Oncycle From Outside NYC
I will start FT in a solid group that would allow me good PE options post banking, but the group is not in NY. Long-term my goal is to be in NY for family reasons and I would like to participate in PE recruiting in NY. I have spoken to multiple investment professionals at firms that do oncycle and have been told that my background is a good fit and should have no problem in an interview.
However, I am worried that it will be impossible to participate in oncycle as I am not in the city. Does anyone have insight on whether this is possible or how firms would deal with this situation? Possible solutions I see are zoom interviews, or I could always travel to NY for the day, but I am not sure how possible these are as the firm might want to speak to all candidates in person and it will be hard to get away from work for the time needed to travel.
Thanks in advance for the advice.
It will be a struggle unless your group has a history of sending to NY
What city is your group based in? In some cases, you will be fine if you come from like a group that has a history of east coast exits like a GS TMT or MS TMT. But ultimately time zone and being in a different location will always make you a tier 2 candidate compared to a lot of NYC candidates (there’s simply too many others who are just as qualified and already in NYC). You will probably need more than a day in NYC to be successful but rather probably 2-4 days. That being said there are some places that are very zoom friendly, but you will limit your pool ultimately by being in a different time zone and only zoom accessible.
Happy to answer specific questions. I was on the west coast and spent several days in NYC to land my job during on cycle in large cap PE. I can generally say I wouldn’t recommend it as the path to go if you know you want NYC, but that might not be possible for you anymore if you have a full time role.
East Coast non-NYC, so time zone shouldn't be a difference, but would have to travel for in person interviews
I would suggest planning to be in NYC but zoom can also be fine for some firms.
In a similar boat as well to OP and appreciate the input. I had two questions if possible.
1. How did you go about telling your team that you had to be in NYC during on-cycle? (I.e. did you come up with an excuse or were upfront about it)
2. Was there a lot of pushback by HH and interviewers for being in a non-NYC group or was the reputation of the group enough that they didn’t really consider it a factor? It’d be super helpful to hear as I want to be mindful of where I have chances and where I don’t.
Thanks!
Thanks for the response - super helpful.
On cycle is before you hit the desk these days so not an issue/you’ll be in nyc anyways for training.
First rounds are on zoom but superdays in person so just say you’re sick and fly in that morning/leave that night and you’ll be good. Can ask associate to cover.
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