Correction: The % Total Column on the "PE Feeder Schools" is calculating incorrectly. University of Pennsylvania should be ~19% and numbers should be roughly doubled. Sorry about that! Thanks to Loïc Janssen for catching this.
Can you please make a video on the top 10 IB banks to work at and what sets them apart from each other. Such as salaries, work-life balance, vacation, team productivity, etc. This could be a pretty good video.
Wow, you are so thorough in outlining your data assumptions and analysis. It would be so cool to see this kind of list for hedge funds, venture capital, and even MBB. Also, I wanted to ask how long did it take you to compile all this data? Keep up the good work.
I'm in the process of doing this for MBB. I can probably do venture capital at some point. Hedge funds is really hard to do (I've tried) because there are so many different firms and almost all companies don't have a bio page.
just now coming across your videos, but can already tell i'm going to be a fan -- really sophisticated + refined content you have here. also, you have such an asmr voice hahaha
The conclusion that McKinsey is the best of consulting is a pretty weak argument because McKinsey doesn’t win by a lot while it has significantly more employees than Bain and BCG
McKinsey has the strongest brand name among the three. The others are strong companies as well, and the differences are marginal. Pay is the same at all three firms. It's more about prestige factors. McKinsey slightly edges out BB in MBB. There's a reason it's MBB and not BMB or BBM. The exit opps at McKinsey are ridiculous and they are a feeder into F500 C-suites
That's a fair point. Given the small magnitude of exits, I still think McKinsey is comfortably ahead of the other firms. As you said, it might be the same when you account for things per capita. I would personally still pick McKinsey over the other two if my goal was private equity though.
Yeah, MBA -> Associate I think is the way to go. Operations tends to be a little too far of a reach. I'd maybe check your group history to see if there's any examples of laterals to different functions internally. But even if you could hop around, it'd probably still take 3+ years to get into IB.
@@PeakFrameworks I agree. It may make sense for lateral moves to groups that have close touchpoints with PE/IB and network from there. The MBA route is appealing.. already closing in on 30! 😥
very nice video. The low number figures really hammer in how rare these opportunities are...being in the consulting space also made me realize BCG, Bain and McKinsey is still the place to be. Hopefully the transition from a tier 2 non-big four consulting into MBB tier 1s would be possible if i keep at it. Seems to really be the place where there is a choice of moving to other industries or keep developing within consulting with real potential.
Yes, looking at this data helped reinforce the idea to me that MBB is probably the path to pick out of school if you really want to keep your options open. Extremely good placement into tons of great jobs.
HI, saw the following comment on an online forum about PE careers and would love to get your opinion on it: "I feel like 75% of the guys I know coming out of their Pre-MBA PE roles are pretty much done with PE, and in some cases investing all together, and will tell anyone and everyone that PE is the intellectual equivalent of watching paint dry. I think it stems from a couple of things 1. The feeder aspect of target schools/banks 2. Lack of perspective 3. PE process and 4. Fund culture"
Haha, that's a pretty awesome comment. I wouldn't say 75%... I might say 1/3 leave finance / investing altogether. Most people in PE still stay in finance, with lots going to hedge funds and activist funds. Not everyone stays in PE itself, but that's because it's competitive to do so and for a lot of hedge fund people, it wasn't their intention in the first place. Intellectually I actually think PE can be pretty involved. Seems more so the higher you climb up in the firm. It's not always going to be traditionally fun intellectual stuff, but many of the key tasks: building a detailed operating model, negotiating credit terms, reading legal documents are all quite hard. It's hard to do any of those things passively. I agree that PE process is usually what breaks people. It can be extremely demanding and sudden. Fund culture tends to be pretty intense, but that's true for almost everything in finance.
Hey man, I really like your channel and would appreciate it if you could also share some information on private equity firms in Europe and overall private equity business in Europe. Keep up with good work!
Investment banking refers to a financial sector that facilitates the creation of capital for companies, governments, and other entities. This involves services like underwriting, mergers and acquisitions, securities trading, and offering financial advice. Investment banks help organizations raise funds through issuing stocks or bonds and also provide strategic guidance for corporate activities.
I completely agree, and that's why I highly value entrusting an investment coach with decision-making authority. Their extensive knowledge and focused training allow them to adeptly manage risk by leveraging its potential for greater returns while also implementing safeguards against adverse outcomes. It's virtually improbable for them to deliver subpar results. Personally, I've achieved a remarkable gain of over 1.5 million dollars during my two-plus years of collaboration with an investment coach.
