2nd year out of UG at MBB I've got the chance to interview at BCDI as an associate.
I like their thesis and the people seem cool after a few coffee chats. Haven't formally started the interview process, but I wanted to get the perspectives of WSO on this fund, specifically:
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Based on the most helpful WSO content, here’s what you need to know about Bain Capital Double Impact (BCDI) and similar funds:
Work-Life Balance (WLB):
Compensation:
Culture:
If you’re drawn to their thesis and have had positive coffee chats, it sounds like a promising opportunity. Good luck with the interview process!
Sources: Megafund PE -> Impact Investing (IFC World Bank)? Am I Crazy?, Private Equity shops with the best work/life balance, WSO 2022 Investment Banking Work-Conditions Survey (Part 1/3), Information on BofA FIG, How to Diligence Firm Culture / Determine Fit (Post-MBA / After 2-Year Program)
Bump
I’m in talks with a firm that does something similar to Bain Capital's Double Impact but focused on the philanthropy side as well as investing within a specific niche.
This is what I am expecting: Mentally, I have been pushing myself to demonstrate the level of work expected by the front-office team. If it’s a mega-fund, I need to operate at a mega-fund level of thinking. I assume I would be working weekends depending on the nature of the organizations you work with—for example, if they run programs or services on weekends.
Secondly, I don't know what the compensation for impact funds is compared to general funds, but I am expecting a competitive salary relative to the cost of living.
Finally, if I work with the front office, I imagine that the rest of the team will follow your lead regarding social behavior and professional conduct when interacting with organizations. I hope these points are helpful.
Thanks! To be clear this would be an investing role. So "front office", not flagship.
Maybe, I'm treating this as an front office opportunity because I’m from an non-target school. So I’m treating it an front office job, that why im preparing myself try to meet the standards of front office role.
Also I’m super fortunate that the firm I’m talking to invests in strictly in area’s where I really jelly with, So I want to give it my more then absolutely all.
Bump/update: made it to the second round, people seem great. Can't get a great read on WLB.
Did you end up going through the full process? What was it like, and did you end up getting an offer?
Might end up engaging with their 2027 associate recruiting process. Thanks!
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