Advice Needed: Starting Career at Smaller PE Firm
Reposting because my last post got no traction. I’m a sophomore in college and I recently signed to a smaller PE firm (2B AUM) as a 2025 summer intern. They have solid track record and have expressed that I have a path to VP+ if I perform (i.e. not gonna be a forced MBA). Comp is street. However, I am nervous about starting my career on such a small platform. I won’t have access to a large incoming class of interns and the firm itself only has a few dozen front office employees. What advice do you have on ensuring I don’t get pigeonholed?
Starting your career at a smaller PE firm can indeed present a unique set of challenges and opportunities. Based on insights from the Wall Street Oasis community, here are some strategies to ensure you maximize your experience and avoid getting pigeonholed:
Embrace the Niche: Smaller firms often specialize in specific sectors or types of deals. Use this to your advantage by becoming an expert in these areas. According to a post in the "Addressing the Dreaded 'Pigeonhole'" thread, specializing can actually differentiate you and make you competitive, especially if your industry faces layoffs.
Seek Diverse Experiences: Even within a smaller firm, there can be opportunities to work on a variety of projects. Express your interest in gaining a broad experience to your supervisors and take initiative to get involved in different types of deals.
Build a Strong Network: Networking is crucial, especially in a smaller firm environment. Build strong relationships with your colleagues and seek mentors within the firm. Additionally, don't limit your networking to just your firm; connect with professionals outside your firm to keep abreast of industry trends and opportunities.
Leverage Your Position for Learning: In a smaller firm, you might have closer access to senior professionals and decision-makers. Use this as an opportunity to learn as much as you can from them. Ask questions, seek feedback, and learn about the strategic decisions behind deals.
Consider the Long-term Benefits: Working at a smaller firm can provide you with a unique set of skills and experiences that can be valuable in the long run. According to the "MF PE is Paradise...LOL" thread, starting your career on a more established platform, even if smaller, can lay down foundational blocks for your career.
Maintain Optionality: Always keep an eye on how you can enhance your career optionality. This means developing skills and experiences that make you attractive to a wide range of future employers. According to advice from an advisor to senior Wall Streeters, maintaining optionality early in your career is crucial.
Remember, every career path is unique, and starting at a smaller firm can offer you rapid growth, learning opportunities, and the chance to make a significant impact early in your career. Embrace the journey, and use these strategies to navigate your way to success.
Sources: Addressing the Dreaded "Pigeonhole", Q&A: 3rd Year PE Associate ($10bn+ AUM, MBO/LBO, equity, mezz, distressed debt), To Those Who's Had A Successful Career In CRE, What Advice Do You Have For Younger Generations?, Advice From an Advisor to Senior Wall Streeters, MF PE is Paradise...LOL
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Would be good to include details. Is it buyout or growth? Does the brand of the shop have recognition in industry? What geography?
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