We fail to realize that banks are commercial enterprises that are driven by greed as well. The over-leveraging of assets by banks starting in 2020 was one of the factors that led to SVB's collapse. I've never felt secure keeping a large sum of money in a bank. In other words, I invest through my financial advisor, reap the benefits, and then spend the money.
My CFA ’Angela Lynn Schilling’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market|
Hi, I love the detail and analysis! I would love to see if you could do something similar for hedge funds. Really appreciate the content though, it's amazing.
Hey, I really appreciate all the informing videos keep it going! Also could you possibly do a video on the European private equity recruiting. Im dutch and unable to especially now, move to the USA to study. Thanks for your awesome advices!
Extrapolation is in the eye of the statistician, but these numbers really should be normalized for the undergrads, MBAs, and former firms. For example, raw numbers of GS vs PJT or Evercore will definitely swing to GS; but per head count for junior analysts, this will definitely favor PJT. Evercore places well, but they also pay top of the industry to have a good retention within the company
Yes I would like that level of data to refine this further, but I think this still gets the directional answer. I think I already did PJT a huge favor by combining their results with Blackstone - PJT by itself has definitely not been as strong. Evercore also I would say has poor analyst retention (because their recruiting is solid). Very, very few analysts stay to associate.
Hey Matt! I’m from the Uk and am just wondering if you could do a Uk version of this video of give me an idea of where to get the information from. Thnx.
Yes it is, but they used to have an M&A arm (which was spun out to be PJT). So this is referring to a combination of PJT people and Blackstone employees. PJT is an elite boutique and stands alone now.
Hi Matt, would appreciate some advice on my career path. I am working in Corp Dev/Strat of a 20B market cap company and I aspire to break into PE eventually, probably after an assoc stint in IB after my MBA. I am from a non-target undergrad so I am aiming for a top 15~ MBA to “level up my prestige”. I would like to know realistically, what level of firm should I aim for out of an MBA in this day and age if I do not have BB/EB/MBB experience pre-MBA. I also believe there’s a slim chance of me getting in MBB pre-MBA given my firm prominence in my country, but I am worried my skills will be too far removed from the “M&A skills” that are of importance to PE if I work in consulting. But I also heard Bain Capital takes consultants? Should I strive for MBB first given I have zero chance of BB/EB without an MBA.
@@PeakFrameworks mainly how hard it is to find a job in finance or consulting with a uk/canadian degree and how hard it is to get a permanent residency
Hi! Thanks for such useful videos! I'd like to ask: Is this better ay to get pre-experience Masters in Finance if my Banchelor degree is IR with concentration to Economy? What pre-exp.Masters universities you would suggest?
Can you share your thoughts on the CFA? Is it worth doing right out of undergrad, or would it make more sense to wait awhile and see if MBA is a better option. I’m in Canada so more curious about this geographic, thanks!
I don't think it's worth doing the CFA. Especially in Canada, it's extremely saturated. There are more people that take the CFA every single year in Canada than there are investment management jobs. I think you should focus on getting good internship experience over everything else.
Hi Matt, your videos are fantastic and helping everyone out there, would you mind sharing your thoughts about international students joining ib or pe ferms? Is it absolutely near impossible for the banks to sponsor us? I am a high school fresher rn and want to study econ math in USA but most of the people are really discouraging. Thank you! (I am capable of getting into an ivy maybe even upenn) would there be a bias for these ivy leauge international applicants? Do you know anyone that are international that joined after college or graduate school? Help would be appreciated
I think Rotman is the best in Canada. Ivey is alright, but all Canadian MBAs are significantly weaker than their undergraduate programs. It's generally not worth it in my opinion unless you're switching industries.
Thanks for the video. Had an opportunity to join either Bain or a Growth Equity portfolio company operations out of undergrad. Long term goal is unicorn c-suite/ entrepreneurship. What would be your suggestion?
Hmm, it really depends on the specific portfolio company. I would lean Bain though. Unless you have strong conviction about the company, I think it's a safer bet to do Bain. You can most likely join that same company or a similar company from Bain afterwards. Bain is probably also a better credential and gives you some more downside protection. I also assume that if the company is already owned by a growth equity firm, it's probably mature enough where you're not getting meaningful equity as a new grad.
