| Topic Name: |
BB Private Equity vs. IB |
| Message Name: |
BB Private Equity |
| Date Posted: |
01/30/2002 |
| In Reply To: |
I am an undergraduate and interned for one of the top 5 banks this summer in NY. I received an offer to continue working in investment banking, but I am considering seeking a position in their private equity operation, since this is where I would like to see myself long-term.
Q1: Which route will position me better for a shot at a top LBO shop later on (I am assuming that the BB PE track would hit a wall at some stage)?
Q2: If investment banking is your recommendation (and even if it's not), which group would be the best choice given my long-term plans?
Q3: How would you rank the top BB private equity teams? Goldman vs. MS vs. JPM vs. CSFB.
Q4: Any other advice you would consider relevant?
I would really appreciate all your input, since this is a major decision for me. Thank you in advance.
Sammy
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| Message: |
Clearly, CSFB's DLJ Merchant Banking Partners at a whopping $5.4 billion is the biggest. DLJ Merchant banking in the past has traditionally been the most prestigious out of the top BB PE arms.
Thats not to say that Goldman PIA or Morgan Stanley Princess Funds are not also highly regarded.
JPM Chase capital is also highly regarded but they have many different types of funds in that umbrella.
I highly doubt you have offers to all of these groups. If you did, then you would be savvy enough to decide for yourself. Which means if you are lucky enough to get into any of these, go for it.
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