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Yes of course it is, everyone wants them and you have limited spots. It's a spectrum of course - top group / top school / strong GPA, yeah you're more likely to get more interviews.

Would say you at least need to be in a mid-tier group at BB/EB. School isn't the most important thing in the world, target schools help but you can certainly land from a non-target or semi-target. Don't forget GPA too, still an important part of the process.

 

Top shop/group is important to get initial looks. Once you get the interviews, it's not crazy hard, but there is a lot of factors and BS outside of your control. Would prepare in advance with LBOs, case studies, and deal/overviews. Understanding investor mindset is the #1 most important thing, and something not learned on the job or internship.

Also make sure you know what you want and bear in mind that if you hate banking, it likely will be the same schtick, especially at MF PE. As you can imagine its hard, because you're competing with the the top of the banking pool for limited spots (max 4-8 per MF)

 

Anything with 10bn, or even 5bn+ last fund is going to be extremely competitive. Simply not a lot of spots compared to the pool. Control what you can. If you don't fit the profile, then understand that there are lots of great MM funds out there as well.

 

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