IB and PE

Based on the most helpful WSO content, here's what you need to know about the recruiting process for IB and PE, especially as a diversity candidate:

1. Application Process:

   • Company Portal: You typically apply through the company's portal. However, being a diversity candidate might give you access to specific diversity recruiting programs or events.
   • Networking: It's crucial to leverage any connections you have within the firm or through your school's alumni network. This can sometimes lead to direct invitations to interviews or superdays.

2. Diversity Programs:

   • Many firms have specific diversity recruiting programs aimed at underrepresented groups, including Hispanic candidates. These programs often include networking events, mentorship opportunities, and sometimes even direct interview invitations.

3. Interview Timeline:

   • First Round Interviews: These usually start with phone or video interviews. For diversity candidates, there might be special diversity recruiting events that can lead to first-round interviews.
   • Superdays: If you pass the initial rounds, you'll be invited to a superday. Superdays typically consist of multiple back-to-back interviews with various senior members of the firm. For example, one user mentioned having 4 30-minute interviews back-to-back with Managing Directors, VPs, and higher-ups.

4. Timing:

   • General Timeline: For IB, interviews often start in late summer or early fall. For PE, the timeline can vary, but it generally follows a similar pattern.
   • Diversity Recruiting Events: These might occur slightly earlier or be integrated into the regular recruiting timeline.

5. Preparation:

   • Technical Skills: Ensure you are well-prepared for technical questions. This includes understanding financial modeling, valuation techniques, and other relevant technical skills.
   • Behavioral Questions: Be ready to discuss your background, why you are interested in the firm, and how you fit into their culture.
   • Logistics: Make sure to plan your travel well in advance to avoid any last-minute issues, as highlighted by the story of a candidate who had to take a cargo plane and an overnight bus to make it to their superday on time.

6. Post-Superday:

   • After the superday, there is usually a feedback session where interviewers discuss and rank candidates. This process can take some time, and you might receive a call later in the day or even a few days after the superday.

By understanding these steps and preparing accordingly, you can navigate the recruiting process more effectively. Good luck!

Sources: S&T Recruitment 2011: An Applicants Story, Q&A: I just conducted interviews in 4 Superdays, My FT Recruiting Process, What exactly happens after a superday?, S&T Recruitment 2011: An Applicants Story