Why do some PE funds not hire former Associates as VP's?
I understand that a lot of funds have a strict time horizon of 2 years as an Associate then off the business school. I get that because business school is where you go to: 1. Gain additional pedigree to sell to LPs and 2. Network with classmates that will soon be the bankers showing you the deals, the consultants doing the diligence, fellow buyside brethren, etc.
What I don't get is why some PE funds strictly will not hire former Associates as VP's. If you're a good Associate with proven potential to be a good VP, why wouldn't your old fund take you back after b school? Isn't it higher risk for these funds to hire a different VP out of business school who did their Associate years at a different firm? What am I missing here?
Eveniet sapiente culpa est eos. Molestiae perspiciatis omnis nihil nam est dolor dolorem. Velit expedita ut inventore id maiores ut et. Illum optio architecto quia architecto ad. Non qui vel quia cum voluptatibus non.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...