Is it smarter to get a smaller PE internship junior year and rerecruit for a firm senior year, or even take a full time at a MM and recruit for a MF after, or just do the traditional 2 years in IB.
In short, should you cut out IB entirely and do MM internships/ jobs or is lateraling from smaller PE shops harder than from IB
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Would love to get peoples insight on this as well. Currently at a target for KKR’s new summer analyst program. Seems like a really great comprehensive program with opportunities for FT afterwards but I’m still tempted to do the traditional 2 years in IB.
A top EB or top BB group for SA seems to place much better for MF PE FT. Looks like thats the most common background from MF PE analysts.
Would second this - just went through NYC FT process and the kids being invited to events this summer were top IB (GS/MS/JPM or EB). Sucking up IB for 10 weeks is worth it to have your foot in the door at all of these places.
Some have also started doing SA programs but I would highly advise against - I’ve heard more kids get fucked over on return offers by Blackstone at my top target than literally anywhere else on the street, similar stories for KKR. Chances of return offer IB summer will be way higher.
What did the PE SA's who got screwed over end up getting full time?
Why would Blackstone and the like not give return offers, assuming they did all of the right things during the summer internship? I thought these firms, particularly Blackstone, heavily prefer hiring top tier talent straight out of undergrad and training them in house for 3 years versus hiring IB analysts.
(Source: Went to a target who got invited to Park Ave and listened to alumni talking about the analyst program.)
Do you think that's currently the most common background bc we haven't seen enough iterations of this seemingly new-ish UG straight to top PE phenomenon yet?
Maybe. It’s definitely possible to switch PE funds from SA to FT, but it may be tougher because there’s less of a rationale and because the previous fund will likely not be as supportive of re-recruiting efforts as a bank will (I could see it even being risky in terms of getting a return)
Yes.. everyone I know who's super qualified are choosing to skip the 2-year IB stint and moving straight into PE/PC/HF out of undergrad.
What are seen as the top HFs that take undergrads?
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