Hi all,
I am starting this summer as a FT analyst at a MM PE fund my first year out of college. Any tips on how to stand out relative to the other analysts other than absolutely grinding? Thanks for your time.
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Repeating from other places, but this is what has been most helpful for me to get top reviews:
1) Ownership mentality. From now on, you should assume that you own the entire process, from top to bottom, and you should assume the sale. Don't ask if there's something to take off your VP's plate, just take it off and say, "I'm going to work on this next part of the analysis" and let them stop you if needs be. Figure out what you would do if your VP wasn't there, and then do that thing. You have to prove to yourself that you can own whatever is happening. There will be gaps, of course, but those will get quickly filled as you work along.
2) Analysis in the weeds, head in the clouds. Make sure that you are detailed in what you're building for your analysis, but be able too come up quickly and verbalize both what you're working on in very simple terms as well as what the emerging answer is. If you're 5 hours into market diligence, and you're on your 4th banker brief, you should be able to come up with some 4-6 sentence on what you've learned and what it means for the work you're doing. Be proactive and tell your VP what you're finding. don't do this every time you find something, but synthesize it together and share during check-ins. The Bain check-in framework of, "Here's what you asked me to solve, here's what the answer is thus far, here's the implications, here's the source, and here's where I'm going next" is a super helpful framework to follow
3) Perception is reality. I learned this one too late, and got lucky and unlucky a few times, but the big idea is that what people think about you, whether it's true or not, is reality and they will treat you accordingly. So, act out like you're grinding but you like it. If you have an early night, then save work until 1am, get some done then, and then when you check-in the next day, check in with a smile and ask for a second to grab some coffee because you were "up until 1am working." If you travel somewhere super ritzy or cool for work (like maybe you go to Saudi Arabia or something) then when the team asks you about it, don't go off about how cool the place was, go off about how hard you worked when you were there and how much stuff you got done. You need too be sure to craft your LT's perception. I know someone at Bain who straight up sucked when she got there, but managed her perception, and eventually got top bucket and an early promotion with no discernable difference in work quality.
4) Quick wins: Last (and this one is a bit up to luck), when you get in, try to get some quick and early wins to prove your credibility. When I started at my fund a couple years ago, I identified a portco that could use some work that I had done at Bain, so I decided to go ahead and do some same work with them and made them a few thousand. Wasn't incredible, but it won the hearts of the partners quickly and got their trust.
That's the best I have for this quick 10 minutes. Feel free to ask follow ups, I'll answer where I can.
Thanks so much! Appreciate this insight
Amazing post!
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