Starting your career at BX REPE vs. BB IBD

Hi guys,

If you had an opportunity to start your first career at either between BX REPE (acquisition team) vs. BB IBD, which decision would you make?

In terms of optionality, IBD seems to be much better cuz I heard if you start your career in real estate, it really pigeonholes you. I don't know if the story would be different for Blackstone.

But as a person who wanted to land at a mega corporate PE fund, starting a career at a buyside seems attractive. Still it would be real estate tho.

Just want to hear people's thoughts on this.

 

This question specifically has been covered a few times. If you are in EMEA/APAC BX is most likely a better option (higher pay, more interesting work, better prepared overall for a PE Associate role, and your profile will probably attract more HHs than BB analysts).

If you are in the US, given how MF ASS recruiting works, I honestly couldn't say. I will probably still take BX... but you might be safer if your other options are top groups at BB/EBs..

 

Are you choosing between the top BB groups (GS TMT/FIG and MS M&A) or “worse” groups (relative to a MF REPE offer) like GS NR/HC/REGAL or MS consumer, FIG.

May be worth considering group specific outlooks and your own profile (target/non-target, gpa, test scores, diversity) before making any decisions.  

 

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