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I go to a school with alumni at almost every major PE firm.

Going to be joining a BB after graduation as a first year banking analyst. Interested in PE after banking. Does it make sense to network with alumni the same way I did for banking positions or does it not matter because the headhunters are now the gatekeepers?

There are alumni at the big search firms too. Should I network with them?

Thanks for your help!

Comments (11)

  • HerSerendipity's picture

    Yes, you definitely should. The headhunters are just one way to get in the door. Alums at different funds may be part of the recruiting process (so you can circumvent an HH directly). At the end of the day, it's the fund that's making the decision whether to hire you or not. The more people you can get to vouch for you, the better.

  • ThaVanBurenBoyz's picture

    Definitely a good idea to go the networking route. I'm at the end of a process right now that started with me reaching out to network about 7 months ago. My contact told me then that they'll be raising a fund soon, and will be looking to bring in an Analyst once they hit a certain hurdle in the raise.

    At this point, they're talking to my references, and haven't even advertised the position (hopefully they never have to)!

  • CompBanker's picture

    As usual, HerSerendipity speaks the truth! I'll go so far to say that we prefer referrals over headhunters.


  • In reply to confused23
    CHItizen's picture

    I would say that what you know is wrong. Networking is not a mediocre strategy to get into IB. When I was involved in the recruiting process, the first resumes I pulled were those applicants who had reached out and had strong credentials. If you weren't quite as strong but had made a good impression and demonstrated interest in my firm, I'd often make case for you over some other applicant who might be objectively stronger but had not reached out.

    As for PE recruiting, I would say that it's a lot more variable. With some firms, it doesn't matter how much you've networked - you HAVE to go through the headhunters. On the other hand, many other PE firms recruit 100% through referrals (don't have to pay the headhunters), so you can get in through networking or sometimes through a senior banker pulling for you.

    So in short, yes networking helps, but maybe more so at some firms over others. At the very least, it can't hurt, so go for it!