Dude Your McKinsey point is biased, no consulting firm has a laser-like focus on PE than Bain, it's consultants are way more trained for PE than McKinsey. And secondly, HBS sends more than 900 MBAs in the market while Stanford has only 400, if you look overall, Stanford MBAs have a competitive edge over HBS in PE and VC funds. The rest you can comment
I'm making a CFA video right now... but I don't think I can ever make the second video. I personally don't think CFA is very helpful and definitely won't single-handedly help you get into PE.
Would be great if you could do a video on lateraling into BB/EBs, as many of us have accepted offers at less prestigious banks, than we otherwise would have pre-covid.
hello, i'm wondering if you can help me, im heading to vanocuver to get my masters in finance, from the university of british columbia, and i want to start a career in private equity, am i on the right track? or should i look for a another university in vancouver, and if there is any recommendations for internships in good companies in vancouver il really appreciate the help.
UBC is definitely the best in Vancouver. I think your best bet is targeting investment banking first though. It's really hard making a direct switch into PE if you don't have any prior experience.
I think this view misses the picture a little. I think most people don’t break into PE post mba so the real view is career PE people are HBS/Stanford/Wharton or the MBA isn’t worth it to them.
Depends on the stage of the fund. Pre-acquisition, it's a lot of screening industries, reaching out to targets, building models. Post-acquisition, it's kind of like operations at a normal company with some fund management work.
Can private equity firms partners have personal investments like can they invest in a startup individually means they are investing their own money not firm money and sell their stake and make huge gains after ipo and let it remain invested for long time so that it grows please tell @peak Framework
Really depends on the degree. As alluded in this video, the top MBAs will help. Where a masters often helps the most is that it can give you another opportunity to recruit. I think it's possible to get into investment banking if you're coming from a decent masters, much harder for private equity though.
A lot of PE recruiting is timing. You don’t need to be at largest fund to be making a lot of money. Remember you don’t get anything that you don’t ask for
Their placement is pretty good into banking and relatively better into private equity. UChicago is a great overall school too. I think it's a bit of a tough undergrad experience, but it shouldn't be a burden when you're applying to firms.
Queen's isn't a top school for private equity, but they definitely still have people in the industry. There are still consistently a handful of Queen's people that end up in banking every year and have a shot at PE. This is only for NY too. Queen's does well in Toronto.
U of T isn't close. I actually didn't find a single person at these top firms who went to U of T. Ivey, McGill, Queen's, and even Waterloo / Laurier double degree are better. Rotman is still the best MBA in Canada but that's more because all the MBAs in Canada are pretty weak for finance.
I've seen certain groups at CPP break into top private equity firms, but those candidates were sort of rockstars coming from top Canadian schools to begin with. There are a lot of groups at pension funds - not all will get contacted by headhunters.
Real estate IB is probably the most common way in. In my view, it's a lot less competitive than other fields. I think a lot of real estate firms also hire directly out of school too though.
@@PeakFrameworks I'm from Mexico, next year I'll be attending a masters real estate in NYU or MBA at Mccombs. Haven't decided yet. Any advice on these options? I'm looking forward to a seat in a REPE firm and have a good opportunity to end up in a Credit division of a Small bank in San Antonio.
Unfortunately missed the list. They're a smaller firm and don't always place as well into buyside recruiting because a lot of their talent stays in banking.
Great video. This topic gets debated so often but rarely assessed empirically. I think it's tricky to compare apples to apples from an undergrad perspective. You have a lot fewer students from Princeton trying to break into PE than from business schools like Wharton / Ivey. Clearly Wharton / Ivey kill it, but it's misleading to interpret this as saying you'd be at a relative disadvantage when recruiting with a degree from many of the non business schools on this list. Like you mention early on, "traditional prestige" for undergrad tends to matter more for PE than banking. To that end, when you consider student body size + liberal arts vs. business as a proxy for number of students trying to break into PE, I think Harvard, Dartmouth and Yale really stand out. Dartmouth in particular given its liberal arts emphasis and small student body. Somewhat of a subjective interpretation for sure though. - monkey headed to megafund PE
If you had a larger sample of PE firms (include BX and Apollo) and factor in the West Coast offices of Tech funds, I suspect you will see that GS / MS outplaces all the other BB's
GS / MS and are already outplacing the other firms, but yes agreed! Not all firms have big offices out west, so I think including west coast would change things a bit. GS / MS / Moelis / Evercore all up. Qatalyst probably makes the list too at that point if you include SF roles.
