Highly interested in PE
rising senior no Ib offer yet working towards that, assuming I know exactly what type of Strategy and sector i want to work within what is the best way to go about this considering the chance I don't get Ib straight out the gate, or start at boutique. Do i just focus on getting the IB offer for now?
Not lookin for MF more UMM/MM
Most UMM associate classes have essentially the exact same background as MF class associates. The average outcome of even top banks and top groups is MM PE. There are simply significantly more analysts at top banks than there are UMM/MF spots. This is all basically to say, don't shoot for MF/UMM PE in your case, it's very unrealistic. Just try to land some LMM/MM PE spot, there are a bunch that hire analysts and enter the industry that way.
so my best bet is simply landing an MM or BB for full time? no other possible routes
Ya echoing the above —
Think the best thing you can do is open up your aperture a little. Not only are MF/UMM really hard to get, but also, they’re not worth the adoration that they get on this forum…
I mean yes early in your career you should try and get the most prestige that you can, but if you end up at LMM/ MM, not only is that not the end of the world, but that still can be a really great career. There are LOTS of ppl at firms ppl have never heard of here that have great careers. And if you zoom out a little, the firms ppl will drool at in 10 years or so are the ones today ppl scoff at.
This comes in handy in a few ways: first, it will mean you have more bats at the game vs crying because you don’t work at H&F/Advent. Second, it means for any one given interview you won’t be too nervous since you know it’s really not that deep if you don’t get it.
Can I Pm, looking for a very specific niche that I think will explain the situation a little better.Above was able to give me advice. I completely agreed and understand but will appreciate your advice
I don’t really care about the status or size it’s more a specific industry or niche or however I can describe it
Just FYI, "highly interested in PE" is not the same as being "highly qualified for the job." People in this industry don't care about how interested you are. They care about your pedigree and capability. This is a very heuristic-driven industry, which is why MFs, UMMs, and even MMs are very predictable in who they hire for their Associate classes: from the same banking groups at BBs and EBs and maybe a smattering of MBBs and PE analysts mixed in. People in this industry do NOT screen for "interest" or even general finance knowledge about "strategies" or "sectors" that you mentioned in your post. Those are skills that will better serve you in public markets investing.
I completely understand that,thank you for you input I’m trying to find what banks will give me the best chance at the ones I am trying to target, and or more specifically what group.I completely understand what you’re saying if you’re willing to help me out with this please let me know if not I completely understand
For the ones I want to target there’s not really a pattern regarding their hires.
I’d focus on getting an offer first and then thinking about PE. I don’t get when people say they want to do PE and aren’t even in banking first. You can’t really know that and have never worked on a transaction and most likely don’t understand what a proper day in PE looks like (which is fine for now). My advice would be to get the job, see a few different things and transactions and then deciding what you want to do. It’s quite premature thinking about this in college
I completely understand that thank you for the advice, I am just really fascinated by strategies like Roark and GSP.I know i want to learn that skillset and replicate it back home where I am from pretty underdeveloped maybe a bit to ambitious of me. I always knew what I wanted to do its gonna sound pretty stupid but my goal was bring a quick service restaurant to my home and just learning about multi-franchising and scaling which really interests me. We will see I wish I just understood this interest that I had for so long a bit better and actually figured out how it works.
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