I am wrapping up month 6 in IB and have learned that I do not want a career in banking or on a deal team. I've zeroed in on PE BD as the path for me, as I love making relationships and genuinely enjoy talking shop. Would love to hear abt anyone's experience in BD, particularly at the junior levels.
| +72 | Does anyone believe their firm has a true competitive edge | 36 | 1d |
| +42 | Lateraling at senior associate / VP level | 11 | 3d |
| +27 | Do you regret doing PE? | 20 | 9h |
| +26 | Ares buying LGP...now what? | 8 | 14h |
| +25 | Imposter Syndrome: PE to Publics | 4 | 1d |
| +19 | Do PE VPs Always Have An Associate Under Them? | 12 | 11h |
| +17 | Francisco Partners Fundraise | 6 | 1d |
| +16 | GTCR vs BDT MSD vs MDP | 14 | 3h |
| +14 | Hours at MF Infra Funds in London | 1 | 20h |
| +14 | Setting the right LBO entry multiple without information | 3 | 3d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Based on the most helpful WSO content, here are some insights into Business Development (BD) roles in Private Equity (PE), particularly at the junior levels:
Role and Responsibilities:
Advancement:
Skills and Development:
Lifestyle and Fit:
Career Path:
For more detailed discussions and personal experiences, you can explore threads on Wall Street Oasis related to Business Development in Private Equity.
Sources: The rise of business development roles in the industry, Business Development Role at PE Firm, Banking and Business Development, Thoughts on PJT Partners?, HSW MBA w/ Banking&PE Experience Considering Banking Again
For junior roles it will mostly be covering the long tail of bankers / co-covering larger accounts with seniors and connecting the dots between sector investment professionals and industry bankers.
In addition to coverage you could also be managing the firm CRM to make sure all deals are accounted for, running data & analytics on monthly deal flow, and keeping track of firm & bank relationships to see who you have paid fees to and who to bring in for pitches.
You could also be doing a lot of research on thesis development & mapping out the relevant bankers for a new space depending on how the team is set up.
Are you in BD by chance? If so any chance I could get you on a phone call and ask some questions?
This is pretty spot on. Would just add getting to go to conferences / city visits after establishing some trust with the team. Best job in the industry imo.
How would you suggest going about getting a junior role?
Quos perspiciatis rerum perspiciatis voluptates provident tempore quas inventore. Voluptate cumque molestias vitae accusamus. Atque consequatur sit ut fugiat. Dicta neque est ipsum. Amet non ea eveniet tempore.
Velit dolor repudiandae ut sint ratione. Optio nemo molestiae dolor sed dignissimos ad. Laudantium necessitatibus enim aut nisi quos quas. Pariatur animi dolor rerum aut aut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...