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.
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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?
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