MBB to PE (megafund) in Europe - feasibility and how to position profile?
Hi guys,
I am a soon-to-be graduate at a strong European continental university with previous internships at a MBB, an EB (think Laz/Rothschild/PWP/Evercore) and a mid-market PE firm. I really enjoyed my time at the MBB and I am thinking of accepting their FT offer, but I am wondering if I am shooting myself in the leg by not going into IB instead if I want to eventually land an associate role at one of the top PE megafunds?
I know that the general consensus here seems to be that IB is a vastly more sought after background, especially for the structured US PE recruiting, but is this the case to same degree in Europe as well, where the process is less formalized? LinkedIn searches seem to indicate that there are still very few consultants at the top funds, but I did come across some who came from a consulting background.
Hence, I would be very interested to hear if anyone has experience with / knowledge of successfully recruiting for top funds in Europe coming from a MBB background. More specifically, I am interested to know:
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How did you approach the overall recruiting process?
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What large funds in Europe do recruit consultants?
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What about your profile stood out and made them invite you for the interview?
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Am I an idiot if I opt for MBB instead of IB with goal (at least for now) of recruiting for PE in the end?
Any insights on this would be greatly appreciated!
Hi Azixx, check out these resources:
If we're lucky, maybe these professional users will respond: Gebhardt Cokie-Hu jrammirez422
Fingers crossed that one of those helps you.
The IB to PE path is the more common but, as said a bunch of times on this forum, it is not the only way. It’s the common one as PE is way more deal oriented than you might expect looking at it by an external point of view. Before breaking into PE, I thought that as buying and selling is simply at the two ends of a multi-year relationship with a(n invested) company, it’s a lot a matter of understanding the business, scaling, etc. than anything else. In reality, from day 1 your mind is thinking to the day in which you’ll be selling that asset and everything you do is function of the outcome you are trying to achieve (ie maximizing the price tag you can put on the business). Having said that, you spent some time at consulting and realised this is something more fun/interesting for you than other stuff. Is this because of the job itself or more for the people you worked with? I’m rather sure you can end up working with people you really get along with in almost every job and industry. Last but not least, in the first years of your career you can easily switch from an industry/job to another. So use the next 1-3 years exploring what you like and what you don’t.
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