How hard is post mba MFPE
How hard is it to get a post pe position at a mf after MBA? I know they supposedly don’t give carry, so would it be more lucrative to take a position without carry at a MF or with carry at a growing mm?
Trending Content
Career Resources
Following
Depends mostly on your experience pre-MBA. Without experience in PE (or some sort of investing role) it is going to be very, very hard.
Carry question is hard to answer (somebody did a good job explaining it in that LMMPE fund thread that was floating around earlier), because it depends a lot on fund performance and economics (how early are you getting carry? how much?).
What if you do have pre mba pe experience?
Bump
Bump
Bump
It’s very difficult, even for those with pre Mba experience at a MF
This is correct. There are fewer post-MBA spots than pre-MBA spots at MFs and somewhere around half of spots are accounted for by returning sponsored pre-MBA associates. I would love to see stats on the number of truly “open” post-MBA seats across all MFs in a given year.
Rule of thumb was that for every 4 pre-mbas, you had one new post-mba. So if you are in a class of 20, they'll take 5 new post-mbas a year across across all sectors.
The way we thought about it is that 3/5 would come from the top 3 associates in the class (for sector divided funds, being the best wouldn't matter if you are too VP-heavy in your sector so there's a luck/timing issue), 1 would be diversity and 1 would be from outside the fund.
So do the math and you need to be in the top 10-20% of your associate class adjusted for timing/group considerations. You might have a team that brought in a lateral VP, so no one's getting hired for that sector while another had multiple people leave, so there's a glut of hiring.
Hard if you are already at a MF, and very hard if you weren't. There aren't a ton of seats available, and you are competing with all the ex-MF people who didn't get return offers at their shop.
Much more common is to see folks move down market - MF to UMM or UMM to LMM. As others have mentioned, any post MBA PE recruiting has gotten incredibly competitive.
Illo ad id dolores vel eius aut velit. Sequi quam atque voluptate quisquam ad et dignissimos accusantium. Quidem soluta ad veritatis sit repudiandae. A perspiciatis vitae commodi voluptas natus qui consequatur.
Architecto et aut quo illum. Quae et magni iusto quidem. Dicta eveniet officiis voluptatem aut.
Qui repellat aut blanditiis nemo alias eligendi. Maxime voluptatibus et quibusdam. Dicta inventore enim est debitis.
Quam doloremque ea dignissimos quam ab placeat. Consequatur nesciunt nostrum eum ex soluta numquam et. Qui optio reiciendis labore quisquam iusto. Optio qui dignissimos et natus voluptatem ducimus eius.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...