Thoughts on MF Analyst Programs?

Based on who you know has made it into these programs (BX/KKR/WP/SL), who are these programs targeted to?

Can a non-div student from a top target (without connections) actually make it with strong internship experience?

20 Comments
 

Speaking for blackstone specifically, you won’t get anywhere without a referral. Start networking sooner rather than later.

 
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I am part of the internship recruitment team for one London-based large cap PE fund that offers an Analyst programme.

Our key CV screening criteria are a degree from a target university with strong grades and at least one prior Tier 1 internship in Banking (BBs + EBs) or Big3 Consulting.

We are obviously trying to add as many diverse interns as possible but are not willing to lower our standards described above.

If you are then making it through the interview rounds and impress your co-workers during the internship, you get a return offer as Analyst. So far, we have not hired first-year analysts without an internship before.

 

How do you view someone with a non target Bachelors and an Oxford/LSE/LBS/HEC masters? Do language skills matter?

 

We definitely consider someone with a master from a target as good candidate. There is actually one analyst at one of the MFs who studied at a non-target, did Masters in Finance at a target and then interned after a BB internship.

Language skills are a plus but not a prerequisite. Given target markets, most European funds have a slight skew to anyone with a relevant Continental European language (French, Italian, German, Spanish, Dutch, Swedish, etc.)

 

Could you please share how recruiting interns works in London? Can I apply for the internships through your website, do I need to reach out to HH, or is networking the best approach. Further would appreciate it if you could share which firms in London to your knowledge are taking interns (non-nepotisem). 

 

Most funds work with a headhunter and you can usually apply via a website or need to reach out to some of the associates at LinkedIn to get you in touch. I heard that former interns oftentimes get contacted and ask to let potential candidates now whom best to contact.

I personally heard of well-established internship programs at Silver Lake, Blackstone, CD&R, Advent (Frankfurt), Cinven (London, Paris & Frankfurt), BC Partners (Hamburg), Triton (Frankfurt), PAI Partners (Munich).

I also heard that KKR, Permira and Bain Capital are now offering internships but don’t have a confirmation on that.

I am probably missing some above.

 

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