| Topic Name: |
Principal Investments |
| Message Name: |
Now that |
| Date Posted: |
01/01/2006 |
| In Reply To: |
I applying to the PI department at GS (London) and was just wondering whether avoiding the M&A experience puts you at a disadvantage over the long-term.
I have talked to people who are working in M&A and they keep telling me that it is better to do 2 years in M&A and then go into PE, than going into PE straight out of uni as the skills you learn in corporate finance are invaluable.
Do you guys agree on that?
Some time soon I have to state my preference (either PI or M&A). Given GS's strenght in advisory services, would going into M&A be more 'useful'?
Also, how important are foreign languages in principal investments (German)? Do you travel a lot as a junior member of a merchant banking department?
Thanks |
| Message: |
enough has been said about grammar/spelling, can anybody say more about these positions.
It sounds like a pretty unique opportunity to work in PE straight out of university (plus the training at GS) yet I just can't imagine that you are really involved in the interesting parts of the job given your lack of experience. Are you just sitting at your desk modelling financials/valuations day in day out or are you actually in contact with the companies you have invested in? Travelling?
Does anybody know how large the PE department in London is?
RH
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