Is it easier now in 2022 to interview/land NY PE from SF IB?
Heard it was really difficult/close to impossible to land PE in NYC being in SF IB outside of the top banks like GS/MS/etc. from other threads. Just wanted to know if this is still the case or have PE firms become more open to zoom interviews and superdays. Heard you had to fly out to NY on short notice to do in person interviews while working long hours. Is it more possible if your bank wfh 2 days out of the weekday? Thanks in advance for the insight!
Following
B
Still hard but whats wrong with SF/Menlo PE?
Z
Definitely possible to get an offer, MF is just nearly impossible
Z
Possible, just a lot of people end up missing most of oncycle given how quick it goes - if you hear rumors swirling, get on a plane that night. Don't wait for someone to officially kick off. This is a lot easier if your group supports PE recruiting
Can anyone answer if the biggest thing holding you back is logistics of flying over or Headhunters not giving you the time of day?
Logistics of flying over. Can't emphasize enough, if any rumors pick up you need to get on a plane.
If you're at a mid tier SF group you'll receive similar looks as someone at a mid tier NYC group (so don't expect MFs unless you're a top candidate) but SF people often miss the entire first day or first few days of oncycle
Find me 5 people who have ever went from SF to a PE role at a MF in New York and I'll be shocked. Sure you'll find your credit and BX DCM roles but PE? Highly doubt it.
Seen it way more than 5 times each from MS Tech and GS TMT
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Second the below who has seen it, this is pretty easy to find on LinkedIn too. Outside of the top banks candidates shouldn't have their heart set on MF, but NYC UMM/MM is still a good spot to land
My college roommates were at GS TMT / MS Tech, and no one in their analyst class made it out to NYC. Granted, only like 40% of their classes even tried, but had a very tough time converting (only one got a MM offer). Go on LinkedIn and try to find 5 people who have done it, you'll have a harder time than it think.
Personally think the whole “can’t do NYC PE from non-NYC IB” is super overblown on this website, especially post-Covid. Sure it’s not as common, but that’s just because people typically don’t want to uproot their life after two years, especially if they chose to be in SF/Chi/Houston/etc for a reason
Basically every fund did some level of virtual hiring over the past few years. Maybe there’s a handful that are fully back to pre-Covid and need to be able to look over a kids shoulder as they do the model test (ie KKR/Apollo/etc), but most firms are not like this.
I was at a non-NY IB job and went on cycle last year. I was offered virtual interviews at multiple MFs and top UMMs. A few places said I had to get there in person but most said I could do either virtual or travel if I wanted. Ended up going to a firm that did hybrid interviews (most in person, some virtual) and clearly being virtual didn’t stop me from getting an offer.
If you’re a good candidate they will figure out a way to interview you, maybe a handful of exceptions but generally I wouldn’t worry
X
Do you have to actively reach out to recruiters since they won't think to hit up SF IB kids for NY opps? I heard they always reach out to NY kids for NY PE. Also would be really helpful to know if what tier of bank you were at to receive those types of looks. Would really appreciate the datapoint
B
Hi - any chance I can PM you with some questions?
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