Undergrad PE Recruiting Resources

I am an undergrad interesting in recruiting buyside for my junior internship. I am doing a smaller buyside role this summer and want to work in PE full time (if a program has good training for summer and FT analysts)— I haven’t chosen a specific strategy or fund type nor do I think I have the liberty to do so yet. Regardless, I feel a little bit lost with the process. For IB recruiting, there’s a set of standardized resources (like the BIWS 400, which I completed before realizing I wanted to go directly into an investor role). 

Does anyone know of

1) PE-related resources that would help an undergrad build intuition about the field? I.e., case studies, books on investments, guides, videos, primers etc. 


2) Casing / interview resources that help with the actual recruiting process?


Lastly, are these processes as networking-heavy as investment banking? I’ve heard it’s generally not, but wanted to hear more perspectives. 


Any help is appreciated! Thank you.

 

Hey there, future PE superstar! You're asking all the right questions, and I'm here to help you navigate this jungle.

1) To build your intuition about the field, I'd recommend diving into some practice models and case studies. These can often be found in the internal folders of various groups, or by reaching out to friends in other groups. Reading industry primers from research analysts and books like Competition Demystified can also be very helpful.

2) For the actual recruiting process, it's important to understand the three main hurdles: impressing the headhunters, getting through the fund's screening, and then the actual recruiting kick-off. If you're in a group like PJT RSSG or MS M&A, you might be able to skip the first two steps.

As for resources, there are several interview guides available that can help you prepare. I wish I had known earlier to reach out to friends in other groups for these materials, as they were incredibly helpful in my own preparation.

Lastly, while networking might not be as heavy as in investment banking, it's still a crucial part of the process. You'll want to connect with your friends in other groups, and also with 2nd years in your own group who have gone through the recruiting process. They can give you invaluable advice and possibly even a recommendation.

Remember, the PE industry is competitive, but with the right preparation and resources, you can definitely make your mark. Good luck!

Sources: Basic Questions About PE Recruiting Answered, https://www.wallstreetoasis.com/forum/investment-banking/advice-for-undergrads-going-into-ib-interested-in-pe?customgpt=1, Private Equity Recruiting Process (From Banking)

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Nisi corporis iusto veritatis labore dolorum minus qui. Praesentium non quas totam inventore. Est nobis dolorem incidunt autem repudiandae aliquid fugit. Accusamus nihil deserunt libero alias occaecati. Assumenda odit odio sit amet qui dolor.

Repellendus vitae qui omnis voluptatem perspiciatis unde sunt et. Saepe enim natus provident consequatur est. Quis enim accusamus fuga. Repellendus quis similique rerum quis nihil. Et tempora et iusto amet rerum qui.

Deleniti praesentium tenetur natus ut. Aut eius quos facere delectus totam. Exercitationem excepturi sit doloremque. Reprehenderit voluptates illum est quia magni deserunt enim.

Career Advancement Opportunities

March 2024 Private Equity

  • The Riverside Company 99.5%
  • Warburg Pincus 99.0%
  • Blackstone Group 98.4%
  • KKR (Kohlberg Kravis Roberts) 97.9%
  • Bain Capital 97.4%

Overall Employee Satisfaction

March 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 98.9%
  • KKR (Kohlberg Kravis Roberts) 98.4%
  • Ardian 97.9%
  • Bain Capital 97.4%

Professional Growth Opportunities

March 2024 Private Equity

  • The Riverside Company 99.5%
  • Bain Capital 99.0%
  • Blackstone Group 98.4%
  • Warburg Pincus 97.9%
  • Starwood Capital Group 97.4%

Total Avg Compensation

March 2024 Private Equity

  • Principal (9) $653
  • Director/MD (21) $586
  • Vice President (90) $363
  • 3rd+ Year Associate (88) $280
  • 2nd Year Associate (204) $268
  • 1st Year Associate (384) $228
  • 3rd+ Year Analyst (28) $157
  • 2nd Year Analyst (83) $134
  • 1st Year Analyst (245) $122
  • Intern/Summer Associate (32) $82
  • Intern/Summer Analyst (312) $59
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”