Regional BB to NY PE

Question

I’m starting at a regional BB this summer and looking to recruit for UMM/MFs in NY when on-cycle recruiting comes around in the fall.

I would love to hear some stories from people who have done this is the past. How did you get recruiters and interviewers to take you seriously regarding the move? Logistically, did you just buy a plane ticket as soon as you heard when everything was suppose to kick off?

Thanks

Frisbee · Accepted Answer

Regional offices did not get nearly as many looks for NY PE as NY banks on-cycle. Most strong regional candidates I knew got two looks max, while less strong NY candidates easily got 5-6. There's just plenty of great candidates in NY, so given how early and unpredictably fast-paced on-cycle is, headhunters are not rewarded for looking regionally. Off-cycle is a different story.

Probably not what you wanted to hear, but that's the truth.

texan44 · Answer

Current analyst at a BB regional office and would agree with the poster above. With on-cycle occurring during the first month on the desk, I spoke with the head hunters in while at training in NY. While I felt I had a competitive resume and relative deal experience from the summer, there was the elephant in the room of being at a regional office. They were generally somewhat honest that it would be difficult for me to make it to NY with the speed of on cycle.

When on cycle interviews came out, I received one MF interview but had no contact in terms of pre-recruiting coffee chats/calls.

throawayman3224 · Answer

I would have to disagree with the posters here. Currently working at a regional office. Made contact with HHs early, told them I want to be in NYC and booked a flight to NYC when interviews kicked off. I

definitely got more than "2 looks."  It's absurd someone would claim regional offices constrain you to "2 looks."

Yes, it's tougher relative to a kid from PJT M&A in NYC but still very doable. I got an UMM offer on-cycle. It is tough to get there from a logistical perspective but being at a regional office did not affect the looks I got (didn't have any hooks either).

Rages_Polk_LLP · Answer

As people have mentioned it's very difficult. Best bet is to try to get to NYC, but if you can't do that it isn't impossible. While it's tough to get into MF on-cycle interview processes, the off-cycle processes are much slower and more accommodating of folks from different offices. It's key to have a good relationship with headhunters though, as they're the gatekeepers. I'd be very upfront about wanting to be in NYC when meeting with them (and having very good reasons why) and generally crushing those initial meetings.

Networking is also helpful to an extent.

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Regional BB to NY PE

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