PE Funds that promote AS > VP?
Hello. Would anybody happen to have a list of funds that offer direct promote (skip B-School) and how many of associates typically get offers?
Trending Content
Career Resources
WSO Free Modeling Series - Now Open Through
May 31, 2024
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
An increasing number of UMM and Megafund PE firms are promoting without MBA. Off the top of my head:
KKR Apollo Silver Lake Centerbridge Leonard Green Ares New Mountain Clearlake Vista Platinum
Many of these funds have raised larger funds and have room to add headcount and high performers are typically promoted. They prefer to promote within versus hiring from business school. When they do hire from business school, it is typically because none of the good associates wanted to stay.
Collectively, those firms have slightly worse business school placement than their 2 year program peers. Business school is often frowned upon and there are fewer senior people that can pull for you. The firms do not have a strong relationship with H/S because they are not consistently on campus hiring.
In theory, assuming you survive for four years..
Bump
Bump
Does Apax fall in this category?
Rare to get promoted as a man (maybe 1/5-6) but I think they’ve relaxed b school requirement so 4 years as associate + senior associate and you get promoted. Believe they pay for b school so not sure why you wouldn’t take the time off and travel the world though
I'm actually interviewing as a lateral hire after 3 years of PE experience...does that mean I'll have to do 1 year before I know whether or not they put me through a career track? B school paid for sounds pretty appetizing...but not sure if I want to apply at this point vs. going straight thru. Let me know easier to PM...
Odit quisquam necessitatibus velit optio dolores. Veniam magni quisquam et consectetur voluptatem perferendis. Fugit debitis reiciendis alias sed ex corrupti ipsam rerum. Necessitatibus eaque id rerum ut et. Minus nobis suscipit sapiente aut dolorem. Qui quia illo quia in.
Sed est veritatis optio totam laudantium. Sit magni qui est quae odio illo eaque. Voluptatem laborum quod dolores non sequi quidem vel. Dignissimos provident quas ullam numquam.
Ut qui quia autem natus vitae. Suscipit quaerat earum quod occaecati. Cumque placeat nisi velit. Dignissimos rem molestiae vero facilis debitis sed. Vel est reprehenderit fuga praesentium laboriosam dolores explicabo.
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...