London PE Networking
How important is it to do networking to get PE roles in London vs going through the many many processes that head-hunter's will ping you about? I know already in London vs US for IBD recruiting, networking is considerably less important.
In London, is it more about just jump through the hoops of the process and done or network to find non-advertised roles or networking extra with people in the firm once you're in the process or network with people who left the firm to find out if you're about to get shafted.
Sorry, just a bit confused
Thanks
Bump
If you know people before the process, then that is a big bonus.
One thing I noticed is that buy-side professionals are less willing to jump on calls with other professionals that they do not know compared to sell-side people. Don't ask me the reason why, probably because of their inflated egos or because they are super busy
But personally, would try and find people with your own nationality and people that have exited from the same team as yourself.
Try and get along with the major HH such as Kea Consultants, PER etc as they can put you in the process for Associate roles
Also, if you do reach out, do not spam or message many people in one team as everyone speaks and you may across "too switch on" which may put them off and for the sake of good do not ask for insight about the case study
Based on my experience in London, cold-networking is not really a big thing (although it did work for me, but that was at a senior level). For junior staff, almost everything goes through headhunters. It is a bit surprising given the PE community here is so much smaller than it is in the US, but that is the structure. It’s funny because the PE firms all know each other and there is a fair amount of movement within the PE community from one fund to another, but for new entrants to the industry at the junior level, PER / KEA / Dartmouth and a few others are the primary gatekeepers.
Thanks, interesting to understand. Do people usually ask their friends oh we're interviewing this guy, what do you think? Or is this more a USA thing with the stronger networking culture
Some times the current employer gets asked informally if they’re an advisor to the fund
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