Goldman Sachs Financing to PE / Hedgefund
Intern in CorpFin
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Goldman Sachs Financing to PE / Hedgefund
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You're not going to be eligible for an entry uni-level position. Those are very set on you have to graduate within the set time frame. I also think your chances at PE/HF from that role are slim to none. It doesn't really matter if you are good at PE prep and modeling, those are just a check the box that nearly everyone will pass, they will be more concerned that you don't have real deal experience (which you don't).
I would try to move internally (doesn't need to be M&A, industry coverage groups work) at 1 year. Also look externally as GS is not a great place to lateral internally. You should get some looks from lower-tier BBs, MMs, etc. PE will be much more doable from those groups than your current role.
You need to decide if you’re interested in PE or HF. They are extremely different jobs with very different interview preparation requirements. Think hard about what you’ll actually enjoy rather than just picking something because it’s prestigious or on the buyside.
To anyone else reading, I think there’s a huge “grass is greener” mentality with PE. Sure it pays well, but not substantially better than banking (except for one or two seats) and transactions are often a lot more fun than PortCo work. Make sure you’re switching for the right reasons.
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I understand your point, but if you tell a recruiter that they will write you off as not sure what you want. Spend some time thinking about whether you prefer the markets or an investing role. Recruiters for PE/HF want specificity "I'm looking for a MM buyout fund in X industry, geography preference is Y and Z but open to other areas for a great team".
You don't need to decide right now, you have a whole second role to get to before you can recruit, but something to think about
When you apply for summers at GS you get the choice between ‘regular’ IBD and the financing group. Do I understand correctly that you are in the financing group?
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