Will megafunds look at your transcript during the recruiting process, or do they just see your GPA on the resume and check your transcript after you get your offer?
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That really depends on the firm.
I've actually never heard of a PE firm looking at a candidates transcript.
Bump
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Mine never did.
After you sign with any good buyside shop, they will run a background check that includes verification of where you attended college and your transcript.
Edit: I stand corrected
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