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Entry level analyst in PE out of undergrad?
 

chicago__111's picture
O
(Baboon, 166
 
Points)
 on 6/15/11 at 7:53am

What are some of the tasks that an entry level PE analyst does right out of undergrad? A lot of modeling and grunt work? Any input would be appreciated. thanks

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HedgeKing's picture

Probably some MO type of

 
Points)
 on 6/15/11 at 10:21am

Probably some MO type of works. They don't have the time and resources to train you, and they can't hand you serious modeling works since you don't have any real modeling experience. What else do you expect? I suppose you may be asked to support fund raising, investor presentations, or generating reports for the clients.

dayaaam's picture

it really depends on the shop

 
Points)
 on 6/15/11 at 11:43am

it really depends on the shop - if its a sourcing model like summit, you will be doing a lot of cold calling just like the experienced hires. At a smaller shop, you will probably get more exposure to modeling and diligence, and at more established shops you can expect more support work.

chicago__111's picture

Cold calling the potential

O
(Baboon, 166
 
Points)
 on 6/15/11 at 12:52pm

Cold calling the potential firms you might invest in? Won't the firms come to us though?

Cries's picture

I'd expect a mix of

IB
 
Points)
 on 6/15/11 at 1:37pm

I'd expect a mix of back-office P&L, plus cold calls. They will probably give you the chance to break out of that mold and start doing real analysis, provided you show ambition.

Clarkey's picture

99 per cent of my time is

PE
(Gorilla, 567
 
Points)
 on 6/15/11 at 3:29pm

99 per cent of my time is spent on modelling and valuation work. If we have exclusivity on a deal then I'll spend time with Investment Directors and Partners talking to Management about projections.

I've never once been allowed to cold call a firm. If I come across a firm that might be a good Investment, then one of the Senior guys will get in touch with them, usually through the target's Advisors.

But, as some other Dudes pointed out, it all depends on your prior experience and the firm's strategy.

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