Answering questions about private equity.

What was your previous experience? What do you think about you helped to land your offer?

Major, Starting comp, expected bonus, signing bonus, interview questions, how did you even land an interview? etc. ALl would be helpful.

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I would definitely like to hear more about getting into PE from undergrad.

I'll make it even easier. PE from MBA, non-target, own-business entrepreneurial experience only. Thanks in advance.

p.s With R.B.C. I'm assuming you're in Toronto?

I'd like to ring in as the third person who'd like to hear about how you went from undergrad to PE.

Thanks.

I wanna know what its like to work for a shitty bank. Seriously.

I cannot wait to hear the replies

AMT

bumppp, which office are you going to be at? have an interview with them coming up for their SF office. Mostly interested in hearing about the interview process! THANKS a $$$

soory. busy w/training

Hahaha, look at this clown. I guess he should work for a real bank like Lehman or ML. Oh sorry, they're gone now, aren't they.

Fuck out of here.

TheKing, I'm not the dude with 440 points on WSO. You can keep posting all you want, it's not gonna get your ass off welfare or the unemployment line.

"Fuck out of here."

Private Equity and Hedge Fund jobs jobs are notoriously hard to get, even more so than Investment Banking. I'll list questions.
1.What major should I get?
Q.It really depends. The consensus is Finance, or Economics. The same as Investment Banking. That being said, the Middle Market Prviate Equity Firms and Elite Private Equity Firms will accept liberal arts, english, philosphy, etc.
2.What is the Starting Compensation?
Q.It's very hard to get a Blackstone or Bulge Bracket Private Equity gig, and it's impossible to get into KKR out undergrad. But for MM PE firms, it's $60K-$69K salary. If a Private Equity firm offers lower than $60K, reject the offer. Unless it's a boutique. In a boutique, you'd get more exposure, but it'll be hard for you to move on up to TPG, Blackstone, KKR, because they automatically recruit at BB, top PE, Fundemental HF, etc. The signing bonus should be $10-$20K. The bonus should be 80-100%+, but expect small bonuses this year. For Toronto however, it should be signifigantly higher.
3.What was my previous experience?
I graduated Magna Cum Laude fomr Princeton, with BA Economics. I had a junior internship at RBC Capital Markets, and an SA position at Lehman Bros before the collapse. This should be noted: If you want to land a PE gig out of undergrad, you must have junior, and senior interships under your belt. An ivy league school is a small advantage, but most is very overhyped. A kid at Harvard, whom is lazy, and has no experience will get trumped by the State-Schooler with two internships and a good work ethic. But Junior, and Senior internships are required, if you want to last in the recruiting process. I had a 4.0, and joined Beta Theta Psi, a volunteer organization, and a sport.

how did you only graduate magna with a 4.0?

*summa

I call bullshit.

There's something sketch going on here. On the other hand, how exactly would you know about lifestyle, exit opps and networking if you just started and are still "in training".

Odd.

He also says he just got an offer... and now apparently is in training

Drama, there is an easy way to prove all of us doubters wrong by sending me an anonymous e-mail to wallstreetoasis@wallstreetoasis.com from your work account and gaining Certification.

...but this story does sound somewhat fishy.

I don't get it.. How's it fishy?

Yea... I picked up on the "just received an offer" and then "in training" discrepancy. I'm calling bullshit on this one as well.

NEVER lose your BlackBerry
www.conveniencesoftware.com

Complete bullsh*t.

1.) Princeton grade deflates like crazy - no way someone this dumb could graduate w/ a 4.0 (he obviously went to a Canadian school which grades on a 5.0 scale so he doesn't realize how difficult it would be to obtain a 4.0)

2.) PE gigs are NOT more highly chased out of undergrad than banking. only failures such as notyourtypicalbanker have to settle for a PE gig.

3.) No 4.0 Princeton grad would settle for such a sh*tty bank such as RBC.

4.) Princeton doesn't offer a BA degree. It, along with other ivies, differentiate themselves w/ A.B. degrees. No Princeton/Harvard/etc. grad would ever say that he got a BA from Princeton.

Here's the real story:
"I went to s sh*tty Canadian university, such as Queens/Ivey/UofT. Wanted to break into NY, but was unsuccessful. Had to settle for a sh*tty Canadian bank in a sh*tty division (PE is considered part of IM in major banks, which is a huge step down from IB). Now I post about my greatness and feign helpfulness to gain appreciation and acceptance."

This clown doesn't even know the difference between "real" PE and sh*tty, straight-from-undergrad, bank-arm PE.

I vote for IP ban.

I'm sorry, did you really just use an object in a subjective manner? What, they don't teach English at Princeton?

I'm sick of these kids who pretend to be smart, yet don't even know the basics of the English language. Your intelligence is conveyed partially through the manner in which you express yourself, and it's readily obvious from one's writing whether he is actually intelligent. At least people with half a brain (most bankers) discern relatively quickly.

do they even have beta theta psi at princeton?

keep it up b2, keep it up

this "drama" is more hilarious than the one from entourage.

Hard to top drunkenly puking on a sweet 16 birthday cake.

You know, generally comments that come out of b2 are just plain dumb. However, his bullshit call on drama is right on. Hilarious.

RBC Capital Partners (the PE division of RBC, doesn't have a tech-focused group). Believe me, I would know. RBC Venture Partners only has one analyst who did not graduate from Princeton. This is BS. Patrick, can you take this off the main page?

Have to admit, I would like to see notyourtypicalbanker try and backpedal from his attempted insult of a certified user for having a lot of banana points while he asks questions in other posts and expects to get intelligent responses...

If Drama proves he's actually in PE and from Princeton will you guys all apologize for being complete dicks?

No...seriously...

Isn't RBC winding down their PE fund? Why are they hiring more analysts?

typing "magna" rather than "summa" isn't a goddamn typo. that alone gives this idiot away.