Do headhunters go to IB Capital Markets groups?
Do headhunters for PE firms come to IB capital market groups? Or just coverage groups?
Curious to hear from anyone, esp those in CM. Any answers +1 sb, thanks!
Trending Content
| +254 | Looking to raise a Billion Dollar Fund - College Junior | 37 | 1h | |
| +199 | It doesn’t need to be this way | 29 | 18h | |
| +113 | Biggest gripe in IB: people with no balls | 33 | 1h | |
| +85 | RBC M&A vs PJT RSSG | 14 | 1d | |
| +72 | What to expect during your IB summer internship and how to secure the full-time offer | 2 | 44m | |
| +70 | Career Bankers, Was It Worth It? | 38 | 2s | |
| +64 | Vanderbilt ($$$) / Northwestern ($$$) vs UF ($) | 34 | 11h | |
| +63 | Did I mess up by correcting my VP Publicly? | 20 | 21h | |
| +61 | I FINALLY DID IT, I GOT A FT OFFER! | 12 | 48m | |
| +50 | Feeling really lost in IB | 15 | 13h |
Career Resources
Bump
Following
Not traditionally, you don't gain the same modeling skillset as a coverage or M&A group and many in cap markets will lateral to traditional IB if they want PE.
You may get some inbounds, especially offcycle, for smaller PE roles and there's a chance you could go directly, but don't expect to participate in oncycle or MF PE opportunities
Have a a few questions re your comment on not participating in on-cycle. Do you mean that it will be difficult to get interviews in the first place, or that it will be difficult to convert those interviews because the skill set in a cap markets group doesn’t necessarily prepare you in the same way a coverage group does?
Im curious because im in a BB LF group that doesn’t model, but still works on a lot of sponsor deals. Granted it does take extra time/effort outside of work, but it seems like LBO modeling and modeling in general is something that you can easily learn on your own. If I were to take the time to learn that stuff on my own for off-cycle or next on-cycle, do you think that I wouldn’t get any interviews just by virtue of the fact that my group does not model?
Lev fin places the best of cap markets - I was thinking more along the lines of ECM/DCM where recruiting is kind of slim.
Depends what bank you're at, if it's BAML, JPM, or other top groups your exits will lean credit/debt focused but you'll be able to land vanilla PE if you're a strong candidate. Lower down the list I think your opportunities are mostly credit shops, which is still an interesting gig.
That said, learning to model on your own is not the same as living and breathing models for 2 years. Oncycle is so early that everyone is just learning how to scrub comps rn, but HHs and PE firms still know what groups will be fully model trained in 2 years. See what opportunities come your way towards off-cycle and if you feel your background is hurting you, can always lateral to a coverage group next summer for a better look at vanilla PE opps.
I'm in a DCM group at a BB and have received 20 headhunter emails this week
Thanks +1 sb. Would you mind giving a breakdown of which of those inbounds were for MF PE, UMM PE, MM PE, private credit, etc?
AN2 in an M&A group who spent his first year in a LevFin group (that doesn't model) and lateraled for better buy-side. I found that even though you still receive inbounds from headhunters, the headhunters definitely did not view my role to be at the same level, and while I went through recruiting and got an offer from a reputable MM PE firm that I turned down, I found that being in capital markets definitely puts you at a disadvantage in the eyes of PE firms. Obviously you have to spend a bit more time outside of work prepping, but asides from that, you also have to "prove yourself" more to the PE firms during the recruiting process with a capital markets background as they tend to not hold it as highly regarded as a coverage or M&A background.
Hey man mind if I DM you? Thinking about trying to make the same lateral move and would be interested to hear about your experience
Also in CM and received several inbounds this week, it seems as though it doesn’t get you crossed off any lists but you have to differentiate yourself in another manner.
Est ipsum quidem eaque velit. Et harum ipsum corporis distinctio impedit aut.
Libero illo vitae rem dolore. Mollitia provident animi optio unde totam reprehenderit. Harum quidem aut hic ipsam similique consectetur harum.
Maiores laborum aliquid itaque nemo. Eum libero neque in.
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...