MF PE Intern Full Time Offer Rate
Hi everyone,
Does anyone know what offer rates typically are for MF PE summer analysts? I'm an incoming intern this summer and am curious to see what the offer rate might be. I've been told that my group is historically around 80-90% offered (SA class size is 8-12 people, so only like one or two folks don't get offered to return), but the markets are weird right now and I've heard banking offer rates will be much lower than the past few years. I'm absolutely going to work as hard as I can to secure a spot, but obviously I might need to network for other FT roles if offer rates are like 20% this year. Anyone heard any guidance for their shops yet?
Bump. In the same position.
If I had to guess, I don't think MF PE return offer rates would be any different right? My reasoning is given that PE returns are on a much longer cycle than banking, and it's also unlikely that these MF PE SA programs overhire, like many banks when dealflow was great for these summer '23s.
Bump - does this sound accurate (logical), and can we truly expect them to uphold normal FT offer %?
Bump
bump
Anecdotally heard 3-4 BX PE interns didn't get returns this past year. Not 100% sure though
How big is their intern class (i.e. what percentage of kids did receive returns)?
For BX PE, how many interns do they take a year and is 3-4 not getting a return typical?
Heard it was close to 50% return offers last year….
Heard it was 6/8 returns for BCP last summer for summer analysts from someone in the class.
Can confirm the above^
BX return rates for their private equity teams was complete ass...honestly maybe for the better anyways for those kids. team is miserable anyways
Miserable enough where you would choose another analyst program over it?
Bump on this. Especially in the upcoming economy, will this affect the PE summer analysts/associates' return offer rates?
Particularly due to the first reply to the thread - PE is on a much longer return cycle in comparison to IB, so are return offers likely to be the same as usual for PE (unlike IBs, which may have overhired and need to cut some heads which some banks seemingly do in good years anyways lol)
Bump
Does that mean these shops recruit FT analysts?
That sounds about right. KKR and BX are notorious for shitty return offer rates, despite the caliber of the shops.
Any insight on places like Vista, Ares, Silver Lake, and Bain?
Bump on Bain
Curious if this differs between Bain PE and Bain Credit
Bump on Vista
bump also on vista
Ares usually gives everyone/almost everyone a return
Will return offer rates decline for MF PE interns as well? Or is that more of a banking thing, since PE is much more stable at the moment in comparison to IB.
Bro that’s literally what this post is about
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