Hey everyone,
I'm a first year MM IB analyst at a Southern firm. I love my firm, but really look to get to Chicago for a buy-side opportunity, as I grew up around there and really want to end up back up there before I plant my roots somewhere.
Interested in PE / HF at the end of my analyst stint. Does anyone have any advice on making this happen in Chicago, coming from another city? Thanks for any advice.
| +86 | Nothing to do at work & bored to hell | 9 | 13m |
| +67 | Do people over-index on 'moats' | 20 | 22h |
| +51 | Predicted Net Worth in Trodden Finance Path by 60? | 20 | 17m |
| +42 | Biggest (avoidable) failures in PE Investments? | 23 | 1d |
| +38 | Why is ROIC never really a topic when looking at companies IRL | 11 | 3d |
| +26 | SGE Final Round (Investment Summer Analyst) - Case Study & Technicals? | 13 | 6d |
| +19 | Senior IR Lifestyle | 3 | 5d |
| +12 | How to approach Buyside Recruiting | 3 | 4d |
| +12 | NY LMM PE Recruiting | 3 | 18h |
| +12 | Honest opinions needed about lateraling | 4 | 1d |
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.
PE in Chicago is a pretty small set compared to most other cities of similar "size" because there's not really a particular angle - (SF has tech, Houston has energy, NYC is NYC, etc.) Also, a fair number of larger firms have gone zombie/are no longer investing. Most bigger firms use a HH. Chicago also has a lot of smaller firms, and many of these firms don't use a HH and rely on referrals (so maybe think about networking... though this didn't prove all that fruitful for me). There's also a resume book that goes around, and some people have had success from it: http://peachicago.com/about-pea-chicago/. You might also take a look at private debt firms, as there are a couple of those. Also, there are a fair number of family offices that do PE style investing, like the Pritzkers and the Crowns if that's your thing.
Not sure about HF recruiting except that there are a number of larger ones (Citadel, JHL, Balyasny). Be prepared to run an investment pitch by a recruiter if you say you're interested, otherwise they won't forward you on.
At the end of the day, Chicago is really a trading town. There are a fair number of buyside opps, but the problem is finding them so you'll probably have to do some more legwork than someone who's not based out of Chicago. You'll likely come across a bunch of firms that you've never heard of.
Dolor ad debitis qui fuga et. Delectus et debitis sapiente porro nulla sed optio ipsum. Iure praesentium nihil rerum id. Et repellat maiores qui sint quia harum laboriosam.
Qui sit nostrum ea veniam numquam. Eius nihil ex doloribus minima est amet. Praesentium facilis minus dolor exercitationem rerum nisi.
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...