Chances for Top PE firm?
3.5 GPA from Top Private, 3.9 Major GPA (Finance)
Lower BB/Big Bank (UBS, BoA, Wells, Etc.)
Group: Top feeder, good reputation within bank (M&A, Sponsors, LevFin, TMT, etc.)
GMAT: 760
Experience: Good deal flow with group, a lot of modeling experience.
What do you guys think, should I go to a top MBA first and then aim for PE later or should I go for top PE firms as a 2nd/3rd year analyst? What are my chances?
Appreciate it, thanks.
My two cents: I would suggest you have a go at PE before thinking of B school. Reason being when you are coming out of your MBA you will be competing with kids who have prior PE experience. More PE shops are now looking for prior PE experience for post MBAs. It is not a definite NO if you have not had prior PE experience, but perhaps worth staying banking for that third year and trying your options out. Good luck!!
I'll echo acaan's comments. Even if you go to HBS you're going to be struggling to get a job at a megafund without prior PE experience. Given you have an option still, you shouldn't disadvantage yourself because you want to "jump the gun."
Thanks guys. I already have an "in" with a small PE firm around 500 million. What do you guys think of the bigger ones, does my stats look good? I will prob be able to get a 3rd year so I will definitely stay if I do not get a top PE firm (over 2-5 billion AUM).
Am I competitive enough once the market rebounds?
This one depends on what you are looking to do. PE is a wide universe. If your objective is to work for a bigger fund, then perhaps the current 500m shop is not the right place for you to be. If you want to do more of mid market PE then the equation is different. I am assuming you are a second year right now. The market does seem to be opening up as far as PE recruitement goes. If you feel that this is not what you would want to do and are positive on a third year then worth waiting. Also you should give importance to the team at whichever shop you are going to. Are they high calibre people? How well have previous associates / analysts fared? etc. etc.
I had no idea I was so right. (Unlike you, I don't go around searching for info to personally attack people.)
You're obviously down, and despite apparently being a fat and ugly man/woman/materialistic prestige whore, I'm actually a pretty nice person, not the kind to kick someone when they're hurt, so I'll try to help out:
I agree with everyone else, try to get into PE before business school. Beyond that, take advantage of the temporary thaw, network like crazy, and see if you can get a PE internship at a place with more AUM, even at expense of your analyst stint if need be, before business school. Between lower AUM PE and another year of IBD before business school, I'd go with another year of IBD if you're still aiming for higher AUM shops. Internships at a higher AUM fund would beat out both other options IMO, though. Once you've got your foot in the door, even with an internship, your job search will only become astronomically easier in business school. Good luck!
I didn't even finish my 1st year yet, my bad for not getting KKR! Most of my friends are college seniors and I'm trying to get them jobs since I graduated in 3 years (1 year early). I guess you are "totally right" though lol I'm totally dying here I need HALPZ from college kids like you. Please heelp!
I obviously pushed your buttons so thanks for the post. Relax and don't take the internet so seriously and I already got some pretty good advice from some senior bankers here but again, thanks for your concern (not sarcastic).
PS: Booz over Bain? Really? sigh
.
I'm jewish but thanks for playing. Yes, Goldman ftw indeed. I interned there last year, seems like you're following in my footsteps. PS: 23rd floor 85 broad, bit better than S&T imo.
He's a closet racist that has to work with 10 million browns/yellows at BOFA Merrill so he probably hates his day. Funny how you tell people to not take the internet so seriously when you pretty much got your panties up in a bunch when you thought I called you a douchebag. Make no mistake, I think you're a douchebag now.
.
Like I said I graduated early, I was a soph at the time and got a return offer but it was for an internship, and since I graduated 1 year early so I didn't take the intern spot. I think we got off on the wrong foot but good luck and hopefully you get a FT.
You have a chance at a top PE firm, but the fact remains that these shops still look for GS/MS kids before any other bank.
In addition (and just as a spurious side note) when I think of top private university, I think Harvard, Yale, Princeton, or Stanford. Maybe I'm wrong, but I don't think any one of them offer Finance as a major.
Thanks coolguy. I know nothing beats GS/MS (GS especially) when it comes to mega's like KKR but I'm looking at some reasonable size ones and not particularly the big fancy prestigious names. After 1-5 billion AUM I'm mostly looking at culture, fit, and where previous peers have went.
PS: What about Wharton and MIT? :)
Excepturi est pariatur animi harum molestiae. Est harum totam sint recusandae. Sunt qui aspernatur qui quia voluptate repellendus quia.
Omnis in qui inventore voluptatem et non nihil. Officiis ut eaque dignissimos exercitationem eum excepturi. Modi sunt autem consequatur at voluptatem magni. In qui nostrum numquam omnis voluptatem eos repellendus laudantium.
Consequuntur animi dolores hic tenetur eum rerum ullam. Sint est rerum nesciunt consequatur voluptas. Fuga dolores deleniti qui exercitationem iste. Officiis eligendi consequatur fuga fugit. Sit sit voluptas natus odit ut. Cupiditate voluptatibus omnis ea voluptates consectetur perferendis itaque. Voluptatibus est consectetur ad.
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...