Bain PE analyst
Hi,
I have an upcoming first round with Bain Private Equity. Would anyone mind sharing with me what the interview is like/might be like. This is for an analyst position out of undergrad. Also, any information about what the work is like, culture, compensation, and what people do after a couple year would be awesome.
Thanks
I had one with Sankaty Advisors, the debt HF division of Bain Capital. Because they come from Bain/consulting background, their interviews are all case interviews. So I suggest you brush up w/ Case In Point.
If it's for private equity, i would be surprised if they asked consulting case study questions. The questions you're asked will most likely be much more similar to the types of questions asked of investment banking interviewees, such as how the three statements link together, the different valuation methods, etc.
In addition to those, you should have a view on investments (e.g. what makes a good investment, what makes a good company a good company, if you could invest $1mm, what would you invest in, etc).
If you do get a case study, it could be a consulting case, but more likely, it will be a case study in which you will have to evaluate a company and give a recommendation on whether it is worth purchasing or not. Also, another common spin on that is to give you two companies to evaluate and have you defend which is the better investment.
For a first round interview though, probably won't get asked the case study or any difficult technical questions. Most will probably be questions around your background, internship experience, college education, extra curriculars... and a mix of behavioral questions.
Bain Capital's PE Group (Originally Posted: 11/21/2010)
I know they take almost all consultants with 90% or so coming from Bain, but how viable is it to move from a top bulge bracket/elite boutique over there? Sounds like a stupid question but on the website I found almost no bankers on the PE arm, literally maybe 1 or 2 from GS/MS and that was it.
well based on what you said I think it's pretty clear...very hard to get in if you are a banker
I was talking to a guy who works for them in Shanghai and he said it's pretty much 100% Bain kids... no bankers.
That was only for the China office / side though... not sure about other offices.
I doubt you're at a top BB or elite boutique because no one cares about talking to recruiters about Bain.
Why not take a look at the other 99% of PE firms (including KKR, Carlyle, Blackstone, TPG, Apollo, Warburg, etc.) which is all bankers.
Indeed, you are an idiot who asks stupid questions like "is M&A useful?"
//www.wallstreetoasis.com/forums/does-ma-actually-help-companies
I'm guessing you're about 17 years old so I suggest focusing on your graduation and internships first.
boutique-- is m&a useful is a legit question, just look at the tons of studies out there showing shareholder value loss after b/c of culture clashes/integration, etc.
and i am interested in bain cap b/c it's one of the few megafunds where associates focus on both operational work and portfolio improvements as well as transactions, unlike say at KKR where associates only do modeling as the capstone team takes care of operations
Still doesn't change the fact that from your past posts you are either
A) a consulting troll or B) not yet entering a boutique MM but have an offer there
http://www.wallstreetoasis.com/forums/which-is-better-for-pebusiness-sc…
60% from consulting, 25% from finance, official source.
How come every time i see "boutiquebank4life" he's acting like he's got his head stuck inside his ass?
If someone wants to know what I'm talking about, just click on his profile and search for his recent comments, it's just insults and provocating and shitty attitude.
You need to calm down and start behaving like a normal human being.
I swear the more he posts the more he seems like a troll.
Steinig thanks! what about the other 15%? I assume those are laterals from other PE firms?
@boutiquebank4life, don't want to give away who I am but I can PM you if you are interested
@machinegunfunk:
Very, very few laterals. Bain always looks to promote from within, given the fact that analysts/associates from other firms aren't as familiar with the operations and portfolio side of things, as you pointed out. Bain has an analyst program that they will hire associates out of.
Let me clarify a bit, when I say 25% from finance, I meant top BB/boutiques. Then you have the other 15% from various backgrounds: PE, other consulting practices, MBA-transfers, even industry to a lesser degree. It's tough for PE lateral, but not impossible. This also depends on your level of entry. For entry-level monkeys, lots of focus on previous work, so I'd guess lower % of "other" category.
Don't be so focused on the numbers/percentages, because everything depends on your own background and accomplishments. And needless to say, you have to be a superstar in your previous works (or have the connections) to get a shot.
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