They become bankers because they want to make money and becuase when you go to these top schools and top firms the feeling of playing at the highest level is always exciting.
@@bizetlonzo8507 what highest level highest level in robbing people’s retirement funds? These people get exited when illnesses strike or someone dies because they know there going to make money, what a disgusting career
Correction: The % Total Column on the "PE Feeder Schools" is calculating incorrectly. University of Pennsylvania should be ~19% and numbers should be roughly doubled. Sorry about that!
Thanks to Loïc Janssen for catching this.
Poor attention to detail much?
Hi, Harvard doesn't even have a business program at the undergrad level. So what would you say their undergrad programs was?
Did anyone else notice that he has Deutsche bank as a bulge bracket in quotes 😂
That research across PE firms is clutch. Loving the content, this was incredibly insightful! Wouldn't be surprised if this video really blew up
Loving the comprehensive videos Matt. Please do this for Consulting, specifically MBB, next!
Expect this in the coming months!
yeah matt it would mean a lot if you do vids on consulting, btw great content !!! keep it up
And Harvard doesn't even offer finance to undergrads. You're right about the prestige factor.
@@ChristianSprague I'm a fan of Matt and the videos!
Can you please make a video on the top 10 IB banks to work at and what sets them apart from each other. Such as salaries, work-life balance, vacation, team productivity, etc.
This could be a pretty good video.
Good idea! Most things won't differ that much between banks, but I can make that video later this year.
I like how calm this video makes me feel
Wow, you are so thorough in outlining your data assumptions and analysis. It would be so cool to see this kind of list for hedge funds, venture capital, and even MBB. Also, I wanted to ask how long did it take you to compile all this data? Keep up the good work.
I'm in the process of doing this for MBB. I can probably do venture capital at some point. Hedge funds is really hard to do (I've tried) because there are so many different firms and almost all companies don't have a bio page.
Really like your data driven video content. Keep it up Matt
just now coming across your videos, but can already tell i'm going to be a fan -- really sophisticated + refined content you have here. also, you have such an asmr voice hahaha
Great video as always! Really nice insights and commentary appreciate it.
Excellent summary - very well put together!
The conclusion that McKinsey is the best of consulting is a pretty weak argument because McKinsey doesn’t win by a lot while it has significantly more employees than Bain and BCG
McKinsey has the strongest brand name among the three. The others are strong companies as well, and the differences are marginal. Pay is the same at all three firms. It's more about prestige factors. McKinsey slightly edges out BB in MBB. There's a reason it's MBB and not BMB or BBM. The exit opps at McKinsey are ridiculous and they are a feeder into F500 C-suites
That's a fair point. Given the small magnitude of exits, I still think McKinsey is comfortably ahead of the other firms. As you said, it might be the same when you account for things per capita. I would personally still pick McKinsey over the other two if my goal was private equity though.
With the way the entire market is now I think the best way to still stay up is by diversification of your portfolio
Diversification in what sense what do you mean ?
Well I have a lot of crypto and some real estate in my name what more can I diversify into ?
I have encountered some losses trying to diversify on my own I think I need some to guide me like a broker though I am an expert myself
What is diversification of portfolio?
@@kingsley5560 I mean extending your investment into other markets
You're younger than me yet you carry so much more maturity in your presentations!
@Peaks Frameworks I'm working an ops role at GS. Any thoughts on transitioning to a PE/IB type role? Is MBA -> Associate the best option?
Yeah, MBA -> Associate I think is the way to go. Operations tends to be a little too far of a reach. I'd maybe check your group history to see if there's any examples of laterals to different functions internally. But even if you could hop around, it'd probably still take 3+ years to get into IB.
@@PeakFrameworks I agree. It may make sense for lateral moves to groups that have close touchpoints with PE/IB and network from there. The MBA route is appealing.. already closing in on 30! 😥
very nice video. The low number figures really hammer in how rare these opportunities are...being in the consulting space also made me realize BCG, Bain and McKinsey is still the place to be. Hopefully the transition from a tier 2 non-big four consulting into MBB tier 1s would be possible if i keep at it. Seems to really be the place where there is a choice of moving to other industries or keep developing within consulting with real potential.
