We are all aware of the process of 2 years as an IB analyst to PE.
I've been a bit confused here because I've actually seen PE firms that have this requirement of 2 years IB experience, which are for a 2-year program at the PE firm itself.
In this situation, would the PE firm only be expecting to have this analyst for 2 years then leave for an MBA or other firm? Also, how common is this practice? Thanks.
I thought it was common knowledge that many PE funds have as standard 2-3 year Pre-MBA programs. I guess I was wrong. So, I can't believe I have to do this, but:
2yrs IB --> 2-3yrs PE --> MBA or --> HF or --> VP at another PE firm or --> whatever else floats your boat
I feel like this should be a standard and open disclosure by recruiters, but it is by no means clear (maybe others have different experience). A lot of people on here make posts discussing their CAREER in PE after getting into a BB. Now it seems like a certain career is not possible if you do the 2 years in IB then 2-3 years in PE when a "career" only begins after the MBA. When I hear "career" I think of a long-term job. One that you would not have to necessarily change firms in a matter of 2 years.
This was very helpful as I feel that it may not be clear to more people than you think. A firm was nice enough to clarify this a bit, where recruiters do not touch on. You went the extra mile and gave me all of the information that I needed.
Mind if I ask what career path you took?
I did 2yrs banking, 2 yrs PE then HF. I switched not because I had to (I should clarify that many PE firms also let you stay on a partner track if you're good - say in the top 5-10%) but because I fucking hated PE.
@mrb87 What was it you hated about PE and now prefer (hopefully) at your HF?
Qui fuga recusandae et placeat eos soluta enim et. Molestiae nihil et non quibusdam aliquid ut et autem. Ut at dignissimos aliquam exercitationem ea est similique. Ut vel tempore sunt.
Repellendus aut totam impedit porro sequi. Ad earum accusantium et magnam repellendus. Assumenda id eos aut error voluptas.
Qui possimus dignissimos provident sed et illum dolorem amet. Fuga saepe facilis ex tempora. Autem repellat beatae dolorem deleniti quo reiciendis quod.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...