Vista Equity Partners 2021

Just saw that the application for the 2021 full time PE analyst position went live. My understanding is that this IQ test you get after you submit the app is very influential. Does anyone know the format / how to prepare? Thanks in advance!

Comments (154)

Jun 19, 2020 - 1:32am
RichardM, what's your opinion? Comment below:
scrub3410k:
I think it may just be the CCAT. You can find practice CCATs online. It's like 50 questions in 12 minutes? maybe 15 minutes.

This is the CCAT, indeed.

Creator of https://www.ccatpracticetest.com/vista-equity-partners-test/
Jan 20, 2021 - 2:41pm
leonardw, what's your opinion? Comment below:

50 questions in 12 minutes is the NFL's test of choice: the Wonderlic. Free version online, great to take as a prep for any of this style of test.

  • Intern in PE - LBOs
Jun 18, 2020 - 9:32pm

This website does a decent job shedding some light on the process: https://www.tsatestprep.com/vista-equity-partners-hiring-process/

  • Intern in IB-M&A
Jun 19, 2020 - 11:29am

curious to hear what people think of Vista's FT analyst program - i've seen some comments that you don't do any modeling work and they'll kick you out after the 2 years, or that they don't recruit top students, but Vista is a great name to have on your resume just out of undergrad. How is the FT analyst program viewed by yourself, classmates, or anyone you know in the industry?

Most Helpful
  • Associate 2 in PE - LBOs
Jun 19, 2020 - 12:22pm

My thoughts: - View on vista has changed substantially over the last few years, recently raised largest tech fund ever at $16bn back in june and have cemented themselves among the MFs and arguably the top tech investor in the world from an AUM/Return perspective. These guys absolutely crush it. - From what I've heard, associate owns the model and the analyst supports the associate on it, which basically means the analyst runs the analyses on finding the inputs for the lbo (what should we project revenue at/what is historical customer churn and why) and the associate puts it all together - A quick scan of their website/linkedin shows significant mobility up from analyst and no push out for an mba, though looks like they do hire from mba, picked up someone from hbs last cycle - In terms of MF PE analyst programs I know this is one of the ones that has been around for a while so I would guess the training would be phenomenal especially with how active vista is, you probably see a ton of cool deals (See: Jio investment alongside FB/KKR/SL a few weeks ago) - Culture is intense, not for the faint of heart, but at this level you kind of expect it - As you said, vista name on resume is killer for exit opps, past analysts have gone on to kkr/tpg/hbs/etc. - For the reasons above, I would absolutely view it as one of the most coveted positions out of undergrad if you know you want to do PE and like tech investing. Only hesitations would be if you like tech or if you dont want to be in Chicago/Austin for two years (I believe they allow transfers to SF for associates, and they have a NYC office I believe?)

  • Analyst 2 in IB-M&A
Jun 19, 2020 - 1:02pm

Thanks for the info. From what I could gather PE team sits in SF/Chicago/Austin, Hedge fund/Capital markets sit in NYC, and consulting group sits in SF/Austin

  • Intern in PE - LBOs
Jun 20, 2020 - 3:05pm

Thoughts on the pros/cons of starting a career in Austin/Chicago vs NYC? Are the cons meaningful enough to take a lesser PE job in NYC vs Vista?

  • Intern in PE - LBOs
Jun 19, 2020 - 12:33pm

Saw on another forum that their application is circulated around target schools first, is that the case right now or is there a public link somewhere? Would appreciate any info, thanks!

  • Incoming Analyst in IB-M&A
Jun 19, 2020 - 9:05pm

How difficult is it to land at Vista post IB? I am very interested in Tech PE but have already signed with a GS, MS, JPM, EVR, Q caliber group for 2021. How would their process compare to other strong tech investors like Thoma, Silver Lake, etc ?

  • Associate 1 in IB-M&A
Jun 19, 2020 - 10:19pm

All large cap PE positions are a blood bath to get. Think about all of the sharp type A people at all of the top banks / target schools each year and then think about all slots taken from nepotism/favor hires and you'll see why it is so difficult to get to the other side. SL & Vista hire analysts and promote most of them so they hire far fewer associates than say Thoma or H&F

  • Analyst 1 in PE - LBOs
Jun 23, 2020 - 4:33pm

Had a couple friends go thru process... from conversations with them, they've said it's all about getting into top x% of CCAT assessment. From those convos - have ascertained that Vista has a very systematic recruitment process, as the thread outlines above, so being well-connected isn't nearly as important as it is in banking recruiting.

