No Name Boutique IB to PE Experience?
I recently finished my first year at a no name boutique IB and have started to look into moving into PE. My current shop focuses on lower MM M&A in consumer goods and is in a major southeastern city (Atlanta, Charlotte, etc.).
I was wondering if anyone here has successfully transitioned from a similar background (no-name boutique) to PE and if so if you could possibly share your experience / advice from going through the process. Thanks!
I Just managed to pull that off and I can tell you that it will be tough but absolutely doable. Here is the skinny on myself and how I did it:
In a nutshell, you probably will encounter some roadblocks when you go down the "normal" route but it's still possible by networking like a maniac and some luck - and if you really want it and you are willing to earn less at the beginning compared to your typical co-worker (Ivy League with honors and 2 years at a BB) or if you are willing to work for a tiny shop (not saying that's something bad)! Furthermore, be sure to polish up on your technicals, as they most likely will put even more emphasis on that given your background once you made it past the first round.
Hmm I see thanks for sharing your experience! If you dont mind me asking, what was your networking strategy (cold calling, networking events, conversation with your MD's, etc.)? Do you have any tips? Also, aside from the offer you accepted, were there any other prospects where you were able to make it past the initial screen?
For me, a lot of the firms I'm targeting are actually small shops since due to personal circumstances moving outside the city I currently work in isn't really feasible at the moment.
Sure! My networking strategy was heavily based on my personal network (friends and friends of friends). I guess my advantage is that the tech industry in the Bay Area is very tight-knit and once you know a few people, it's relatively easy to get introductions. Another strategy that was quite successful for me was using LinkedIn and targeted emailing - that's how I got all my other interviews (which resulted in another offer from a growth equity shop/VC that I declined to join the buyout fund). Here is the strategy I used for that:
From IB boutique to PE? (Originally Posted: 10/22/2016)
How difficult will it be to get an internship at a PE boutique when my only experience was a 3 month internship at an IB boutique? Also, is an internship at a MM/BB IB more beneficial than a small PE fund if my goal is to end up at a Megafund?
push?
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