Lateral VP - response after interviews
Hi,
Generally for PE VP lateral processes, how long does it usually take to hear back after an interview? I've seen as short as a day, or as long as a month because holidays and fundraising came up.
Also, after a last interview (e.g. the HH indicated this was likely the final interview, not a superday) how long does it usually take to receive either an offer or a rejection? Does this change between megafunds/established funds vs. first-time or smaller funds? I've really only seen superday from back when I was an associate so have no reference point.
Thanks everyone!
Based on the most helpful WSO content, the response time after interviews for PE VP lateral processes can vary significantly. While there isn't specific information about VP-level positions, we can infer from related discussions that the timeline can be quite flexible, depending on several factors.
For instance, lateral hiring processes at various levels, including analyst and associate positions, have been reported to take anywhere from 3 weeks to 3-4 months from initial outreach to securing an offer. This variation can be attributed to factors such as the firm's urgency, the number of candidates being considered, and external factors like holidays and fundraising activities, as you mentioned.
Regarding the difference between megafunds/established funds and first-time or smaller funds, it's reasonable to infer that larger, more established funds might have more structured processes that could potentially lead to quicker response times. However, this is not a rule, and the actual time can vary widely. Smaller or first-time funds might have more flexibility in their processes, which could either shorten or lengthen the response time.
After a final interview, the time to receive an offer or rejection can also vary widely. Some candidates have reported hearing back in as little as a day, while others have waited weeks or even months. This variability applies across the board, regardless of the size or type of fund.
In summary, there's no set rule for how long it takes to hear back after PE VP lateral interviews. It's highly dependent on the specific circumstances of each fund and the overall context of the hiring process at the time.
Sources: How Long to Hear back from Goldman Sachs after an Interview?, How long was your lateral process ?, Q&A: Returning to PE After a Year and a Half at a Series C Startup, Finished Goldman Sachs Hirevue Response Time, Lateral Hires - What were your interviews like?
The bot is usually terrible but tbh this was pretty good
Kind of agree with the bot here: it completely depends. A lot of investment professionals deprioritize recruiting over investing activities and therefore when something comes up, recruiting gets drawn out. Sometimes you’ll get quick responses and sometimes you’ll find yourself waiting. That said, generally speaking, more than a seven day wait is not the best indicator and if they don’t get back to you with next steps within a week, you probably aren’t the top choice. That doesn’t mean you won’t get the job, just that there is probably either a better candidate or they have at least one hesitancy over your candidacy.
In terms of final interview to offer, I would historically say that a verbal offer can be extended within a couple of days of the final interview, but lately firms all seem to be dragging their feet. Firms seem to be dragging out interview processes and they are lacking the conviction to actually pull the trigger on offers. I wouldn’t be surprised if you had to wait at least a week from the final interview to be extended an actual offer, and usually it comes verbally before it comes in writing. Part of this depends on whether you’ve pre-negotiated the general compensation range during the interview process (some firms want to get alignment on comp before they introduce you to the senior-most individuals at the end of the interview process).
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