I am curious what the training content & intensity is like for PE Associates once they leave banking and start at a PE firm. Is the training all about the firm's specific formatting, or do they also give you training about specific deal dynamics and modeling?
For reference, I want to know how similar the training period is to incoming investment bankers.
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None to very little. You learn by reading older ICs on your own time and fucking up the model at 2 AM. Made this mistake while going in - if you have a weak muscle, try to fix it. For me it was slides and I thought I'll have time to get up to speed but didn't.
literally none. And the VPs/Principles will have very little patience for mistakes regardless. No real leaders in PE
Do you know if there are any PE firms that are more conducive towards professional development?
MFs because they have so many bodies. PE people do not want to train juniors there is not a ton of mentorship in this industry
Next to none. PE firms tend to hire from the same groups over and over *because* they can count on the quality training and consistency of reps you got. If you have weak spots, address them now.
Even on formatting, you are just going to be told to copy an existing version and figure it out
Thank you.
It's very firm dependent but typically none, banking is generally seen as the "training" which is why the traditional IB > PE pipeline exists. Their goal is to be able to throw you into the deep and and see if you sink or swim.
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