PE Analyst Programs
Hello, just wondering if anyone has a list of firms that hire analysts straight out of undergrad and participate in FT recruiting (after 3rd yr summer). Specifically looking at MF and UMM. Thanks!
Also, I have heard that SL got rid of their analyst program. Can anyone confirm?
KKR: PE (divided into TMT, Industrials, C/R across Menlo, NY), Credit, Growth Equity
Blackstone: Generalist, NY; Credit; Tac Opps
Warburg: no intern program, analysts divided into Tech, Tech buyout, IBS, etc in NY
Bain: Generalist with sector rotation program in tech, HC, etc in Boston; Credit; Growth Equity
Vista: Software (generalist btw buyout and growth equity) in SF, Chicago, Austin
Ares: PE and Credit in LA
FP: Tech focused in SF, only started program a few years ago, takes 2 a year
BDT: Merchant bank in Chicago
GA/Insight/Summit: almost all sourcing vs diligence focused
My advice (for learning and career optionality) would be to only go for the buyout groups of the above. The credit/growth equity jobs will be relatively less analysis and limit future opportunities.
Strongly disagree with the notion that you should only go to these firms to do buyout. Almost all the MFs have built out other successful strategies that offer just as good of careers as the buyout groups (important to note that I’m not saying all the other strategies at all MFs are great; there are some bad ones too, so you have to do your diligence. But the idea that you shouldn’t go to Blackstone to do growth or Bain to do special situations/credit is ridiculous)
I said that buyout groups provide more optionality (most juniors/seniors don't know what they want to do)--is this not true?
Completely disagree on not going unless it’s traditional buyout. For example, BX SS and KKR Credit/GE are not going to be limiting to your career relative to buyout, that’s silly.
Curious to hear the forum’s thoughts if they would take any of these offers over IB? Is that the move nowadays esp given the competitiveness of on cycle and the greater exits from a PE analyst program (same potential PE exits, along with ability to immediately enter HF VC etc)
Also would just note that getting your foot in the door via the analyst program at one of the above mentioned firms is so much more important than which group you're a part of. I started as an analyst in growth equity at one of these firms and now switched to a more buyout focused team, all while staying in the same firm and never having to recruit (very easy process to switch too, fwiw).
Not true at all for majority of funds. Good luck trying to switch at bx
How hard is it to land an analyst role in PE (at a known fund) straight from undergrad?
Hard. But get easier if you diverse + super target + did SA at a group that they would’ve targeted for on cycle anyways
We hire 3-4 analysts per year (MM/UMM) and it is highly competitive. Usually kids with 1-2 legit SA roles and honestly of the last class I think all had 4.0s except one kid with a 3.9 double major (finance/math). One was “non-target.” We care more about a demonstrated track record of success/intellect (ie the emphasis is on those SA roles and grades, less so school) because it’s quite the risk hiring analysts.
Think we have a really good program, though. Formal training is provided and they get paired with an associate mentor.
When does you firm begin FT recruitment, and when does it typically end/offers are extended?
Can anyone confirm SL? Are they canceling the whole thing or just the internship like WP
Both
Alright chatgpt
Lol Centre Partners has no business being on the same list with these other names. What was once a solid firm is now a LMM train wreck
Incidunt eius in culpa excepturi magni. Praesentium vero et sit nostrum iure quo. Voluptatem molestiae consequatur fugiat quaerat similique. Qui quis sit expedita dolorum eos. Minima architecto repellat facere et. Et eveniet explicabo autem eum.
Quas alias praesentium sit debitis alias iure numquam. Et doloremque et quo qui eum facere. Voluptatem quisquam laudantium facere alias veritatis perspiciatis. Iusto qui et dicta nihil cupiditate officia. Labore optio eligendi facere rerum dolorem unde reiciendis. Voluptates qui voluptatum sunt aspernatur dolorum ut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...