Yes, looking at this data helped reinforce the idea to me that MBB is probably the path to pick out of school if you really want to keep your options open. Extremely good placement into tons of great jobs.
I would love to see a video like this for top quant hedge funds and prop shops!
Loving your content Matt! Could you consider doing a video on Canadian ib/pe firms and comparing them to the US?
That's a good idea, I'll start thinking about that. Thanks!
Love to see Ivey up there as a fellow Canadian!!
I am more impressed with the amount of work that went into this video. That is dedication to the viewers.
HI, saw the following comment on an online forum about PE careers and would love to get your opinion on it:
"I feel like 75% of the guys I know coming out of their Pre-MBA PE roles are pretty much done with PE, and in some cases investing all together, and will tell anyone and everyone that PE is the intellectual equivalent of watching paint dry. I think it stems from a couple of things 1. The feeder aspect of target schools/banks 2. Lack of perspective 3. PE process and 4. Fund culture"
Haha, that's a pretty awesome comment. I wouldn't say 75%... I might say 1/3 leave finance / investing altogether. Most people in PE still stay in finance, with lots going to hedge funds and activist funds. Not everyone stays in PE itself, but that's because it's competitive to do so and for a lot of hedge fund people, it wasn't their intention in the first place.
Intellectually I actually think PE can be pretty involved. Seems more so the higher you climb up in the firm. It's not always going to be traditionally fun intellectual stuff, but many of the key tasks: building a detailed operating model, negotiating credit terms, reading legal documents are all quite hard. It's hard to do any of those things passively.
I agree that PE process is usually what breaks people. It can be extremely demanding and sudden. Fund culture tends to be pretty intense, but that's true for almost everything in finance.
Hey man, I really like your channel and would appreciate it if you could also share some information on private equity firms in Europe and overall private equity business in Europe. Keep up with good work!
I never worked in Europe, so I'm skeptical of making content around it, but I'll add this to the list.
Investment banking refers to a financial sector that facilitates the creation of capital for companies, governments, and other entities. This involves services like underwriting, mergers and acquisitions, securities trading, and offering financial advice. Investment banks help organizations raise funds through issuing stocks or bonds and also provide strategic guidance for corporate activities.
I completely agree, and that's why I highly value entrusting an investment coach with decision-making authority. Their extensive knowledge and focused training allow them to adeptly manage risk by leveraging its potential for greater returns while also implementing safeguards against adverse outcomes. It's virtually improbable for them to deliver subpar results. Personally, I've achieved a remarkable gain of over 1.5 million dollars during my two-plus years of collaboration with an investment coach.
We fail to realize that banks are commercial enterprises that are driven by greed as well. The over-leveraging of assets by banks starting in 2020 was one of the factors that led to SVB's collapse. I've never felt secure keeping a large sum of money in a bank. In other words, I invest through my financial advisor, reap the benefits, and then spend the money.
Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us..
My CFA ’Angela Lynn Schilling’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market|
Thank you for this Pointer. It was easy to find her handler, She seems very proficient and flexible. l booked a session with her...
Thanks for the video!
Could you please do a video on impact investing/social impact funds! (Everything from content to companies/groups, paths, salaries, etc.) 🙂
Cool idea! I'll look into it.
Hi, I love the detail and analysis! I would love to see if you could do something similar for hedge funds. Really appreciate the content though, it's amazing.
Hey, I really appreciate all the informing videos keep it going! Also could you possibly do a video on the European private equity recruiting. Im dutch and unable to especially now, move to the USA to study. Thanks for your awesome advices!
Ah I don't know anything about Europe, so don't expect this video any time soon.
@@PeakFrameworks oh okey, thats a bummer, thanks anyways!
Can you please make a video on Europe (London)
thanks this is quite useful!
Awesome video keep it up
Extrapolation is in the eye of the statistician, but these numbers really should be normalized for the undergrads, MBAs, and former firms. For example, raw numbers of GS vs PJT or Evercore will definitely swing to GS; but per head count for junior analysts, this will definitely favor PJT. Evercore places well, but they also pay top of the industry to have a good retention within the company
Yes I would like that level of data to refine this further, but I think this still gets the directional answer. I think I already did PJT a huge favor by combining their results with Blackstone - PJT by itself has definitely not been as strong.
