JPM/MS/GS Regional Office --> MF PE
Incoming Full-Time Analyst at a top BB JPM/MS/GS SF Healthcare coverage. Go to Harvard, have a 3.95+ GPA and have two internships at reputable MMPE firms. How hard is MF/UMM PE recruiting from a regional office with my background. I'm quite agnostic between SF/NYC recruiting, but want to maximize my chance at doing PE long term. My group mainly focuses on HCIT, Healthcare Tech/Devices, and Biopharma.
Thanks
should be more than fine for west coast shops
west coast to nyc always harder
Is recruiting for west coast shops more difficult (smaller class sizes?) Or do you think since there are likely less applicants I would have just a good a shot. I want to maximize optionality/the chance at breaking in, so would you recommend full-time/lateral opportunities when I hit the desk in a few months.
it is easier because not a ton of ib analysts on west coast compared to number of pe seats. nyc is a bloodbath.
CA analysts always have a harder time landing top shops in NY. Used to be that they had to fly out when oncycle was kicking off and often missed the first day, but oncycle is during training now so that is no longer the issue. Think banks just have very established pipelines/relationships with NY coverage groups and you have more of an uphill battle.
I would look at your group's exits from the west coast cohort for a range of where they usually place to PE - that is your recruiting range. If everyone in the last 3 years went MM and a handful of UMMs, you are wasting oncycle telling HHs that you want MF. Harvard/strong resume is all good and well but it'll more maximize your options within that set range rather than elevate you to a differnt group of exits, if that makes sense.
Also I think it's fine to tell HHs you are more focused on group/fit and are agnostic on location if you want to try for both.
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It's nice they told you that, but the experience of the last few California classes tells a different story. Last year's class was during training too, as I mentioned in the post, and it still did not have equivalent placement.
Source: I have been at a split east/west group for 5+ years and have seen this over and over and over...
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