Chances at PE Recruiting?
Ignore title, I’m an incoming 1st year investment banking analyst at a MM bank in a coverage group. I’m considering doing on-cycle PE recruiting. Be brutally honest, what are my chances of getting a PE offer? I am graduating from a semi-target. Biggest issue is my 3.33 gpa. I have a 33 ACT. I’m content with going to a LMM PE firm. Will getting a high GMAT score help? Any advice is appreciated, thanks.
Bump
LMM shops don’t do on cycle.
On cycle mostly UMM/MF recruiting from top groups at top banks. But you can still get your foot in the door by speaking to headhunters.
No need for GMAT; your ACT is a good score and 'checks the box' on anyone concerned with intelligence. Just be armed with an honest story around your GPA, and I think you'll have limited issues landing a MM slot, assuming you're at a decent bank.
As I've detailed in other threads, I lead recruiting at my firm, and I look at GPA and test scores together. At least one needs to exceed my rough mental thresholds to advance. If both are poor, you're probably out, but in your case, test score generally assuage concerns, minus I'd want to hear your GPA story to make sure work ethic isn't an issue.
Our partners instruct us to put a 3.8 cutoff given grade inflation on gpa or 3.7 if hard science major plus Latin honors and 99%ile test scores. It's not the fairest but only way to cut pool to manageable level
This is the dumbest thing I ever heard
What's nuts is still leaves me with 30 kids per slot to choose from
I had your exact stats, except 3.26 GPA. I made it. Gotta crush case studies, networking did not help me
Why do you think that networking didn’t help?
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