Cutting to the point, what are the odds of a non-diversity student at a top target school breaking into a PE program out of UG. More importantly what are these firms (I’ve heard a few here and there but some don’t hire anymore etc), and how is the prep different than general banking.
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0. In fact, less than 0, because you're too much a fucking dunce to look at the literal dozens of threads of you fucking dopes asking this same question every other month and the plethora of answers people give to each of them. How is the prep different? Fucking look it up you lazy waste of ejaculate. You probably couldn't even explain the differences between the two if you're asking such a dullard question. How in god's name you made it into a target school while lacking the most basic aspects of common sense and initiative is astounding.
It's numbskulls like you that make everyone in this industry more and more hesitant to want to help anyone that reaches out to them out of fear they're ushering in some lukewarm IQ mouth-breather that will instinctively ask the first questions that pop into their empty little heads like they're talking to a search engine instead of taking 2 seconds to critically think about how they might be able to answer the question themselves instead of wasting other people's time. JESUS CHRIST!!!
I mean you’re not wrong but is this rlly necessary
Absolutely. Screw answering these dumb kids' questions over and over.
it is
U probably scared him lol. Now he gonna think everyone in the industry is an asshole when in reality we are all just normal money loving people in our 20s
Take a long walk off a short pier intern.
.
You clearly have a huge piece and are the most magnanimous person alive. Where should I mail the presidential letter and medal of coddling to?
Nah let him cook. Negative reinforcement works.
Chill dude, now we all know you didn’t go to a target school
I didn't and yet I still ended up at a top BB and UMM fund because I'm not a fucking simpleton like OP and actually thought through this career path/did research instead of using working professionals as my fucking google search. So kindly stay in your lane, consulting swine.
Hallelujah someone said it
Justified ream out.
Depends on the firm. MFPE out of undergrad is crazy hard. I got a summer analyst position at a MM firm though which recruits out of the program. This is one of the few firms I’ve heard doing that though. Just reach out to people and do your research. The prep was pretty similar to banking in terms of some of the technicals. The case studies and modeling tests were quite tough though. Also don’t get discouraged by the words others say on this forum. This site-much as it is helpful-is also a breeding ground for negativity.
Depends if your goal is a MF PE program or anything in PE like MM. In my opinion I would rather take a top IB offer than a MM PE offer out of UG, but again it’s subjective.
For MFPE, a 4.0 at Harvard that is non diversity prob has 0.1% chances, so I think focusing on probabilities is nonsense (there are so many other external factors that play a role, the most important being family connections).
Stop focusing on the probabilities and just do what u gotta do. Prep behaviorals and technicals, get a 3.9+ GPA or as close as u can, overprepare, look at the IB guides, look at the PE guides, YT videos, etc. then apply for everything IB/PE related and when u have a couple offers you can decide which is better.
IMO the people that get the top PE spots are not only flawless on paper and know all the typical guides but also have an accumulation of experiences that allowed them to start to develop that logical reasoning and “investor mindset”. What i mean by this is that not only they can memorize the DCF steps, but also solve questions that they weren’t expecting on the spot.
An example of this could be “how would you value a cruiseship/AirBnB/coffee shop”. Maybe u never prepared for that question, but the person that has been in his student investment fund for 2/3 semesters + understands relative and intrinsic valuation will be able to rationalize how to apply the “theory” in a more pragmatic scenario to value the asset and think what the main value drivers are.
This is a very simple question if talking ab MFPE processes (u need to know paper LBOs and other stuff u can find on wso), but the point is that u can get into IB by just memorizing formulas and definitions, but in general PE requires more problem solving skills.
Bro like lowkey you can’t ask this question on this forum. I made a similar mistake and got destroyed. Unless ur at Wharton or Harvard or Princeton u don’t stand a chance (and in general unless u have super nepo for ur freshman and sophomore summer and term time in PE you still stand no chance).
Blackstone kkr ares are the MFs that I know recruit. But honestly their training programs are pretty shit compared to the top banks so you would rather just do banking cause the top bucket banking analysts that go to PE as associates run circles around the guys who start in PE out of undergrad
Also u have no chance in general anyway as non diversity.
But if ur dead set on PE then MM and UMM there’s a lot more opportunities that randomly open over time.
Btw BCP only opens like 2 months before the internship starts and poaches the kids at top banking programs from what I understand
This is the answer ur looking for with some shade (because that’s the wso way) so ur welcome
That's not totally accurate. There's a ton of MM and LMM funds that hire analysts right out of undergrad (plenty of whom are non-targets). Just off the top of my head for software funds and including a few other MF/UMM names: Bain, Insight, Vista, Battery, AKKR, Banneker, K1, Turn/River, Alpine, Cove Hill, and (I think?) LLR all run analyst programs for their buyout/growth funds (usually sourcing-focused for the latter). There's dozens more I know exist out there and almost certainly 100-200+ funds (not to say they hire every year) across all the different sectors and if you include secondary shops, co-investment roles, etc. More often than not the ones I've spoken to aren't diversity (MM/LMM firms care less about this in general).
Granted, for the top names they generally do focus on target schools and do lean heavier towards diversity. But let's not act like there aren't numerous opportunities for PE analysts out of undergrad or with just 1yr of exp.
OP - As for differences prep... use google/ChatGPT or just buy the WSO course man it's like $200. Not a hard question to answer on your own and you're going to deservedly get shit on when you ask such basic shit for no other reason than being too lazy to do the work yourself.
I did say there’s a ton of MM and UMM that opens up but yeah not too sure about LMM, I recruited this year from a target school and didn’t see that many opportunities either to apply to
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