MSF Recruiting

Based on the most helpful WSO content, here are some insights and advice for your situation:

Off-Cycle PE Internships

• Availability: Yes, PE firms do offer off-cycle internships. These can be a great way to gain experience and potentially secure a full-time role later.
• Remote Internships: Remote internships are viable, especially post-COVID. Many firms have adapted to remote work, making it possible to intern from different locations.
• Firms to Contact: It's worth reaching out to MM (Middle Market), UMM (Upper Middle Market), and MF (Mega Funds) shops. Networking and making connections can significantly increase your chances.

Active Cities for PE

• Aside from NYC: Other active cities for PE include:
  • Chicago: Known for its strong financial sector and quick access to NYC.
  • San Francisco: A hub for tech-focused PE firms.
  • Boston: Home to many established PE firms.
  • Los Angeles: Growing presence in the PE landscape.
  • Dallas and Houston: Strong in energy-focused PE.

Networking and Recruiting

• Networking: Start setting up "coffee chats" and informational interviews. These are crucial for building your network and getting on the radar of PE firms.
• Timing: Many firms may still be looking to fill intern seats for the summer. It's essential to reach out early and often to maximize your chances.

Additional Tips

• Target Firms: Focus on firms with good deal flow and learning opportunities. This will enhance your experience and future prospects.
• PE Analyst Seats: These are indeed hard to come by, but persistence and strategic networking can help you land a position.

By leveraging these insights and continuing your proactive approach, you'll be well-positioned to secure a valuable internship and advance your career in private equity.

Sources: What is off-cycle hiring looking like as interns are finishing up and getting offers?, Doing a PE internship during my break before starting Banking FT?, Recruiting from Chicago IB to NYC PE - how difficult?, Q&A: MBB BA/AC/A headed to UMM this summer and guide to off cycle PE recruiting for consultants, Q&A - Private Equity Internships