hey guys, im currently working in PE (mid size 200millAUM) and want to switch firms.
i havent gone into bschool and dont have undergrad finance experience, or worked at an ibank. i have just under a year of exp in PE so im not familiar with the traditional recruitment process that occurs.
could someone please describe the recruitment process e.g. month-by-month breakdown of when they start recruiting at ibanks and large PE shops (Blackstone, GS-PE, TPG, Carlyle etc)
also since im not in school, how do i get interviews at these ibanks and PE shops (or do they only recruit?)
very much appreciated.
thanks!
Start reading... 1. http://www.wallstreetoasis.com/frequently-asked-questions/getting-a-job 2. http://www.wallstreetoasis.com/frequently-asked-questions/industry-spec…
its ok if i reach out to recruiters? Do people normally do that?
[quote=chicandtoughness]Start reading... 1. http://www.wallstreetoasis.com/frequently-asked-questions/getting-a-job 2. http://www.wallstreetoasis.com/frequently-asked-questions/industry-spec…]
Definitely reach out to recruiters. I'm not sure about your experience at a PE shop as small as 200mm but people from PE frequently jump to other PE shops.
Going to the sellside happens too but you really have to answer why you want to work more hours and if you can handle the work. It might be harder for you to enter banking because you haven't done it before. The very few that return to the sellside have usually done 2 years of banking, went to PE, hated it, and was able to spin that and use their old connections to return to IBD.
In your case I think you should look at other PE shops. However, expect mid market to lower mid market type shops. It's very hard to go from even a mid market to a megafund. However you may be able to upgrade and get into a more well known or bigger mid market shop.
To answer your question, megafunds recruit at different times each year, but they all go together and relatively at the same time and all use the top headhunters. It's going to be hard for you to get a top 5 headhunter to send your resume through when they much rather send the GS/MS/elite boutique guys first, or laterals from other megafunds/top mid markets.
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