferies and Rothschild
Make one and include in OP
https://www.buymeacoffee.com/
Not sure you know what the Magna Carta is..
Edit: Well now you changed the post title and I look like the fool. Well played sir.
yeah no you are right... definitely was not trying to establish a constitutional monarchy lol
fantastic resource. Surprised by CS and Lazard to say the least.
DB leading placements into Apollo wow
that was a plz fix moment - corrected that now
The best PE exit is the one where you like the work and fit in with the team..
I love the effort but damn is this hard to read as a colorblind person LOL
Can you make one for Power/Infra exits?
Based on this, looks like CS is still a stronger shop to go to than Barclays / Citi for exits
Yep
As someone who went to one of the shops you listed, I feel obligated to say it's not the magnum opus you're looking for necessarily and you should really carefully consider whether it's right for you. It's very similar to banking in terms of process management and considerably worse lifestyle. It certainly elevates your profile for the next role you take on but I'll go ahead and say 90% of the people who take on a MF role as an associate (and they're almost all type-a) will not want to continue with it due to it sucking. I am speaking from my experience so take it with a grain of salt but anecdotally I have heard the same from friends at different comparable funds
I know this wasn't the point of the post btw but wanted to make it clear given the magnum opus designation.
I think OP was implying that this aggregation of PE exits he put together was the "Magnum Opus of PE Exits"--not that PE itself was a magnum opus. Also the definition of magnum opus aligns more with that reading than what you're trying to say, as it would be awkward to refer to PE or the IB/consulting desire to exit to PE a "magnum opus".
Sick graphic!
Pretty informative and guess it confirms most of what people say on here. Another thing to keep in mind is the class size at these places is pretty different. JPM is significantly larger than MS/GS, which are a lot bigger than Lazard, etc.
Great work, thanks for sharing. Shouldn’t there be an “Other” section? The chart isn’t MECE so the % proportions look off.
Macquarie is a cool datapoint, I think it shows that as much as this website likes to argue about the same exits, at a certain point I really wonder how much of this really comes down to self selection. For example, if you worked at Goldman you likely developed around a culture that is more similar to a megafund and values large cap PE exits more. From my experience coming from an EB, many of my peers didn’t end up recruiting for megafunds opting for HF’s, VC, and GE instead.
What about RBC and HSBC and BMO placements ?
Even with the diversity hiring you tout so much, you are not able to get something better?
Looks like you made an assumption. Keep your privilege in check. Diversity is important.
Incredible post, how many years of analyst exits is this over, or do you have an estimate of class sizes for each bank? Just wanted to compute some percentages per class per year
This would be great if anyone knows
Nice
Great job
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This is seriously cool; thanks!
Great work OP!
Is this global or US only?
Also, what's up with Barclays and Apollo?
I think it's global. OP, I'm not trying to go into PE but this was an amazing compilation of outcomes. Great job!
Barclays and RBC are Apollo's house banks for LBO financing. Makes sense.
Next one for you that I think would be the most helpful for the community:
type of exit for EB’s, BB’s, and MM’s
i.e. Megafund, Corp dev, Start-up etc. likely some limitations with what you can gather, but put constraints and proxy these to tell a story about career paths and how they differ or don’t differ from each bank. Also, fascinated to see what most people exit to from banking.
You've achieved god status mate
Can you do one for London? Also, would be cool if you can do one for MM banks (William Blair, Baird, Houlihan) / PEs
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