Evercore also I would say has poor analyst retention (because their recruiting is solid). Very, very few analysts stay to associate.
Great content. Thank you!
Do you know how good The Kelley school of business at Indiana university is for private equity? Or uga or uf?
Hey Matt! I’m from the Uk and am just wondering if you could do a Uk version of this video of give me an idea of where to get the information from. Thnx.
Probably:
1. Oxford/ Cambridge
2. LBS
3. LSE/ G5/ Imperial
I’m sorry but how is 54 hires coming from University of Pennsylvania 8%? 54/290=18.6%?
Lol I completely banged that column up, sorry! # of hires is right, but the denominator for the % was wrong.
Hey Matt - great video as always. Question about the slide at 6.34, is blackstone not a PE firm itself?
Yes it is, but they used to have an M&A arm (which was spun out to be PJT). So this is referring to a combination of PJT people and Blackstone employees. PJT is an elite boutique and stands alone now.
Congratulations! Really good video. Wish to see the results of Europe, could be really interesting as well. Regards from a spanish viewer!
Thanks Miguel! I can start researching Europe - I have never worked there though, so I have less experience to draw upon.
@@PeakFrameworks Would be a pleasure to see te video. Thanks for the response !
Would be good to see if similar analysis for west coast Pe firms
Hi Matt, would appreciate some advice on my career path. I am working in Corp Dev/Strat of a 20B market cap company and I aspire to break into PE eventually, probably after an assoc stint in IB after my MBA.
I am from a non-target undergrad so I am aiming for a top 15~ MBA to “level up my prestige”.
I would like to know realistically, what level of firm should I aim for out of an MBA in this day and age if I do not have BB/EB/MBB experience pre-MBA.
I also believe there’s a slim chance of me getting in MBB pre-MBA given my firm prominence in my country, but I am worried my skills will be too far removed from the “M&A skills” that are of importance to PE if I work in consulting. But I also heard Bain Capital takes consultants? Should I strive for MBB first given I have zero chance of BB/EB without an MBA.
Bro that was a big 👍
I saw the video about your career, it would be nice to do one about working and immigrating to the US with a canadian or UK degree
Yes!
This is a cool idea! I'm not really sure what this would entail though - what sort of factors are you interested in?
@@PeakFrameworks mainly how hard it is to find a job in finance or consulting with a uk/canadian degree and how hard it is to get a permanent residency
@@PeakFrameworks , hey hello. What about getting job from the Asia, especially from Kazakhstan?
Do you have an updated list for the West Coast [LA, San Fran] areas?
Can u do one for the uk, cuz I wanna study abroad.
Goldman TMT baby!
Hi! Thanks for such useful videos! I'd like to ask: Is this better ay to get pre-experience Masters in Finance if my Banchelor degree is IR with concentration to Economy? What pre-exp.Masters universities you would suggest?
Can you do a video on the PE secondary market?
Can you share your thoughts on the CFA? Is it worth doing right out of undergrad, or would it make more sense to wait awhile and see if MBA is a better option. I’m in Canada so more curious about this geographic, thanks!
I don't think it's worth doing the CFA. Especially in Canada, it's extremely saturated. There are more people that take the CFA every single year in Canada than there are investment management jobs. I think you should focus on getting good internship experience over everything else.
Hi Matt, your videos are fantastic and helping everyone out there, would you mind sharing your thoughts about international students joining ib or pe ferms? Is it absolutely near impossible for the banks to sponsor us? I am a high school fresher rn and want to study econ math in USA but most of the people are really discouraging. Thank you! (I am capable of getting into an ivy maybe even upenn) would there be a bias for these ivy leauge international applicants? Do you know anyone that are international that joined after college or graduate school? Help would be appreciated
Hi Matt. What is your opinion on Western Ivey MBA (assuming international student who wants to settle in Canada)? Thank you for the great work
I think Rotman is the best in Canada. Ivey is alright, but all Canadian MBAs are significantly weaker than their undergraduate programs. It's generally not worth it in my opinion unless you're switching industries.
Can you do a video on lateraling or moving from a regional office after summer analyst?
Sure, we can add that to the list!
Thanks for the video. Had an opportunity to join either Bain or a Growth Equity portfolio company operations out of undergrad. Long term goal is unicorn c-suite/ entrepreneurship. What would be your suggestion?
