Do you want PE or HF? They are very different jobs
For PE...can't go MBA -> PE without prior PE experience. Generally think getting PE experience in Europe would be your best move - probably won't be at the US MFs, but start by getting into PE and then lateral to a US-based fund's European team, even if it's a bit smaller. Work for a few years and then ask to move over to the home office.
If you attend a top 5 school, the HFs should recruit there - definitely not a guaranteed path like MBA -> IB is though, definitely a risk you end up at a small shop with limited optionality out of there. You need to be really sharp and attuned to the public markets. HFs also care a lot about prestige... if you are an analyst at a top group at GS and land HBS, that is a lot different than coming from a mid group at DB and going to CBS.
Alternative is to lateral internally into equity research, which is an excellent HF training ground and they tend to pluck juniors out of those seats. Can skip the MBA there. Might even be able to move over to the US immediately on the L-1
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Do you want PE or HF? They are very different jobs
For PE...can't go MBA -> PE without prior PE experience. Generally think getting PE experience in Europe would be your best move - probably won't be at the US MFs, but start by getting into PE and then lateral to a US-based fund's European team, even if it's a bit smaller. Work for a few years and then ask to move over to the home office.
Thanks!! Helps a lot!
Do MBAs have added value with regards to joining a HF compared to a non-MBA investment banker?
If you attend a top 5 school, the HFs should recruit there - definitely not a guaranteed path like MBA -> IB is though, definitely a risk you end up at a small shop with limited optionality out of there. You need to be really sharp and attuned to the public markets. HFs also care a lot about prestige... if you are an analyst at a top group at GS and land HBS, that is a lot different than coming from a mid group at DB and going to CBS.
Alternative is to lateral internally into equity research, which is an excellent HF training ground and they tend to pluck juniors out of those seats. Can skip the MBA there. Might even be able to move over to the US immediately on the L-1
I owe you one mate 🫡
I've seen many people break into MFPE through an M7. Just shoot for the top MBA program if you have relative work experience.
Without prior PE experience? Not happening.
Vitae ipsam et dolorum quod et similique. Labore fuga sit alias reiciendis quas perspiciatis. Sapiente eius qui dolores.
Ex cumque totam velit. Illum et at hic et. Minima error et perspiciatis sed maxime temporibus voluptatum.
Sequi nam et ex consequatur ut odit nemo. Excepturi accusantium voluptas est sit quasi. Earum temporibus qui consectetur.
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