Non modeling levfin exits
What are typical exits for the non modeling levfin groups? It seems they still exit strongly into PE from looking at linkedin but what are the typical exits for these groups?
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I hope those threads give you a bit more insight.
FWIW most recruiters and funds don't know or pay attention to what levfin groups model or don't model. The recruiter will ask you what your modeling experience is and you'll have to give an example of some body of work you've contributed to on a deal. When you actually interview at a fund there's usually a modeling test, so assuming that you do fine on that, you've passed the litmus test. GS, BAML, JPM, MS all seem to do well in pe/credit/hf recruiting
Bump
What exactly is the day to day work in a non modeling lev fin group?
Usually it’s the same PE/Credit shops as any LevFin group? Maybe it’s me but this whole “modeling deal experience” bs has got too first years scared. If you pass the modeling test, which you fucking should, then it’s a check.
When I review resumes for recruiting, I skip most line items that deal with how they modeled this or that because I don’t care. Most of it is made up anyway, and you’d be surprised at the # of kids in M&A groups that fuck up a simple LBO modeling test.
This is too real for most M&A and PE people to accept.
Quoting Upton Sinclair: you cannot expect people to understand something while they get paid depending on them not understanding that thing...
And this is the thing.
Is levfin just primarily PE or Credit exits?
Qui at soluta distinctio nam expedita. Eos deserunt recusandae sed vel.
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