Hmm, it really depends on the specific portfolio company. I would lean Bain though. Unless you have strong conviction about the company, I think it's a safer bet to do Bain. You can most likely join that same company or a similar company from Bain afterwards. Bain is probably also a better credential and gives you some more downside protection.
I also assume that if the company is already owned by a growth equity firm, it's probably mature enough where you're not getting meaningful equity as a new grad.
Dude Your McKinsey point is biased, no consulting firm has a laser-like focus on PE than Bain, it's consultants are way more trained for PE than McKinsey.
And secondly, HBS sends more than 900 MBAs in the market while Stanford has only 400, if you look overall, Stanford MBAs have a competitive edge over HBS in PE and VC funds. The rest you can comment
Brother can you please make a video about CFA and how you break into the PE with CFA
I'm making a CFA video right now... but I don't think I can ever make the second video. I personally don't think CFA is very helpful and definitely won't single-handedly help you get into PE.
Im ACCA qualified and im applying for the CFA to break into PE what should i do then?
Would be great if you could do a video on lateraling into BB/EBs, as many of us have accepted offers at less prestigious banks, than we otherwise would have pre-covid.
It's a good suggestion, we'll put something out on off cycle / lateral recruiting in the next few months.
@@PeakFrameworks thanks!
Could you do the same thing for the UK/european market? It would be super useful
We'll add it to the list, thanks for the suggestion!
hello, i'm wondering if you can help me, im heading to vanocuver to get my masters in finance, from the university of british columbia, and i want to start a career in private equity, am i on the right track? or should i look for a another university in vancouver, and if there is any recommendations for internships in good companies in vancouver il really appreciate the help.
UBC is definitely the best in Vancouver. I think your best bet is targeting investment banking first though. It's really hard making a direct switch into PE if you don't have any prior experience.
@@PeakFrameworks thank you i really appreciate it
Is it possible to do a video about the investment banking in Africa, specifically South Africa for me
I don't know anything about investment banking in Africa, so don't expect this any time soon!
Sparknotes version of this video: Go to HBS or Wharton - you're welcome!
I think this view misses the picture a little. I think most people don’t break into PE post mba so the real view is career PE people are HBS/Stanford/Wharton or the MBA isn’t worth it to them.
@@chriscampbell2142 tl;dr
@@ebitdareadthebook1535 well well well, if it isn't Chad Mc ThunderCock
Just wanted to ask, How would I go from being a qualified engineer and working for 2 years to Investment banking?
an MBA
Yeah, you'd likely have to get an MBA in order to make a career switch like that. Unless you haven't graduated yet.
i got to uoft for finance, and I want to break into the industry since its not a target school will I not break in?
Nah, UofT is still strong enough that you can break in. Just join finance clubs and do stock pitch competitions.
How is Rothschild placement into PE?
Can you do an update 2 years later?
What's the day to day work that interns do at search funds?
Depends on the stage of the fund. Pre-acquisition, it's a lot of screening industries, reaching out to targets, building models. Post-acquisition, it's kind of like operations at a normal company with some fund management work.
Can private equity firms partners have personal investments like can they invest in a startup individually means they are investing their own money not firm money and sell their stake and make huge gains after ipo and let it remain invested for long time so that it grows please tell @peak Framework
Yes they can definitely have personal investments
Hi Matt, Does a master's degree help to get into IB or Private Equity?
Really depends on the degree. As alluded in this video, the top MBAs will help. Where a masters often helps the most is that it can give you another opportunity to recruit. I think it's possible to get into investment banking if you're coming from a decent masters, much harder for private equity though.
@@PeakFrameworks what of masters in mathematics?
A lot of PE recruiting is timing. You don’t need to be at largest fund to be making a lot of money. Remember you don’t get anything that you don’t ask for
I had no clue Western was such a good business school
Can you talk about venture capital?
Unfortunately not really, I never worked in VC so I can only speak from a high level. I can try to do research, but don't expect something this year.
How hard is it to get in P/E and IB as a U Chicago econ major. ( as a french student) ?
Their placement is pretty good into banking and relatively better into private equity. UChicago is a great overall school too. I think it's a bit of a tough undergrad experience, but it shouldn't be a burden when you're applying to firms.
@@PeakFrameworks thank you for your answer. Would you say is under HYPW but same level as Columbia, brown Dartmouth etc...
