Am I fucked?

Incoming An1 at a mid-BB (Barc, Citi, BofA) in the REGL group. Realized I want to do corporate PE and not REPE

Is it possible for me to get a UMM offer for corporate PE? Should I lateral to a more general group? 

2 Comments
 

Based on the WSO Dataset, transitioning from a specialized group like REGL at a mid-BB to a UMM PE firm focused on corporate PE can be challenging but not impossible. Here are some strategies you might consider:

  1. Networking: Start building connections within the industry. Reach out to alumni, use LinkedIn, and attend industry events. Networking can often lead to opportunities that aren't advertised publicly.

  2. Lateral Move within IB: If possible, try to lateral to a more generalist role within your current bank or another institution. A position in M&A, for instance, would give you broader exposure and make your profile more attractive to corporate PE firms.

  3. Skill Enhancement: Continue to hone your financial modeling and valuation skills. Consider enrolling in courses that enhance your understanding of corporate finance and private equity.

  4. Recruiters and Headhunters: Get in touch with recruiters who specialize in private equity placements. They can provide valuable insights and help you navigate the recruitment landscape for PE roles.

  5. Consider Smaller Funds: While UMM PE firms are highly competitive, don't overlook opportunities at smaller or emerging funds where you might get more hands-on experience and responsibility.

Remember, each move should be strategic and align with your long-term career goals.

Sources: Not in the better groups. Advice on whether or not to lateral into a better group for PE recruiting?, https://www.wallstreetoasis.com/forum/private-equity/just-broke-into-ib-as-a-lateral-how-do-plan-my-move-to-pe?customgpt=1, PE Lateral Recruiting Advice/Stories/Help?, Capital Markets Analyst Trying to Lateral--Advice?, MM/UMM PE Analyst Exits

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

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