Yes. No, probably not, but it’s still extremely difficult to win PE roles from banking (the majority of analysts do not win PE roles), and the odds are even worse from consulting.

Re: Notoriously difficult – isn’t that only relative to banking? Aside from banking, is there any other group that has a better shot at moving to PE than consultants?

Thanks!

Logan

Sure

Thanks. Different division, such as M&A?

No, sorry, we don’t have an article that does a side-by-side comparison of all those criteria for all the different groups. At the junior level, pay is the same or very similar, but M&A offers far better exit opportunities and generally worse hours. DCM hours can also be quite bad, but the exit opportunities aren’t necessarily much better than ECM.

So, really, you should pick M&A if you want to do PE, and if you don’t care about PE and just want better hours, pick ECM. And then maybe move to a different division after (probably the most common exit from ECM).

We’re shortening it and moving a lot of the content to the Advanced course instead, which will be revised.

It is not “rigorous and awesome” – it’s needlessly complicated and confusing. No one has time to watch 110+ hours of video and complete exercises. People want concise preparation. A ton of the existing content could be removed and put in written guides instead, which is already happening. The entire valuation/DCF section has already been simplified and revised.

Your articles are Great, Great and once again Great. Thank you for all the good work.

I would like to ask, could you direct me to an article that compares pay, exit opps and working hours of different groups within investment banking?

Ie. How would you compare M&A, DCM, ECM in terms of working hours, exit opps and pay (i believe pay is the same).

Also, does it make sense for someone to choose voluntarily ie. ECM over M&A? For example someone might value better work-life balance (please don’t tell me not to go into IB, as some ECM people at big banks have very decent hours ie. 60 a week).

The choice seems to me to be:

1) Go for M&A/lev fin, suffer 2 years and leave for PE (is it possible from lower-tier banks – Macquarie, Nomura, BNP, SocGen…)

or

2) Go for ECM, have decent work-life balance and stay within ECM forever.

Thanks!

Shortening your longest corse so significantly sounds intimidating a bit.

And sorry, my English is not so good.