Success as a new post-MBA VP?
Hey everyone, long time lurker but first time poster here.
I’m a recent MBA grad joining an UMM fund in about a month and am a bit nervous about making the transition. I was a solidly middle bucket (maybe top 40%) associate at my previous firm and am generally pretty good at the modeling / analysis / slide creation portion of the job.
My old firm was very regimented / hierarchical though so didn’t have too much exposure to the actual “deal QB” part of the job. I know the basics of all the key third party diligence streams in broad strokes, but I’ve never been the guy actually in charge of getting all that done. The culture also lent itself to an expectation that associates sat and take notes, so I don’t have a lot of experience leading calls and meetings either.
Lastly, I’m making a significant shift in deal size. My previous firm was squarely MM / LMM (<$100MM checks in companies with <$30MM in EBITDA) while the new fund is a large UMM that can write $1Bn checks. I’m not sure how different the jobs actually are, but I’d appreciate some perspectives on how the deal process varies at different sizes.
What’s the best way to come into my new job and be successful from the beginning? I know there’ll be a steep learning curve (plus shaking off the general business school rust) but are there resources I should be using in the interim or things I can do from the start to be helpful right away? I just don’t want to be way behind from the beginning, create a bad impression, and then never have the opportunity to make up for it down the line.
I’m sure there are a lot of other things I’m not thinking of too. Thanks everyone for reading and appreciate all the experience and advice on here.