Recruiting for PE at an IB where you don't own the model
Title. Curious how hard recruiting for PE if you financial modeling skills are naturally not as polished. Incoming SA27 at a bank where the associate holds the pen on the model, and analysts get some work.
How will this affect PE/PC recruiting?
Not an issue as long as you can pass model tests. Honestly, the modeling you do on the job doesn’t prep you for the model tests, so you have to study either way.
Aligned, just self study and know your deals well.
Arrive with perspectives on the companies (would you invest, pros/cons, industry trends, etc.) and a crisp talk-track on your role (workstreams managed, analyses performed (ideally can provide other examples of Excel/analytical prowess without owning the model)).
Also, an extra PSA (not that you mentioned this), but don't fake it. If you have two deals - (i) high profile but you had a tiny part and barely know the business, (ii) you owned a ton but it's small/unsexy, absolutely focus on (ii). Interviewers want to test your thinking skills and get a sense for what you're learning on the job, a big EV won't impress anyone.
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