MM—>UMM or UMM—>MF? How difficult is it?
I was curious to know how difficult it is to go from MM to UMM or UMM to MF. If I decided to do MM IB to MM/UMM PE then go to M7 and try to recruit for UMM/MF. How feasible is this?
It's doable but it won't be any cakewalk. Also any M7 won't cut it for most UMM/MF. Some of them only look at H and/or S, although W should get looks at the vast majority of funds.
Thanks for the insight. This is super helpful actually. When you say it’s not gonna be a cakewalk, do you mean I’ll have to network a lot? Or what exactly do you mean?
I've seen people jump from MM to MF post-MBA but it's not that common because: 1) there are fewer post-MBA spots available and not everyone is guaranteed a PE gig and 2) you're going to be competing with a pool of candidates who worked at UMMs and MFs pre-MBA who will likely get higher priority at bigger funds. You might have to network more but you might be able to make up for it by having tremendous deal experience and/or expertise in a specialized area.
This is overly simplistic and I’d encourage you to do more research about what you’re getting into. For example, Berkshire is a top UMM and Bain is a MF. Nobody would bat any eye if you picked Berkshire over Bain (which is the easy and obvious choice in my opinion), or if you went from Bain to Berkshire. Picking a fund purely based on AUM is a very bad approach.
I appreciate this. I’m just curious. Personally I don’t really care about prestige but recently heard someone say that the transition from UMM—>MF was impossible so I wanted to hear everyone’s thoughts on here.
This is really it, it just comes down to what UMM really is. There’s a handful of UMMs that certainly have the prestige factor to move up-market - like the other person said, people from Berkshire, CD&R, GTCR, etc would definitely have a shot at a MF.
On the other hand, there’s a lot of random MMs that people on here might claim are UMM but just don’t have the reputation to make such a move easy or likely. Anything can happen, but you don’t see a lot of MF VPs with a MMPE background
You can go from LMM or no experience to MF but need to identify as the fairer sex
Just one question...why
And if the answer is in your username then you're doing it wrong man. No-one with that mentality will ever cut it in that ridiculous path you laid out.
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