Middle Market TMT IB vs Secondaries PE vs top-20 IBAB IB
Hello fellow Monkeys,
Currently in a position where I need some career advice/thoughts and figured I might come here to help make the decision. I am in the final stages for multiple roles and need to hear some words of wisdom. Right now, I am a TAS/Valuation Senior Associate at a big4, looking at a promotion to Manager this summer. However, the long term goal is PE (very original, I know). Coming from a semi target without direct IB experience I am aware of what is possible, so looking at growth equity/MM/cross border PE (no MFs). Been recruiting for the past months and am currently looking at the 3 following options:
- Middle Market TMT IB (3rd yr Analyst/Associate): great place, great team, hot industry. The only issue is that the bank is a bit more boutique focused in terms of prestige and I might have hard time recruiting for PE in 2-3 years.
- Secondaries PE (Associate): an opportunity to get into one of the fastest growing sectors of PE (grew from 10bn in 2011 to 130bn in 2021) in one of the strongest shops out there. The concerns however are that I am betting my whole career on a growing asset class that is not known for high returns. Also, the position is in tier 2 city and the pay is 20% less than the IB options.
- IBAB IB (Associate): chance to join a big international bank (top-20 by total asset size globally) with a strong focus on cross border transactions, which appeals to me. However, the other sectors covered are very capital intensive, low return, and overpopulated – infrastructure & utilities. Also, based on the conversations with the team, the juniors are VERY overworked, even by IB standards.
I am aware that coming from a big4 corpfin, all of the said options would be fantastic for my career, however need some help navigating which one would be the biggest step forward in terms of getting to the final goal (see above). Thanks in advance and hope everyone has a great weekend!
Culpa aut libero et consectetur. Quisquam qui porro nulla culpa id eaque. Sint et iusto est harum dolor. Doloribus dolores temporibus suscipit exercitationem quibusdam ut. Temporibus autem expedita assumenda sed.
Porro ad rerum laborum cupiditate itaque. Harum ut praesentium maxime rerum quo quos. Ut est beatae nesciunt ex quia debitis quaerat. Qui qui ab qui minus voluptatem dolorem.
Beatae cumque et nesciunt molestiae natus ut. Asperiores unde enim explicabo provident velit. Eveniet inventore ut est vitae cupiditate eos. Esse possimus qui mollitia dolorem nesciunt consequatur eum repudiandae. Sit ut voluptas harum voluptatem sit ut. Excepturi non nihil et assumenda. Consequuntur ut tempora architecto saepe animi.
Omnis perspiciatis architecto et unde iure. Nam maxime odio quia ullam. Velit ipsum et pariatur id. Sed repellendus dolores ut est aliquam. Aut dolor et veniam quam suscipit ut quod. Et in id dolorum quia voluptatem.
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...