How much more competitive is PE recruiting than IB recruiting
Is PE really that difficult compared with IB. If I go to a mid/lower tier BB, what are my odds of getting into a mega-fund?
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Much more competitive. IB recruiting is a joke since no one really knows the industry that well and it's more networking/school. PE recruiting everyone's already in IB, been trained, and literally this is their career now.
Idk man I agree that the bar is higher but I don’t think analyst 1s just a few weeks/months into the industry are incredibly insightful, especially about the buy-side
Lol sure the kids 3 weeks into the job at PE interview talking about work experience "i got coffee, helped with printing team and sometimes spread comps"
You joke about this but remember that IB kids have gone through a few rigorous weeks of training so they at least have a pretty sound knowledge of the finance technicals. Whereas campus recruiting is still very much behavioral/fit especially if you got looped in a summer and then returned for full time...
Yes, all things said, PE recruiting is supposedly still amateur-level stuff but at least you're expected to know how to build a LBO model and understand some intermediate level accounting...
It's like comparing CHicago pizza to NYC pizza, when NYC pizza is much, much better.
Must not have had Lou Malnatis man
lol, I thought Lou was a notoriously rigorous TTS instructor, looked the name up and it's pizza
It's just a funnel. Few IB roles for tons of applicants, even fewer PE roles for the people already in IB. With that in mind, they just find more draconian ways of weeding people out.
Beside that the process is just way more challenging. You're making a full time job out of interviewing at firm after firm for a straight week while trying to balance your already considerable workload from banking. IB interviews are just bullshit hypotheticals and the assumption is that you're a smooth-brained moron that can maybe learn fast. PE interviews you have to actually get answers right, build out models, and display some amount of critical thinking.
I mean using athletics as an example - is it harder to make it to college basketball from high school or the NBA from college? I'm sure everyone would have their own opinion based on their circumstances.
It’s IB^2
Getting a phone interview in the UK for a PE fund is about as hard as getting an assessment centre for IB.
I would say 10-20x harder but GS over UBS won't make it easier like Wharton over Indiana does for IB recruiting.
is this true???
interested
sounds like you have no idea how competitive it is at a target like wharton
Funny because I attended HYP and 20% of analysts in my group went to wharton. I was also deeply involved in recruiting.
In IB recruiting for PE, everyone is already qualified (at least in theory), so you’re competing against people who all interview well, are smart, etc. There’s plenty of people who recruit for IB who are dumb and clueless, but for PE the talent pool is much stronger overall
IB: You PE: The guy she tells you not to worry about
Just kidding. The first step is to figure out what you want to do. IB isn't better than PE and PE isn't better than IB. It all depends on what you like as the two fields are very different.
PE recruiting is in general, more competitive than IB recruiting because you are oftentimes competing with top IB analysts, and there are fewer spots.
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