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Based on the most helpful WSO content, here's what you need to know about GPA and test scores for candidates landing offers at megafunds (MF) and top upper middle market (UMM) private equity funds:

  1. GPA Expectations:

    • A GPA of 3.8+ is often considered ideal for megafunds, especially if you're coming from a target school. Candidates with summa cum laude honors or memberships in prestigious societies like Phi Beta Kappa/Beta Gamma Sigma stand out.
    • For UMM funds, a 3.7 GPA is generally seen as the cutoff, though some exceptions exist for candidates with exceptional deal experience or strong networking connections.
  2. Test Scores:

    • While test scores like the GMAT are less emphasized compared to GPA, a 750+ GMAT score can help bolster your profile, especially if your GPA is slightly below the ideal range.
    • For candidates with a GPA in the 3.6-3.7 range, a high GMAT score (e.g., 780) can sometimes offset the lower GPA and improve your chances.
  3. Target School Designation:

    • Candidates from elite target schools (e.g., Wharton, Harvard, Stanford, etc.) have a significant advantage. These schools are heavily represented in megafund recruiting.
    • Semi-target schools can still place candidates into UMM/MF funds, but the competition is tougher, and a higher GPA (closer to 3.8-3.9) is often required to stand out.
  4. Other Factors:

    • Deal Experience: Having two closed deals or strong transaction experience during your investment banking analyst stint is critical.
    • Banking Group: Being part of a top-tier banking group (e.g., bulge bracket or elite boutique) significantly boosts your profile.

In summary, for megafunds and top UMM funds, a 3.8+ GPA, strong GMAT score (750+), and a target school background are the gold standard. However, exceptional deal experience and networking can sometimes compensate for slight deficiencies in these areas.

Sources: PE GPA on cycle, Does GPA matter for Private Equity?, PE Recruiting as a Lateral Analyst w/ Weak Academic Profile

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

The recruiting situation has completely changed since last year's class with oncycle moving so far back, so you're not going to get any relevant data points to your class. Even class of '24 folks doing off cycle is not relevant to '25 and beyond.

Also the "range" of your PE destination is primarily determined by your specific group, not GPA, test score or school type. If your specific group only ever places to MMs, you have no shot at the MFs even with a 4.0/1600/Harvard. Best thing you can do is look up alums of your group and where they went to get an idea.

 

For clarity, do you mean that your group determines if you get looks from MFs or first round interviews in the first place? Like once I get the interviews, am I on an even playing field with people from more "prestigious" schools/groups?

 

Do headhunters ask you to round to the nearest tenth for gpa? Or hundredth

 

Your GPA can’t be changed at this point, so why bother asking people everyday and obsessing ? Just accept it and focus on what you can control going forward

 

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