PE recruiting - Anyone started interviewing?
Has anyone started interviewing with large cap PE firms for summer 2010 jobs?
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I know of quite a few first years with offers... Apollo, Bain, Carlyle, etc.
I know that KKR and TPG are still in process.
why do they interview so early?
I'm making it up as I go along.
Yes, the process has started at many firms (see those mentioned above). However, many firms are a bit late this year and haven't started recruiting yet.
As far as why they interview so early - I have no idea, it seems dumb to me. Some analysts are interviewing before they've even gotten their first year review, or before they've closed a deal.
It's an arms race - the same reason that banks present on campus the first few weeks of school.
In 2008, interviews started in April.
have the sf middle market/tech focused shops finished recruiting?
along the likes of francisco partners, thoma bravo, vector capital, genstar capital, golden gate, friedman fleischer & lowe, TA associate et al.
most are finished or wrapping up (final rounds, collecting acceptances and doing second-chance supers with candidates they've kept warm when they don't get acceptances) if not.
I work at MBB, and as far as I know, most megafunds have completed their processes. I'm going to a megafund in fall 2010
genstar, ffl, ta will start soon.
ledger123: what? my classmates have already interviewed at those places weeks ago.
genstar and ffl just recently reached out to our bank for interviewees. perhaps this is their 2nd round of candidates? how did your classmates do?
any more news out there?
Many of the megafunds have finished their recruiting. I know Providence took on a total of 5 pre-MBAs for Summer 2010.
how about for mm funds
Providence is getting killed right now - not many would consider them a megafund, post-LEH. If anyone's in a position to choose, I would go for the "generalist" shops like BX, Carlyle, TPG, etc. over the more niche funds like PEP, SL, or JC Flowers.
or did they cut down the list?
Hi all,
I'm working in a large investment bank and have gone through the recruiting process for Summer 2010 at PE firms. I have a good resume and educational background so I've had the chance to interview at a handful of the megafunds, a few really good MM firms, a few smaller ones, etc. I wouldn't say I interviewed the most among my peers but certainly haven't lacked opportunities. However, I haven't done that well on interviews..lack of preparation coupled with interview anxiety, coupled with perhaps just the competition/lack of technical experience so far...etc. I seem to do well until the middle/final rounds, then it just doesn't cut it.
I'm still wrapping up a few interviews at two good PE shops, but I really don't think I have an excellent chance, given the number of candidates I know they are looking at. Provided I wrap them up (in a week or so), and if I don't get an offer, would you take a third year offer at my existing bank?
I'm leaning towards taking it, mostly because: - Most of the big firms have probably finished recruiting, and even the good MM funds. I'd be either waiting for recruiting throughout next year or smaller funds. Please note that I have been interested in working outside of the US - i.e. in Asia, and I realize recruiting for that will pick up early next year. - Even if I continue recruiting, I'm not sure I would do extremely well - clearly, I seem to not do very well in interviews, though I'm improving..... - To be honest, I'm a bit tired of recruiting at this point - People in my group really liked me and went out of their way to mentor and recruit me - so it's certainly not a bad choice - This year, I think my IB paid around $200k for third yr analysts with bonus..which at this point might not be too far off from middle market funds, though I assume still a far cry from the megabuyout funds (anyone knows?)
My question is - what are your thoughts on what might be coming up in the recruiting cycle these next few months? If it's a question of waiting until...May or June, when I'm about to finish my second year, I don't think I'd like to wait.
Any advice would be very much appreciated. Thank you very much.
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