considering a fund accounting position at PE firm, how likely are internal transfers?
So I am currently an auditor at a public accounting firm. I am interviewing at a top 20 PE fund for a fund accounting position. I am wary of it as my end goal is to become an analyst and I am unsure if this an internal transfer from a accounting position is possible within such a fund. I went to a non target undergrad for accounting and went to a known but non target i would say ( baruch zicklin) for my masters in quantitative methods & modeling. this firm does say that I will constantly be exposed to the team as I am on same floor as them so i am sure i will build connections, but how realistic is it to go into this and working towards hopefully making a transfer within to an analyst position a year or two down the line? Fund accounting is definitely not where i want to be, and I would rather stick in public for a few more years to senior and try my odds again if there is absolutely no chance. Any help is appreciated.
background : first generation college student, never really learned the ropes until it was too late. learning how to network now but no real leads.
unlikely
Do you have any suggestions on how i would enter a analyst role externally? ive tried to go through recruiters but it seems they all require a few years of experience.
Please don’t go into this job thinking you can internally transfer into the investment team. Frankly, I have never seen it done during my time in PE. To be honest, you would be setting yourself up for disappointment.
At your stage, I would think the best path forward is probably to join an investment bank as a 1st Analyst and recruit for PE from the traditional channels or get an MBA and become an Associate in investment banking. At that point, it may still be a tough shot but you’ll have relevant experience.
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