Q&A: M&A to PE and the Importance of Mentors

European national living & working in London since 2014. 4 years IBD, 3 years PE & Special Sits at a US-based fund. Happy to answer any questions.

Provocative thought: I think young bankers have it all. A job without risks (sitting at their desks moving fingers on a keyboard) with a salary almost all new grads can dream of. However, they complain because the privilege does not sink in. I have seen a bunch of new analyst classes and they all make the same mistakes, complain for the same reasons, change job too quickly and end up regretting it. My 2 cents: you need to find a mentor, i.e. a senior professional with whom you can connect for whatever reason (same nationality, same interests, same favourite drink?) and build a long-lasting relationship, ideally a friendship.

I found my 1st mentor during my 2nd analyst year: a Director in the team, he later moved to a corporate; after 6 years we are still in touch on a weekly basis. I found my 2nd mentor during my 3rd PE year: a senior MD. When I wanted  to jump onto the buyside, I interviewed with tons of shops: I did not know any of the people but I always asked my mentor's view of the firm and specific individuals. I (and you, junior banker reading this post) are too young to know people's reputation, but your mentor will have a view, they have just been around longer. 

WSO Mentor

Want to work with me? Check my profile here.

20 Comments
 
Most Helpful

Started July 2014 as Analyst 1 (no internship before). Promoted Associate in July 2017. Moved to buy-side in October 2018. Promoted VP in February 2020.

Not sure I understood the “stand out part”. The career path in IBD is written in stone so no room to stand out there. If I have to pick an achievement is getting VP promotion after 2y in the buy-side, though getting promoted fast can easily backfire if it’s too early. It’s better to be Associate for 5y than VP after 3y and getting fired 1y after that. 

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 07 97.9%
  • Guggenheim Partners 01 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 03 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”