Trending Content
+26 | VP Level - when to follow up after final round | 10 | 1d | |
+25 | Sr Asso / VP Unemployment Check-in | 7 | 1h | |
+20 | Vista Lateral Associate | 12 | 15h | |
+16 | IB/PE Lifers, Was It Worth It? | 5 | 1d | |
+15 | Anyone here work at 777? | 15 | 11h | |
+14 | Boss says one thing and does another | 7 | 16h | |
+14 | Why is Blackstone so dominant? | 9 | 3d | |
+14 | EBITDA walkdown to cash flow for debt service | 10 | 5d | |
+13 | Public company LBO | 4 | 13h | |
+12 | Late to the PE Recruiting Where Do I Even Start | 2 | 5d |
Career Resources
Based on the WSO Dataset, the decision between moving to a tier 1.5/2 PE shop (like Marlin, aKKR, Spectrum) or staying at a non-tier 1 BB (such as Barclays, Wells, DB) as an associate often hinges on individual career goals, interests in the type of work, and lifestyle preferences. Here are some considerations:
Career Trajectory and Exit Opportunities: Moving to a PE shop, even if it's considered tier 1.5/2, can offer a different set of exit opportunities and career growth paths compared to staying in investment banking. PE roles often provide more direct involvement in the operational and strategic aspects of portfolio companies, which can be appealing for those interested in a more hands-on investment role.
Work-Life Balance: While work-life balance can vary widely within the PE industry, some may find that certain PE shops offer a marginally better lifestyle compared to the demanding hours often associated with investment banking. However, this is not a rule, and due diligence on the specific firm's culture and expectations is crucial.
Compensation: Compensation trajectories can differ between PE and IB. While both paths can be lucrative, the compensation structure in PE might include a more significant portion of performance-based bonuses and carried interest, potentially leading to higher earnings in the long run, depending on the success of the investments.
Interest in Investing vs. Advisory Work: This decision could also come down to a preference between the investing side of finance, which involves acquiring and managing equity stakes in companies, versus the advisory and transactional nature of investment banking. Those more interested in the end-to-end process of investing might lean towards PE.
Firm Reputation and Network: While Barclays, Wells, and DB are reputable BBs, moving to a recognized PE shop like Marlin, aKKR, or Spectrum can also add valuable brand names to one's resume. The network and reputation of the firm in the industry could play a significant role in future career opportunities.
Ultimately, the choice between staying at a BB as an associate or moving to a tier 1.5/2 PE shop should align with one's long-term career objectives, personal interests in the type of work, and lifestyle preferences.
Sources: Mid-tier BB vs MBB for PE, Which MBB is best for PE Recruiting?, Q&A 2.0: 3rd Year BA/A/AC At MBB Going To UMM/MF This Summer, IB or PE has easier upward mobility? Compensation?, Prefer Elite Boutiques or Bulge Brackets?
following
What do you want to do with your career...?
You are an example of someone that is just following the herd. Man you really ought to think for yourself. Do you want to be a banker or do you want to be an investor? No one here can answer this question for you.
Labore nobis nam ipsa est voluptatem est soluta. Laudantium quaerat magnam voluptatem recusandae quisquam iste. Iste aliquam ea dolorum ad officia et. Deleniti cupiditate perspiciatis ut illum. Veritatis quibusdam voluptas nobis quo fuga.
Repudiandae tempora aut asperiores saepe voluptate minus veniam id. Dolorum corrupti at assumenda in quisquam voluptatem sint. Minima expedita reiciendis officiis deleniti nemo provident architecto. Repellat occaecati et molestiae. Asperiores odit distinctio ut voluptas. Vitae excepturi aut vel nisi. Voluptatem et ratione sit ad.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...