Reference Checks
Hey guys,
Quick question, I am in the process with a few HF and PE firms (Current IBD analyst) and my fear is that the fund im interviewing with will call around and ask people about my performance ( I have nothing to worry about on that front)... But my fear is that people will get the hint that I could potentially leave early and it may actually hurt me if I dont join "X" fund? Does anyone have any experience with this?
Also, do all firms check references at the junior level? I have them, but I dont think they know that Im looking at immediate start options in addition to summer opps and obv afraid it could hurt me. How does this work?
They will definitely check but only if you make it far enough. And they'll give you a heads up. Why not direct them to people you're ok with finding out?
Of course I would, given the opportunity. One of my buddies had a similar situation and was not alerted that they were reaching out to random people they knew at the firm and it hurt him more than help him (Was confronted by a Director in his group)
I have 3 references, 1 from my current bank, 1 from the HF I interned with, and the other a teammate/guy i volunteered with/started a club with. Does this make sense or should they all be from my current bank?
no one cares about the volunteering. you should definetly have at least one more reference at your bank, preferably an MD
Yup for sure. Alot of people that i have spoken with (Mostly HFs) told me they want someone in that capacity. Who can really speak to your character/who you are. Obv, hedge funds are a bit different than PE firms because they usually are not making a long term investment in their talent....Id love to get some more data points?
bump?
I'm worried about this as well..
Just be honest and upfront with whomever the recruitment point person is about your concerns. PE firms are sensitive to this because it is an issue for many candidates.
I hired an associate this year who had the same concern so I did reference checks after he accepted the offer. Just keep in mind that until the guy accepts the offer and all reference checks clear, I have to keep the 2nd and 3rd best candidates sitting around waiting to hear back whether they are getting an offer or not. I hate doing that so very much appreciate a candidate working with me to get reference checks done quickly as well as accepting/rejecting an offer quickly.
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