Looking for advice from anyone who's recruited for IB from a PE/VC background, or anyone on hiring committees who's evaluated candidates with this kind of experience.
I'm currently on the founding team of a small sell-side advisory firm that helps early-stage founders (pre-seed through series A) with fundraising strategy, pitch positioning, and capital raising. Think of it as a placement agent or boutique capital markets advisory for private companies at the earliest stages. The firm is run by a founder who previously built and raised $35M for a series A company. I took a medical leave from my undergrad (CS and Physics, 3.9+ GPA at a top LAC) and am working on transferring.
My boss has explicitly asked me what I want from a career and portfolio perspective, and is giving me full latitude to shape my own responsibilities. I have a call this week to finalize the role structure.
My goal: First-year analyst at a top TMT group (think elite boutique or bulge bracket). I've done 200+ hours of modeling coursework (DCF, LBO, comps, 3-statement, M&A), participated in a BB sophomore M&A event, did a semester at a university VC fund (modeling, investment memos, deal support), and interned at a VC firm and a major tech company.
My questions:
- When hiring committees see candidates who've done PE or VC before banking, what specific experiences carry the most weight? Is it type of modeling (operating models vs. DCF vs. LBO), deal volume, client-facing exposure, written deliverables, or something else? What do successful candidates from these backgrounds actually talk about in interviews?
- Which of these responsibilities would carry the most weight if I built them into my role:
- Building valuation models (pre-money/post-money, comps, DCF) for each client
- Maintaining a comparable transactions database across sectors
- Producing pitch materials / one-pagers for founders (analogous to CIMs or pitch books)
- Writing investment screening memos with quantitative frameworks
- Managing deal process tracking end-to-end (pipeline stages, investor outreach, term sheet tracking)
- Sitting in on client calls and presenting financial analysis (essentially management presentations)
- Sector research and market analysis memos
- Building financial models / scenario analyses founders actually use in their raises
- What specific metrics should I track from day one? If interviewers ask about deal volume, number of models built, dollar value of raises supported — what numbers do they actually care about?
- What title would read best on a resume? My boss would let me pick. Considering: "capital raising associate," "investment associate," "venture capital associate," or "strategic advisory associate."
- The firm may also open up a direct investment arm (early-stage venture investing). If that happens, would direct investment experience (sourcing, diligence, IC memos) be more or less valuable than the sell-side advisory work for IB recruiting?
- For those in TMT specifically at an EB or BB — is there anything about how your group evaluates candidates that I should know? I assume a tech M&A boutique would value deep sector fluency, while a BB TMT group would weight modeling chops and deal execution more heavily. Is that right?
Any advice appreciated. I have a rare opportunity to literally design this role from scratch and I want to get it right.
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