@@ludwigthouvenin2012 Columbia brown Dartmouth etc...
@@erch3rejc986 ?
@@ludwigthouvenin2012 Yes, UChicago is roughly under HYPW but the same as Columbia, brown, Dartmouth etc.
Queens not on the list too :(
Queen's isn't a top school for private equity, but they definitely still have people in the industry. There are still consistently a handful of Queen's people that end up in banking every year and have a shot at PE.
This is only for NY too. Queen's does well in Toronto.
I think it's time for a podcast or an interview on this channel 😏
U of T didn't make the cut... rip
There’s at least 3 other Canadian schools that would place higher than Rotman😂
@@notshubh idk if I'd say that haha, Rotman is pretty good, especially for MBA.
U of T isn't close. I actually didn't find a single person at these top firms who went to U of T. Ivey, McGill, Queen's, and even Waterloo / Laurier double degree are better.
Rotman is still the best MBA in Canada but that's more because all the MBAs in Canada are pretty weak for finance.
@@PeakFrameworks Fair enough. Thanks for the reply!
Do private sector PE firms recruit from pension funds?
i dont think so but waiting for more anwser will surely not hurt
I've seen certain groups at CPP break into top private equity firms, but those candidates were sort of rockstars coming from top Canadian schools to begin with. There are a lot of groups at pension funds - not all will get contacted by headhunters.
@@PeakFrameworks Thanks Matt!
Why is Apollo not on here?
They don't make biographical data for their junior employees available on their website.
Any advice to get into REPE
Real estate IB is probably the most common way in. In my view, it's a lot less competitive than other fields. I think a lot of real estate firms also hire directly out of school too though.
@@PeakFrameworks I'm from Mexico, next year I'll be attending a masters real estate in NYU or MBA at Mccombs. Haven't decided yet. Any advice on these options? I'm looking forward to a seat in a REPE firm and have a good opportunity to end up in a Credit division of a Small bank in San Antonio.
Where's Centerview?
Unfortunately missed the list. They're a smaller firm and don't always place as well into buyside recruiting because a lot of their talent stays in banking.
@@PeakFrameworks Understood, I agree-- hadn't thought about that
Great video. This topic gets debated so often but rarely assessed empirically.
I think it's tricky to compare apples to apples from an undergrad perspective. You have a lot fewer students from Princeton trying to break into PE than from business schools like Wharton / Ivey. Clearly Wharton / Ivey kill it, but it's misleading to interpret this as saying you'd be at a relative disadvantage when recruiting with a degree from many of the non business schools on this list. Like you mention early on, "traditional prestige" for undergrad tends to matter more for PE than banking.
To that end, when you consider student body size + liberal arts vs. business as a proxy for number of students trying to break into PE, I think Harvard, Dartmouth and Yale really stand out. Dartmouth in particular given its liberal arts emphasis and small student body. Somewhat of a subjective interpretation for sure though.
- monkey headed to megafund PE
do one for canada
Ivey > Queen's > rest
@@PeakFrameworks LOL, I guess that makes sense, but if possible one day you could compile the data like you did with IB in Canada.
what a drawn out way to say harvard and goldman sachs
Well, you should also remember that Penn is the best...
It's just not how things works.
If you had a larger sample of PE firms (include BX and Apollo) and factor in the West Coast offices of Tech funds, I suspect you will see that GS / MS outplaces all the other BB's
GS / MS and are already outplacing the other firms, but yes agreed! Not all firms have big offices out west, so I think including west coast would change things a bit.
GS / MS / Moelis / Evercore all up. Qatalyst probably makes the list too at that point if you include SF roles.
Is Vanderbilt University a target school for IB
They're a strong semi-target. You can check out our IB target school list video for more info.
How does it feel to in an industry that caused 2008 market crash I’ve always wondered why anybody would go into banking you guys literally steal value
They become bankers because they want to make money and becuase when you go to these top schools and top firms the feeling of playing at the highest level is always exciting.
@@bizetlonzo8507 what highest level highest level in robbing people’s retirement funds?
These people get exited when illnesses strike or someone dies because they know there going to make money, what a disgusting career
@@bizetlonzo8507 there’s better ways to make money
really annoying music
Seriously with that voice... he lowers it at the last word of a sentence and creates cringe...
Is it too late to join investment banking as i will be 31 after my mba from stanford