Question about recruiting

Hello,

I am starting at a T2 Consulting firm in October. I chose the later start date (majority of the class started this week) because of a wedding I have to go to, and also just wanting more free time. This week, I was emailed by a PE HH recruiter for the initial screening call. Available dates to schedule only go until the end of October. I do not have experience with modeling / LBOs because I was told by people at my firm that it's mostly learn on the job. The T2 firm is traditionally heavy in PE DD. My questions are:

- Should I respond and schedule the initial meeting now?

- Should I start studying for LBOs now, and then schedule the meeting even though it will be before I have any deal experience / even begin my job? 

- Should I ignore the email altogether, assuming they will reach back out in the future? 

I guess I'm also a bit confused about the recruiting timeline. I have some friends starting at MBB in Jan, I am starting in October...when I would do this call, would they expect me to have no deal experience? No modeling experience? Will they reach back out after I complete a full year/is this typically when I'll start getting more inbound HH recruiting emails?

Thanks

5 Comments
 

Based on the most helpful WSO content, here’s how you should approach this situation:

  1. Should you respond and schedule the initial meeting now?
    Yes, you should respond and schedule the meeting. Headhunter (HH) meetings are critical as they act as the gateway to private equity recruiting. Even if you lack deal or modeling experience, these meetings are more about understanding your background, gauging your interest in PE, and building a relationship with the HH. They are equivalent to first-round interviews, so take them seriously.

  2. Should you start studying for LBOs now?
    Absolutely. While you may not have deal experience yet, knowing how to do a paper LBO is essential. It’s a common expectation during HH meetings, and being prepared will help you stand out. Focus on mastering the basics of LBO modeling and understanding the private equity landscape. Resources like GoBuyside and departing colleagues can be invaluable for preparation.

  3. Should you ignore the email altogether?
    No, ignoring the email is not advisable. Even if you’re not fully ready, engaging with the HH now helps you get on their radar. If you skip this opportunity, there’s no guarantee they’ll reach out again later. However, if you feel unprepared, you can politely ask to schedule the meeting closer to the end of October to give yourself more time to prepare.

  4. Recruiting timeline and expectations:

    • Timeline: PE recruiting often starts as early as October/November for analysts at BBs and EBs, with HHs reaching out around this time. For consultants, the timeline can vary, but it’s not uncommon for HHs to reach out early, even before you’ve gained significant experience.
    • Expectations: At this stage, HHs don’t expect you to have deal or modeling experience. They’re more interested in your story, why you want to transition to PE, and your long-term goals. However, being able to articulate your interest in PE and demonstrating some technical knowledge (like a paper LBO) will leave a strong impression.
    • Future outreach: If you don’t engage now, HHs may still reach out after you’ve gained more experience, especially if you’re at a T2 firm with a strong PE due diligence focus. However, it’s better to establish a connection early and keep the door open for future opportunities.

Action Plan:

  • Schedule the meeting for late October to give yourself time to prepare.
  • Start studying LBOs and PE basics immediately. Focus on paper LBOs and understanding the types of PE firms and deals you’re interested in.
  • Use the meeting to build rapport with the HH and express your interest in PE, even if you lack experience. They’ll appreciate your proactive approach and may guide you on next steps.

Good luck, and remember, early preparation and engagement can make all the difference!

Sources: Q&A - Left First Undergrad with Sub 2.0 GPA====>Booth MBA/"Tier 2" Consulting, PE Recruiting 2020 Information Thread, Basic Questions About PE Recruiting Answered, Private Equity Recruiting Walkthrough – My Experience, Q&A - Left First Undergrad with Sub 2.0 GPA====>Booth MBA/"Tier 2" Consulting

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

Not based in the US, so I won’t comment directly on the recruiting timeline specifics. But a couple of points might help:

  • If a headhunter has emailed you, they’ve already seen your CV or LinkedIn. They know you don’t yet have deal reps or heavy modeling experience. My guess is that this is more about gauging your interest in PE in the short/medium term and putting you on their radar for when the right role comes up, rather than expecting you to be technically polished right away.
  • Don’t expect the first screening call to be highly technical. It’s usually more about your story, motivations, and how you’re thinking about your career. That said, some self-study on LBOs/modeling will definitely help, not so much because they’ll test you hard on it right now, but because being able to talk through how you’re proactively bridging the gap will show initiative. Be ready to explain how you’d structure a simple model, and make it clear that you’re practicing on your own ahead of your role.
  • Think about the “why PE?” and “why not other paths?” questions. Sharpen your short/medium-term career narrative so you can give thoughtful answers even if your technicals are still light. This is arguably more important at this stage than being able to crank an LBO.
  • Don’t ignore them. Definitely respond. Even if it’s your first call with a HH, it’s a chance to build the relationship, test yourself in a low-stakes way, and learn what they ask.

A big part of PE is commercial judgment and communication, so selling yourself even with limited deal exposure is part of the skillset. If you have gaps, frame them as areas you’re actively working on (studying LBOs, leaning on your network, etc).

In short: don’t overthink the lack of experience, but don’t waste the chance either. Take the call, prepare enough to show you’re proactive, and treat it as step one in building a relationship for when you’re really ready to recruit.

 

I've seen online that others say that if you mess up the HH screenings, you're screwed...I guess I just don't want to fumble those, given I have no deal experience. If I schedule the call, should I make sure to clarify/emphasize that my role starts end of October, or leave that for her to piece together 

 

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