  • Analyst 2 in IB-M&A
Jun 23, 2020 - 11:04pm

Whatever that percentile is it must be stupid high. I have a friend at a target with great experience who gunned for vista last year but didn't even make it past the test

  • Intern in IB - Cov
Jun 23, 2020 - 11:14pm

Anyone know if interviews are on a rolling basis or given out when the app closes?

  • Prospect in IB-M&A
Jun 24, 2020 - 2:59pm

Has anyone gotten an interview?

Jun 24, 2020 - 7:06pm
newyorkermonkey, what's your opinion? Comment below:

I've made it to a 2nd round interview before on their lateral analyst recruitment. Not to the superday 3rd round. Allegedly they like to have a huge funnel. Can confirm CCAT is an important data point but not the only one they look at.

  • Intern in PE - Other
Jun 24, 2020 - 9:22pm

To clarify - has anyone in this recruitment year gotten an interview yet?

Jun 25, 2020 - 3:33am
mgszn, what's your opinion? Comment below:

How does the personality assessment work? The invitation said it would be responding to statements about you, is this verbal responses or picking an answer on a scale (ie. Least Accurately Describes Me to Most Accurately Describes Me)?

Jun 25, 2020 - 9:36pm
nrajavasireddy, what's your opinion? Comment below:

Did people get the link to the IQ test immediately after applying or did it take a bit? Also did anyone else get a LinkedIn message from one of their recruiters asking you to apply ?

Jun 29, 2020 - 9:14pm
GMFifo, what's your opinion? Comment below:

Put my name in the hat but not expecting much. I've been told that they will review applications once the window closes (which I believe is July 5th?). Did anyone get a rejection email already? Perhaps maybe from not scoring high enough on the assessment which I assume is scored automatically?

Jul 2, 2020 - 11:23am
hi_monkey, what's your opinion? Comment below:

Spoke with the campus recruiter, the timeline is as follows: July 5th applications close, immediately sent link to IQ and personality assessments which you have 5 days to submit, July 13th first round phone interview, July 20th second round phone interview, August 3rdish virtual superday with 6 interviews

Jul 2, 2020 - 3:50pm
hi_monkey, what's your opinion? Comment below:

Not 100% sure, but what I'm assuming from how they worded it was that the interviews will happen throughout that week. Thus, July 13th is the first day they start (Monday) and they'll wrap up before the second round starts the following week if that makes sense. The entire process is super efficient so I would expect to hear back next week.

  • Intern in IB-M&A
Jul 2, 2020 - 4:03pm

I took the assessment and didn't receive a confirmation email that I had completed it. Is this normal?

  • Prospect in IB-M&A
Jul 5, 2020 - 11:30pm

Just got rejected as well. Sucks I spoke to like 5 people there. But that's what happens when u go to a non-target.

  • Intern in IB - Cov
Jul 5, 2020 - 11:34pm

Yeah... how did they even assess our application before the application closed? Did they automatically screen out non-targets?

  • Intern in IB-M&A
Jul 5, 2020 - 11:40pm

I'm at a target and just got a rejection, it was probably from the cognitive exam I bet

  • Intern in HF - Other
Jul 6, 2020 - 3:17pm

Following

  • Prospect in CorpFin
Jul 7, 2020 - 10:39am

Have all the rejections gone out? I haven't been notified if I got an interview or not.

  • Intern in PE - LBOs
Jul 7, 2020 - 8:51pm

Anyone hear about first rounds?

Jul 8, 2020 - 4:33pm
hi_monkey, what's your opinion? Comment below:

I received an email about scheduling a first round phone interview. Additionally, there's an interview prep event 7/9, so I would assume most rejections/invitations would be sent before then. The timeline is still similar to what I commented earlier but August 1st for the superday. Edit: I don't think it's office specific.

