BB > EB > MF - Question About This Progression
I'm at a point where I'm fortunate enough to have just completed a summer of IB at a BB and I have signed on to do my junior summer at an M&A EB. Given how accelerated PE recruitment has gotten, I just wanted to get some advice on how to approach recruitment to go directly into a MF after my junior summer or is it worth to stick it out for a couple years and go the traditional on-cycle recruitment for PE. Any insight into this would be greatly appreciated!
Congrats on being diverse and/or a woman, and congrats on the future MF offer!
Dude I’m just asking a question - I understand your saltiness but people who react like you do is why IB is toxic
If you’re not getting offers, focus on what you can change about yourself instead of crying out and looking for reasons why you are not where you want to be
Jokes/saltiness aside, are there any firms that do Sophmore summers for white males with no legacy or connections? Already in a BB, but I came from an upper middle class, non-business family and went to a public school. Had a nice childhood growing up, but felt like I was fucked right out of the gate once I turned 18. Getting a junior internship, much less a sophomore one, was a fucking nightmare.
Are you at a target? Unless you have OCR, this is a pretty difficult path even with 2 IB summers.
FT MF already has very few spots, andthey fill a large number of spots from their intern class (sometimes junior, sometimes target sophs who come back for FT) - also, your EB offer will likely be ~2 weeks to accept, that's a pretty tight timeline to try to nab a FT MF offer.
Oncycle is a complete shitshow, but if you can be prepared for how early it will be and spend a part of your senior year prepping, you'll have a decent shot at MF especially if diversity. There's few diversity oncycle efforts, maybe a diversity coffee chat or two, but ngl if you are visible diversity you will just inherently get a leg up in some processes. Just the way the world works - embrace it if you fall into that bucket
Thank you for this! I am at a target but this really helps as to how I should approach recruitment - I think trying to rush to get FT might lead me to be underprepared and potentially fuck it up while taking my senior year to prep can give me more optionality going forward.
Went BB Sophomore year -> Better BB Junior Year -> Signed MF FT offer. MF FT is definitely doable and is becoming more and more common as all the large MFs have expanded their analyst classes over the past few years and set aside larger portions of their associate classes for organic promotes. You definitely have to start networking in the spring of your junior year for FT MF recruiting, and having some alumni at the MFs you're aiming for helps out significantly as well. Also, having a top background is basically necessary as well (target, high GPA/test scores, top EB or BB internship), given the competition. Otherwise, I felt like MF recruiting was pretty standard in terms of process compared to IB recruiting.
Okay so there is still some hope! But damn, looks like I have to start getting to work if I want to land MF for FT - thank you for the insights tho
Are you at BX/KKR/SLP/WP PE analyst program? If so, wondering if you could provide some insight into how to prepare for MF FT recruiting? I’m target non-div who did Sophomore BB and will do Junior EB, and also trying to get ahead on MF FT recruiting to avoid the on cycle crazinesss
Yes. MF FT recruiting is super competitive, so absolutely make sure to network, and not just with the juniors, but with the mid-level employees at the MFs you're targeting as well. Spend your junior spring preparing technicals so you won't have to worry about that during the summer. Be ready to talk about your deals that you worked on during your sophomore year internship down to every detail (but obviously use discretion during the interviews - don't give up any non-public material information or anything else confidential).
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