PE - Recruiting with weak experience
Hi all. I will try to keep this short.
Basically, I was let go from an IB job at a EB / European BB. Luckily, they structured it so as to seem that it was mutual.
During my time there, I didn't get any live deal experience; things were slow (think interest rate hike period), and my only real experience was building sponsor pitches, pulling financial data, learning shortcuts, PP, excel data, etc / building tables.
My year prior, I was at a small boutique. There I got a lot of live deal work and modeling work, but small shop so no closed deals and the models were iffy at best.
The only LBO experience I have is 5-10 practice LBO's I did for recruiting last year.
Basically, 2 years of banking. Can't do an LBO fully, but understand it conceptually. I know modeling, I know how to use aggregators, etc. I am probably going to take the WSO LBO course.
My question is - what exactly is expected of me for a PE ass1 role? Considering I can't join on board immediately and start pumping out / leading model builds, am I even qualified? I ask my peers and they seem just as unqualified as me, but that's all anecdotal. How can I prepare myself better and am I falling behind?
Thank you, and sorry for any mistakes!
Magni autem at omnis. Dolor eos illum pariatur commodi nobis aut. Dolores nesciunt animi neque dolorem voluptas non eos. Voluptas enim repudiandae omnis et unde pariatur.
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...