  • Intern in IB-M&A
Jul 9, 2020 - 4:57pm

Yeah, seems a little sketch. Idk what the delay is on sending out rejections/first rounds

Jul 9, 2020 - 5:04pm
Monkiii, what's your opinion? Comment below:

I doubt it's a troll poster because their other comments are aligned with this post and it matches the previous year's recruiting scheduled. Don't know why the rejections are delayed though. They might be "waitlisting" candidates who did well enough on the tests but did not pass the resume screening? Just guessing

Jul 9, 2020 - 7:21pm
hi_monkey, what's your opinion? Comment below:

Well, I guess this is the last time I post trying to help. Not sure why I got ms or what reason a troll would have for answering a question a few people asked, but if you actually are curious about the timeline you can pm me.

Jul 11, 2020 - 8:10pm
sochieng, what's your opinion? Comment below:

Interview prep was last week and first round calls are from Mon to July 17th. Round 2 calls are from the 20th to 24th and there'll be a superday on August 1

  • Intern in IB-M&A
Jul 11, 2020 - 8:16pm

Does this mean all first rounds are out? I didn't receive a rejection like some posters above but also no interview invite.

  • Intern in IB-M&A
Jul 12, 2020 - 9:45pm

don't want to sound like a conspiracy theorist but only two people on this thread saying interviews are out are both brand new accounts saying the exact same thing. I know multiple people (some who are incredibly qualified) that applied, and some have gotten rejected some have heard nothing. No one has received a first round so I'm skeptical

  • Analyst 1 in IB-M&A
Jul 12, 2020 - 10:45pm

Agreed. Friend w a 3.95+ from H/W w great experience who's been a perfect test taker his whole life (so I assume did well on cognitive) hasn't heard back either.

  • Prospect in IB-M&A
Jul 14, 2020 - 4:39pm

just also want to put a PSA out there: if you are an international w/o green card, do not bother at the moment. source: inside info

Jul 14, 2020 - 5:21pm
Leblancgod, what's your opinion? Comment below:

Are you saying they don't sponsor?

Array
  • Prospect in PE - LBOs
Jul 14, 2020 - 5:25pm

def don't sponsor, nor do they take OPT. they don't want anyone without citizenship/permanent residency (maybe if you already have an H-1B it's different but i doubt anyone with a H1B would want to risk losing it by switching firms right now)

  • Intern in HF - Other
Jul 14, 2020 - 4:46pm

Vista just posted the application on my target's Handshake on the 13th so I wouldn't be so stressed about the timeline.

  • Prospect in Other
Jul 25, 2020 - 2:54pm

Anyone have insight on what to expect from a superday? I haven't gotten one yet just trying to be ready.

  • Prospect in IB - Gen
Jul 28, 2020 - 2:59am

Haven't received an invite. Assuming I was cut. Surprising since I felt the 2nd round went fairly well. Hopefully if the invites did go out someone can post so we can go on with our lives.

  • Prospect in Other
Jul 28, 2020 - 6:34pm

Based on the 2nd round interview dates they were still doing phone interviews yesterday, so we might not hear back until tomorrow or Thursday.

  • Prospect in Other
Aug 2, 2020 - 8:03pm

Not yet

  • Prospect in IB-M&A
Aug 3, 2020 - 10:32am

Prolly like 2 or 3 looking at historical classes. How many of us were there for the superday

  • Intern in IB-M&A
Aug 2, 2020 - 4:54pm

I just signed an offer for GS/MS/JPM tech for next summer and will likely pursue vista for full time, curious what this years superday was like?

  • Intern in Other
Aug 3, 2020 - 12:59pm

if people wouldn't mind sharing, what were different interview rounds like? technical questions?

  • Prospect in Other
Aug 4, 2020 - 12:46pm

Has anyone not heard anything back after the superday?

  • Intern in Other
Aug 4, 2020 - 7:33pm

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  • Prospect in Other
Aug 6, 2020 - 4:21pm

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  • Prospect in IB-M&A
Aug 17, 2020 - 8:00pm

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  • Prospect in HF - Other
Aug 18, 2020 - 11:17am

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Aug 18, 2020 - 5:47pm
11fearless, what's your opinion? Comment below:

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