Growth Equity at Entry Level and Lateral

Question

I am currently a junior at a non-target school. I am interning for a growth equity firm (>$1B in AUM) this summer. This position has the opportunity for Full-time employment if expectations are met. I was wondering if anyone had any thoughts on this opposed to a typical IB internship and two years as an analyst then transferring over to Growth Equity. 
Also was wondering what lateraling or exit ops would look like when you start out in Growth Equity?

ChineseWall · Accepted Answer

If you want to do growth equity and can start in the industry at a reputable firm, then you should definitely pursue it. Starting in investment banking is more preferable if you are looking for more exit ops in different industries outside of growth equity. If you want to do buyouts one day, then joining an investment bank would make more sense. The formal training program at a lot of the top investment banks may also be enticing. If you join a growth equity shop that does not hire Analysts/Associates yearly, then they will probably have no formalized training program for you.

robert139 · Answer

I interned at a respected GE shop as a junior, and ended up hating it, adding a 5th year to my degree, and recruiting for IB.

It will be all sourcing. I thought I wouldn't mind that, but I couldn't believe how boring sourcing was. The worst part is that, in the 1/1000 chance you actually manage to get in touch with a company that is interesting and doesn't have terrible financials, a senior person will swoop in and steal them. Chances are, analysts won't get to touch a model, or even get trained on it (this depends on the shop).

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Growth Equity at Entry Level and Lateral

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Growth Equity at Entry Level and Lateral

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