Q&A: Non-target to Private Equity

About

  • An Associate at a private equity firm focused primarily on consumer and retail products
  • Generalist M&A full-time role at a bulge bracket bank
  • Throughout my journey, I've also sat across the table several times, playing the role of interviewer and resume reviewer
  • Went to a non-target university and graduated with a Finance & Economics double-major

WSO Mentors

Do you want a 1 on 1 mentoring session with me? Here's my mentor profile - click here.

WSO Podcast:

Part 1

Member @km190 gets into the details of what made him stand out from his peers in order to make it to IB and eventually PE from a complete non-target. This is a 2 part series since we go in depth. In part 1, we cover his serendipitous meeting at an info session and his path to IB from undergrad.

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Part 2

In this segment, we cover his struggle to make the transition from investment banking to private equity as well as his jump from his first PE fund to the one where he currently works. Find out how he eventually broke in and why he left his first PE fund.

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Most Helpful

Happy to help. You have to have a certain level of awareness and humility, and that needs to show in your conversations with networking contacts and interviewers. I briefly touched on this in the podcast, but make sure you are coming off as i) knowledgeable, ii) capable, and most importantly, iii) natural. It can't be said enough - the people you are chatting with are normal and expect you to be the same. Most of the time, I argue that people will pick the semi-capable, social guy over the very introverted, overly capable guy. Cultural fit is critical.

This was my primary focus throughout my processes and I believe it helped set me apart.

I ended up in PE through standard recruiting channels. We'll touch on that and other related topics in the second part of the podcast.

Career Advancement Opportunities

May 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 99.0%
  • Warburg Pincus 98.4%
  • KKR (Kohlberg Kravis Roberts) 97.9%
  • Bain Capital 97.4%

Overall Employee Satisfaction

May 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 98.9%
  • KKR (Kohlberg Kravis Roberts) 98.4%
  • Ardian 97.9%
  • Bain Capital 97.4%

Professional Growth Opportunities

May 2024 Private Equity

  • The Riverside Company 99.5%
  • Bain Capital 99.0%
  • Blackstone Group 98.4%
  • Warburg Pincus 97.9%
  • Starwood Capital Group 97.4%

Total Avg Compensation

May 2024 Private Equity

  • Principal (9) $653
  • Director/MD (22) $569
  • Vice President (92) $362
  • 3rd+ Year Associate (91) $281
  • 2nd Year Associate (206) $268
  • 1st Year Associate (389) $229
  • 3rd+ Year Analyst (29) $154
  • 2nd Year Analyst (83) $134
  • 1st Year Analyst (246) $122
  • Intern/Summer Associate (32) $82
  • Intern/Summer Analyst (316) $59
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”