Post-MBA PE Recruiting Question

Slightly nuanced position I'm in here. I went to target undergrad, did 2 years of BB IB and then worked at a MM PE firm. I was let go by said firm after a little over a year and am now going to BSchool starting this fall. I will likely land at W / Booth / CBS / Kellogg (currently have interviews). 

I'm aware I'd likely stepdown in "prestige / size" into MM/LMM land and also prob be an Asso or at best Sr. Asso. 

Is this post-MBA PE recruiting a viable option for or it time to just hang up the buyside boots? Also considering a search fund / startups / corp dev. Thank you and appreciate any insights here.

7 Comments
 

Based on the most helpful WSO content, your situation is not uncommon, and there are several paths you can consider:

  1. Post-MBA PE Recruiting:

    • While it's true that post-MBA PE recruiting can be challenging, especially without a seamless pre-MBA PE track, it is still a viable option. Many post-MBA PE roles are in MM or LMM firms, and stepping into an Associate or Senior Associate role is realistic.
    • Your target MBA programs (W/Booth/CBS/Kellogg) are well-regarded and will provide you with a strong network to leverage during recruiting. However, keep in mind that competition is fierce, and firms often prioritize candidates with uninterrupted PE experience.
    • To improve your chances, focus on networking early, leveraging alumni connections, and targeting firms that value your prior experience in MM PE and IB. Highlighting your adaptability and the lessons learned from your previous role will also be crucial.
  2. Search Funds:

    • Search funds are a great option for someone with your background. They allow you to leverage your PE and IB experience while taking on a more entrepreneurial role. This path is particularly appealing if you’re interested in running and growing a business.
  3. Startups:

    • Transitioning to startups, especially in a finance or strategy role, can be a rewarding pivot. Your skill set from IB and PE is highly transferable, and many startups value professionals who can bring a structured, analytical approach to scaling their operations.
  4. Corporate Development:

    • Corp Dev roles at large companies are another viable path. These positions often value candidates with IB and PE experience, as they involve deal-making, strategic planning, and M&A activities. This route can offer a more stable and predictable career compared to PE.

Key Considerations:

  • Networking: Start building relationships with alumni and professionals in your target fields as soon as possible. Your MBA program will be a critical resource for this.
  • Clarity of Goals: Be clear about what you want from your next role. Whether it’s staying in PE, transitioning to a search fund, or exploring startups, having a focused narrative will help you stand out during recruiting.
  • Optionality: If you’re unsure about committing to PE long-term, exploring other options like search funds or Corp Dev can provide flexibility while still leveraging your existing skill set.

Ultimately, post-MBA PE recruiting is viable, but it will require strategic planning and effort. If you’re open to alternative paths like search funds or Corp Dev, you’ll have additional opportunities to consider.

Sources: How are Booth, Kellogg, and Columbia for Post-MBA PE?, https://www.wallstreetoasis.com/forum/private-equity/going-from-mm-investment-bank-to-mega-fund?customgpt=1, Lesser known MBA career options? Looking for advice on what to do post-HBS., From PE >> Startup >> Back to PE, Ask me anything - Non Traditional Background to MM PE to H/S/W

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Yeah, it was more like 1.25-1.5 years but was performance related reasons. I came into the Associate program pretty complacent and not as buttoned-up as I should've been. The references wouldn't be glowing but was told the firm would also only share dates of employment if asked (which obv implicitly says something).

Essentially, much more aware and motivated now and would like to try again.

 

Nothing substantive, a couple potential platform deals that died in the early rounds and one that the we couldn't align on price expectations with the seller / co-founders later. 

Worked on a sleepy slightly underperforming PortCo that people didn't really care about.

 
Most Helpful

Ok got it. I'd say that a post-MBA role is pretty impossible given (i) limited tenure in PE (will be competing with peers with 2-3 years of experience), (ii) limited deal experience (slots will generally be prioritized for those who have closed platform deals), (iii) weak references, (iv) general competitiveness given narrowing of the pyramid at post-MBA.

I think you'd be better suited to restart somewhere as an associate (either A1 or A2) (after MBA), but you'll be challenged to thread the needle on timing given many slots are filled 1-2 years ahead of start dates (as you know from your original recruiting). Your weak references are also going to hinder you (whether they ask formally or back-channel). Be prepared with a buttoned-up story/pitch.

Not trying to be negative, but I think generally uphill battle to find your way back in.

 

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