Moving from trad. IB to Secondaries

Current AN1 looking to make the move in my 2nd year.

Currently sitting in the industry team, mainly M&A deals and 1 IPO, nothing related to secondaries

Wondering if anyone has done it / has any tips to start prepping

7 Comments
 

Fairly straight forward move. They’ll hire out of industry / M&A seat just like traditional PE. If you’re targeting GP-led funds I’d expect the process to mirror a traditional PE interview process (walk through deal experience, thinking through business models / investment opportunities, modeling tests / case studies). I never really interviewed for any LP-led heavy roles so I’m less helpful there but it would probably be fairly similar.

 

Through HHs or direct apply to HH? HHs seems to be hesitant when I mention that I want to exit to secondaries over my industry group

 
Most Helpful

Numquam voluptas aut velit dolorum autem culpa nesciunt numquam. Esse ut placeat et. Rerum iste tempore omnis voluptatibus et et ut. Illum ratione et voluptate omnis nobis nostrum autem. Corrupti in vel soluta provident.

Career Advancement Opportunities

July 2026 Private Equity

  • The Riverside Company 99.6%
  • Blackstone Group 99.3%
  • KKR (Kohlberg Kravis Roberts) 98.9%
  • Warburg Pincus 98.5%
  • Vista Equity Partners 98.1%

Overall Employee Satisfaction

July 2026 Private Equity

  • Blackstone Group 99.6%
  • KKR (Kohlberg Kravis Roberts) 99.2%
  • The Riverside Company 98.9%
  • Ardian 98.5%
  • Starwood Capital Group 98.1%

Professional Growth Opportunities

July 2026 Private Equity

  • Bain Capital 99.6%
  • The Riverside Company 99.3%
  • Blackstone Group 98.9%
  • Starwood Capital Group 98.5%
  • KKR (Kohlberg Kravis Roberts) 98.1%

Total Avg Compensation

July 2026 Private Equity

  • Principal (9) $653
  • Director/MD (24) $547
  • Vice President (99) $363
  • 3rd+ Year Associate (104) $281
  • 2nd Year Associate (235) $272
  • 1st Year Associate (411) $229
  • 3rd+ Year Analyst (33) $157
  • 2nd Year Analyst (97) $134
  • 1st Year Analyst (272) $124
  • Intern/Summer Associate (38) $81
  • Intern/Summer Analyst (356) $61
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
DrApeman's picture
DrApeman
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
CompBanker's picture
CompBanker
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”