Asking for advice – from BigLaw to PE

Hi everyone,

I’d really appreciate your thoughts on my somewhat unconventional career path and plan to break into a global PE fund (ideally a MF) in the UK/US post-MBA. Here’s my background and current situation:

  • Experience:
    • ~10 years of professional experience in M&A, including:
      • BB internship in the UK over a decade ago;
      • ~1 year at a leading local IB;
      • ~7 years at top-tier law firms, split between BigLaw and a #1 local player.
    • Extensive transactional experience with strong client-facing skills and network.
    • Significant transactional experience in M&A (buy-side, sell-side, mid- and large-cap).
    • Leadership roles in startups and business-related NGOs, showcasing entrepreneurial and strategic thinking.
  • Education:
    • Law and finance degrees from semi-target universities.
    • Ph.D. with multiple prestigious academic publications and international scholarships.
  • Pivot to PE:
    • Burned out in law and found it misaligned with my aspirations.
    • Spent 2+ years preparing: passed CFA Level III, completed modeling/valuation courses, and worked on building hard skills. Networked like crazy.

My situation

  • Currently on an off-cycle program at a MF in London. While this role builds PE credibility, it doesn’t guarantee a full-time offer.
  • PE opportunities in my home country (I'm from Europe) are limited, as the market has been sluggish. After 6+ months of recruiting:
    • Secured an offer at an international M&A boutique (think: Livingstone/Alantra/Cavendish/DC/Clairfield) following a combination of strategic preparation, targeted networking, and the managing partner’s recognition of my commitment. My determination and transferable skills were acknowledged, resulting in a mid-level role that allows me to build on my existing experience rather than starting from scratch.
    • In final stages for a senior analyst/associate role at a local mid-market PE fund.

Plan moving forward

  1. Spend 3–4 years at the boutique, leveraging its international presence to develop my skills (especially financial modeling) and build a global network in corp finance/PE.
  2. Pursue an MBA at an M7 business school.
  3. Post-MBA, target full-time roles at global PE funds (ideally MFs) in the UK/US.

Does this plan seem realistic for breaking into a global PE fund (MF maybe) post-MBA? Are there adjustments or additional steps you’d recommend to strengthen my chances, particularly transitioning from an M&A boutique?

I’d greatly value any advice or insights from those who’ve navigated similar paths. Thanks in advance!

4 Comments
 

Based on the most helpful WSO content, your plan to transition from BigLaw to PE, particularly targeting a global PE fund post-MBA, is ambitious but achievable with the right steps. Here’s a breakdown of advice and adjustments to strengthen your chances:

  1. Leverage Your Current Off-Cycle Role:

    • Your off-cycle program at a megafund (MF) in London is a significant credibility booster. Even if it doesn’t lead to a full-time offer, ensure you maximize the experience by building relationships, gaining deal exposure, and securing strong references. These will be invaluable for future applications.
  2. Boutique M&A Role:

    • The international M&A boutique role is a solid stepping stone. Focus on:
      • Building technical skills, especially financial modeling and valuation.
      • Gaining deal experience that aligns with PE (e.g., buy-side M&A, LBOs).
      • Networking with PE professionals through deals and industry events.
  3. Local Mid-Market PE Opportunity:

    • If you secure the local mid-market PE role, it could be a more direct path to your goal. Even if it’s not at a global fund, PE experience is highly valued and can position you well for post-MBA recruiting.
  4. MBA Strategy:

    • An M7 MBA is a strong move, especially for transitioning into global PE. Focus on:
      • Networking with alumni in PE and leveraging on-campus recruiting.
      • Securing a summer internship at a global PE fund or megafund.
      • Highlighting your unique background (BigLaw, M&A, entrepreneurial experience) as a differentiator.
  5. Targeting Global PE Funds Post-MBA:

    • Post-MBA recruiting for megafunds is highly competitive. To stand out:
      • Emphasize your transactional experience, leadership roles, and entrepreneurial mindset.
      • Prepare thoroughly for PE interviews, including LBO modeling tests and case studies.
      • Build a compelling narrative around your career pivot and long-term goals.
  6. Additional Steps to Strengthen Your Profile:

    • Continue networking aggressively, both within your current roles and through industry events.
    • Consider certifications or courses that further enhance your technical skills (e.g., advanced LBO modeling).
    • Stay updated on market trends and develop an investable thesis to discuss during interviews.

Your plan is realistic, but the key will be execution. Balancing your boutique M&A role (or mid-market PE role) with networking, skill-building, and MBA preparation will be critical. If you can secure strong deal experience and an MBA internship at a global PE fund, your chances of landing a post-MBA role at a megafund will significantly improve. Best of luck!

Sources: Q&A - Starting Post-MBA Megafund PE, Q&A - Starting Post-MBA Megafund PE, https://www.wallstreetoasis.com/forum/private-equity/going-from-mm-investment-bank-to-mega-fund?customgpt=1, Ask me anything - Non Traditional Background to MM PE to H/S/W, Moving from Asset Management into IB / PE

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 
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I’d have to agree with other commenter, MFs won’t like this. Idk about conversion at your MF (from what I’ve heard beyond unlikely) perhaps even try getting another MF internship lined up to increase conversion. Also consider, you wouldn’t be reaching a top role in MF even if you got there, you wouldn’t be highly regarded or considered equally in progression like your much younger counterparts (exponential trend to this as you become more senior); also what’s reasoning for MF, because if you want crazy comp, would you even have the time left to climb to a role that provides you with this required level? - Obviously not suggesting your going to die, but if you look at progression curve of seniors in recent years, it’s radically different (much flatter) than the trajectory of the current top dogs since the firm has grown so rapidly.

The banks you’ve listed actually drag you away from MF status… I see this as a disservice to your prestige path, perhaps roll the dice for a slightly better firm, especially if you want the top decile of PE shops down the line.

Back to PE, if you end up MM/UMM, this can still pay out if you stay til senior at a decent shop. I’d like to stress the position that not being from the trodden path puts you in. Either way, respect the hustle at your age, and as I’ve said on other posts if your crazy enough to believe something and work at it like a crazy man, perhaps you can be crazy enough to convince someone in the right position your the best candidate in the moment.

 

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