What kind of exit opps with MM PE firms can I expect after spending several years in DCM (analyst program and associate if opportunity is there) with a MM in the mid Atlantic region (Philly)? Dealing mostly with investment grade debt but also some high-yield. Would I need to go the MBA route to move into PE? For the record, I'm not interested in mega funds.
Trending Content - Investment Banking Forum
| +308 | Evercore Intern Seizure | 42 | 22m |
| +56 | JPM M&A is Gone??? Purely Coverage Banking??? | 24 | 1h |
| +55 | Is DCM actually underrated ? | 22 | 2h |
| +47 | Are all Tech / TMT groups sweaty? | 37 | 38m |
| +45 | Losing my personality in Banking | 8 | 1h |
| +39 | Am I behind? 31 Year Old Analyst | 9 | 2d |
| +39 | Associate & Above IB exits | 16 | 2d |
| +31 | Incoming IB Analyst: Best Ways to Prepare? | 8 | 2d |
| +27 | Which groups are ideal for laterals? | 11 | 20h |
| +26 | Technical question prep for FT recruiting | 5 | 4d |
Career Resources
For the record, this bank does not have a LevFin group so the DCM group handles any of that
If you're I Philly, PM me. I'd recommend a firm to you.
Look at LBC or any of Ira Lubert's investment groups
Sounds like a good plan. I wouldn't do an MBA. Sounds like you can lateral direct once you've done a few years.
If you didn't go PE pre-MBA, it's going to be a lot harder post-MBA.
Philly's a little different for PE. There's a little less of the direct and formal route (top ugrad->M&A analyst->PE pre-MBA, etc, although that definitely still exists and the town is full of Wharton folks) than NYC, and it's really almost about getting lucky and finding a fund that's hiring when you're looking. Check out Graham Partners (Steve Graham's a really good guy), Milestone, Lubert's multiple funds (although I heard from someone in real estate that he's having a hard time raising his next round of money but I have no idea if that's affecting their PE side-Ira's a bit of a dick also), Eureka Growth (smaller deals but good group of guys-I know earlier this year they were looking for another junior person but I have no clue if they filled it), SIG has a PE arm but they're mostly tech deals so I don't know if a debt background would fit, Versa (I don't know much about them, I think they do mostly restructurings/bk stuff) and a few others. That's off the top of my head on my pohne (there are a few others that I just can't think of right now), and there are more than you'd think, but not dozens. And if you're in the area they tend to be a little nicer than NY PE firms, so cold emailing may work.
Fyi, heard Versa is having some fundraising issues. Bunch of their jr/midlevel guys are looking to jump. (I've screened their resumes.)
Dingdong, you seem fairly knowledgeable about the Philly PE landscape. Would you mind if I PM'ed you more info?
Yah, ton of smaller ones. Boat house, newspring, Guardian capital, etc. I'd suggest going to an ACG event or a TMA event. All the players are there. PHL is all about relationships so get to know the players. Very willing to look at non traditional type candidates as long as you know how to do your job.
Similique eveniet et ea officiis voluptas possimus sit alias. Eligendi dolorem non sed sed maxime error inventore. Illo iusto dolores fugiat exercitationem nihil. Voluptatibus cum sunt non quam quis. Beatae architecto maiores perspiciatis atque earum. Delectus voluptas provident aspernatur quos vitae perferendis. Sit quo consectetur qui eaque in enim. Iusto delectus enim culpa est nihil.
Ipsum non dolor nulla asperiores quia est ut. Enim ea vel laboriosam autem fuga earum quo iste. Culpa sed qui accusamus rerum. Laboriosam velit voluptatem ut adipisci aut autem aut.
Et quidem laboriosam consequatur laboriosam sed reprehenderit consequuntur. Nihil maiores dolorem unde aut dolorem.
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...