How often do ppl transition from CorpDev to PE at a more senior level (say 3-5 years post MBA)? Do people want to make this change at all? Or it is better to have a good paying job and better life than to make tons but have no life in PE (compared to a 50 hour week)?
Another Q: How often is a corp dev role mixed with a bus dev role (2 in 1)?
I am guessing it is more common at smaller companies than at the giants. Anyone? Any info on this?
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My take
I have often asked myself if the transition from CD to PE is possible. For megafunds I think this would be pretty rare but I'm sure it happens in the middle market. If you take the time to read the bio's of private equity people on their websites you will see that many come from backrounds outside of banking. The question of whether X Job can possibly lead to PE is constantly asked on this board and the response is usually no. However, I think people don't recognize the fact that for the middle market, entry is possible from other career fields.
"If you take the time to
"If you take the time to read the bio's of private equity people on their websites you will see that many come from backrounds outside of banking."
Yeah, like former prime minister? Seriously, the backgrounds of people who come in at the partner level are all over the place, but we're not talking about a candidate with years and years of impressive experience here.
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"Seriously, the backgrounds
"Seriously, the backgrounds of people who come in at the partner level are all over the place, but we're not talking about a candidate with years and years of impressive experience here."
Your exactly right. We are talking about pre-mba and post-mba associates. They have bios on many PE Fund websites and yes some do come from backrounds other than Banking and Management Consulting. I am referring to middle market funds. I spoke to an MBA student at Wharton a few weeks ago who worked in Transaction Services and he said that 3 out of 6 members of his transaction team left the firm for private equity, and not some bullshit controller or accounting job.