Come from a non-target public university. Incoming IBD Sophomore SA at a top 3 bank.... Should I stick with the path of converting my sophomore internship into a junior internship and then to FT? Or should I try to make the jump to PE early/for junior summer?
Edit: I know that undergrad PE recruiting is on the rise and am wondering if this experience will put me in a good position to recruit.
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How and when did you get the SA offer?
Stellar networking during the lock down and into summer. Got my offer end of summer before school started up
Is this just a humblebrag or are you actually asking a question?
No no! I’m actually curious. Why would I go through an analyst program in IBD if I didn’t have to? With such good experience under my belt early in the game, am I in a position to recruit for PE out of undergrad (considering I’m not a traditional candidate other than my early IB experience). Sorry if I came off snobbish!
So are you black, a woman, lgbt, or all three?
Hard working and gritty.
Since when has WSO turned into such an incel forum where so many people think they'd be the next BX CEO if they were a black non-straight woman?
Please show me what I'm doing wrong as I've never seen uncompetitive free lunch diversity options being shoved over to me lol
At least have the decency to believe that he did it through his own grit and hard work!
Btw. congrats mate!
.
Depends on what you want. The PE funds that have analyst programs are all pretty different and have different pros and cons. It would be kinda rash to just assume you want to take a PE offer out of undergrad without reflecting on what you actually want to do with the beginning of your career. Also I'm sure it feels really good to lock down a BB internship for sophomore summer, but don't think this will make recruiting for PE analyst programs a walk in the park. There are a growing number of sophomore programs at top buyside funds that will produce candidates who are equally if not more competitive for those roles (Have seen resumes from kids with soph summers at Apollo, Ares, Oaktree, Starboard Value, Farallon, Blackstone, Baupost, Vista, and more -- not all diversity or gwi either). In addition, the majority of the PE analyst programs recruit heavily from a few feeder schools (Blackstone with Harvard/Dartmouth/Penn, Ares with Michigan/Penn/ND, Silverlake with Penn, etc.). Breaking in from a nontarget is extremely extremely difficult because those PE programs are 10x the prestige whores as investment banks and have more than enough kids that went to a top target and had a top buyside sophomore summer internship to choose from.
Thank you for the legitimate and helpful answer.
This is probably the best advice. I wouldn’t assume recruiting for a buyside role right out of undergrad would be a walk in the park since you got the BB soph internship. If anything those roles are even more prestigious and competitive and for even fewer spots. Why not focus on doing a good job with the internship so you can convert to a jr year internship and FT?
Could you say some other names. Thanks for mentioning them!!
Take a hard look at what you actually want to do before hopping to non-banking for junior summer. If you go to Blackstone REPE for your junior summer just because it's the MF you got an offer from, you ought to know that you're now going to be that "REPE" guy. Don't take a big name buyside offer just because it's a big name, take it because that's what you want to go into. I.e. don't take a GE tech analyst job at General Atlantic when what you really care about is Infrastructure PE, just because you got the General Atlantic offer. Otherwise, assuming you have an idea of what you want to do, I would definitely try to skip the IB analyst years
Can I PM you about sophomore recruiting, current Freshman at a target
If you want, though you’re already in a way better position than me being at a target! Biggest piece of advice is utilizing your network, especially at a target school where it’s easy to search a bank and the alumni who work there on LinkedIn. I don’t think I did anything spectacular besides have the right person vouch for me (which led to the interview) and a strong story of grit.
alpine investors hires str8 out of undergrad - check that fund out
Thank you!
DO NOT JUST CHILL. TRY TO LEVERAGE THIS INTO A PRIVATE EQUITY ANALYST POSITION AT A TOP FUND! A CLASSMATE OF MINE DID THE EXACT THING
WHY ARE WE YELLING
I DON'T KNOW WHAT WE ARE YELLING ABOUT
Make sure to wear whatever merchandise the BB gives you around campus in the fall to flex on your fellow peers
What UNI?
For what it's worth, Congratulations... Follow your dreams.
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