Does My MFPE experience carry weight? (Warburg/BX) as associate in Mumbaii, India
2Y as associate in BX/WP after my BCG stint. Planing for bschool in H/W. Heard it's tough for Post MIBA to break in w/o prior PE experience but I have a geographical disadvantage. Not even targeting MF but UMM/MM. Had learnt even post Bschool ->IB associate ->PE is tough.
Does prior experience albeit in different geography carries weight? Global funds are very active in India investing across sectors.
To be blunt, no, I would trust the quality of training more and would rather hire from a US-based LMM/MM fund. The only time I know of people expressing positivity about hiring from India-based funds is when they're also an India-focused fund or plan on targeting some other emerging market.
Yeah this is the the unfortunate truth. Lots of perceptions of less rigor and more blatant nepotism (whether true or not). Maybe a bit diff if IB stint was done in the US, but w/ consulting as the pre-PE gig, will be a really uphill battle. And that's not even taking into account potential sponsorship considerations.
The unfortunate reality is the combo of 1) your mf experience in India and 2) the mba is less valuable than a 24 year old at a top US bank for high finance recruiting in the US
It carries more weight than AT LEAST Tobin & Co.
WSO hates Indian people, you probably won’t get helpful responses on here
weird ass response
Hate to break it to you kid but that isn't unique to WSO
I work at a fund where we have a lot of Indians as senior leaders; and even my firm would rather hire someone American-based with worse brand names on the resume over someone with Indian experience. There is a huge nepotism and corruption problem in India that most people are aware of. Whether right or wrong, the perception of anyone in Indian high positions is that they got it from nepotism or corruption.
Being Indian is a huge plus for promotions at some funds in the US if you can make it here. There is very clear nepotism towards Indians by other Indians or Indian-Americans in hiring and promotions. It's similar for mostly white firms though, it's just what happens when you work with people from similar backgrounds. Even at my firm, my mentors are other white man.
Well if there's that perception, then it's complete BS & i genuinely believe rooted in stereotypes or racism. Also it's funny because I have heard similar things about nepotism, rich people buying seats at Ivy leagues, schools favouring rich donors, firms taking kids of clients or LP/donors, refrence in US. But I also believe picture is far bigger than these things, they might exist but isn't the whole story.
India have it's issues because it's still a growing country but the PE/IB/MBB are some of the most competitive (more than US) because of sheer volume, you have to be from cream of the cream of the creamy layer to even get to it. In India, IB recruit analyst out of MBA from top IIMs (management institute only) unlike here for undergrad, MBBs chose a select few from a pool of cream of top IITs, CA (Accountant top-50 rankers All of India), few other institutes & that's it, PE recruit out of MBB a select few.
Were you a performer in India? Amit and Viraj are highly respected as top investors globally at BX / WP and can easily sort you out post MBA at either firm.
There’s also a broader question of why you would want to do PE in the US which is highly saturated when India is a top performer in any firm’s PE portfolio.
And I wouldn’t listen to any of the jokers here. I would speak to the partners at the firm you worked at and start there (assuming you were a performer and if you won’t a performer, you’re screwed anyway).
I will complete my 2nd year in few months, i very well know two of them & infact, our firms are ready to have us back post-MBA in VP position after associate stint.
Seriously then, don’t screw around with it. Go back to your firm post MBA. First, either are excellent institutions. Second, you have the institutional support and contrary to what people have said above, the Indian operations are highly respected in both places. Third, you have time and the brand on the resume to figure out life.
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