Apply for PE position without M&A transaction experience
I am currently a second year analyst in a bulge bracket bank based in HK and considering moving to a PE firm. Understand that most PE firms look for candidates with MA transaction experience. However, all the deals i have worked on or am working on are IPOs... Will that be a deal breaker?
Hey yq715ms, I think you deserve a response...heck, everyone does. We're listening, sorry about the delay ...my best guess at places on WSO that could help:
Maybe one of our professional members will share their wisdom: Scorcoran ibd-london Grindtime
Hope that helps.
No M&A experience to PE (Originally Posted: 11/06/2006)
I currently work in Corporate Finance. Do financial modeling but nothing that has to do with valuations. Mainly expense and revenue forecasting and analysis. How hard would it be to move into PE?
It will be somewhat difficult as working in PE is all about valuing potential companies for your company's portfolio. Doing projections do help as it is a part of valuation.
So basically, you don't have the basic prerequisite skill-set...
im sure its possible, but youll need some luck
applying with a resume almost impossible. if you know someone at a firm who can recommend you, maybe. The thing is that CF is just not a competitive field to get into, and PE guys are just way snobbish in general...
do you need to be in M&A to go to PE? (Originally Posted: 02/21/2007)
do you need to be in M&A to go to PE?
or is Industry group fine too?
Want to start in Private Equity - Do a few years in BB M&A or jump straight in? (Originally Posted: 03/30/2012)
Hey guys, I'm looking to get into private equity for the long run preferably at a non-public firm e.g. Warburg Pincus, First Reserve etc. I've got an offer to join a bulge bracket IB in M&A as a Summer Analyst. My question is, assuming I have options on the table, is it better to do a few years in bulge bracket M&A and then switch over to Private Equity post-Associate level? or is it better to join a PE firm directly if I get an offer after my Summer Analyst role? By asking which is better I'm referring to their effects in long-run career building.
I ask because on the one hand the latter would get me working in the industry sooner considering that's where I want to end up, but on the flip-side some people say joining a BB for a couple years gives you a large network base and some reputation to bring with you.
Thanks in advance.
how important is it that i come from M&A? (vs. industry?) if i want pe (Originally Posted: 02/21/2007)
how important is it that i come from M&A, Lev Fin, Sponsors? (vs. industry?) if i want pe
Any Paths to PE Besides M&A at top Investment Banks? (Originally Posted: 10/16/2010)
Hi,
So basically, I'm at a non-target and have no contacts and an unfortunately less than stellar resume but I really want to work in private equity some day. I never really gave a damn about going to a good college or getting good grades/doing ECs, but I recently have learned about Private Equity and it seems like something I would truly enjoy. Unfortunately, after doing some research, it seems that you basically have to go to the absolute top schools, work for the top groups at big name investment banks, then get an MBA from a top school all while making contacts to work in private equity. Now, I'm not expecting to get into the KKR and Blackstones of the world because I know that ship has long sailed, but even for smaller (I guess they're called MM or boutique PE firms), is there a chance to get in if you don't work at top investment banks and go to Harvard? I believe that I have the ability to compete with ivy league kids, but unfortunately, I just slacked off and hadn't really decided to get my shit together until now. I know that I really messed up, but if you were in my situation and willing to do anything to break into PE, what would you do? In case it matters, I'm an accounting major at my non-target and have a 3.7, but not much in the way of ECs besides high school.
Finally, how big is PE in India, particularly Mumbai or New Delhi? I actually really, really want to work there after I'm done because my family lives there, so if I get an MBA from the top schools there such as IIM-A/B/C or ISB, could that be a possible route to explore?
Thanks a lot!
If I were you I'd go into computer programming
Network. Your chances at any serious PE firm are very, very slim without doing banking or consulting at a top place, so if I were you I'd start by trying to network into one of those industries (banking is the more traditional path, but consulting at McK/Bain/BCG can get you into some PE firms). People do come in from corporate development, but that's rare, and it's possible to lateral in from other positions in industry, but that's usually at the partner level.
Also, why is your name a misspelling of Jerome Kohlberg? If it's not a bad joke, you might want to work on your attention to detail.
Have you graduated yet?
Focus first on becoming an absolute master at consulting case interviews. Your connection and potential interview at McK is likely your best shot at getting into PE if you could pull it off.
Don't worry about PE right now, focus first on getting as good a job as you can - network your ass off, get involved in some ECs (maybe too late), etc etc.
You don't need MS M&A or GS TMT to get into PE, maybe KKR, but that's not really an option in your case. If I were you I would be trying to get into an analyst program at a solid MM firm (HLHZ, HW, Baird) and then try and lateral over to a MM PE firm after a couple of years. The process might be different in India then here so I would reach out to some professionals in the industry out there and ask there advice. Depending on what year you are, it may be to late to break into an analyst program at one of the banks I previously mentioned. If you are a senior, get your ass on the phone and start networking and try and get a gig at a boutique or any MM firm and then try and lateral to a better firm after a year or so and then you can start focusing on PE. A lot of the top MM firms place really well into MM PE because analysts primarily focus on MM M&A which transfers over very well.
Check out caseinterview.com, the Vault Guide to Consulting Interviews, and Case in Point. Case in Point is targeted towards MBA students and is overcomplicated, IMO.
I agree with all of the people who are saying that McK is the way to go, but don't put all your eggs in that basket. I know you really want to do PE, but keep in mind that the chances of you landing 1 specific job are pretty tough. Work your ass off and see if you can get it, but apply for other stuff as well.
If you end up working at a large corporation in their finance dept, you can always use that to get into a decent bschool and then shoot for PE from there.
Working in a Corporate Development (in house M&A) role at a company might be transferable to a PE fund in that same industry.
You can start in a project assessment/development consulting firm, There are many out there.
Non M&A Group and Exit Ops (Originally Posted: 05/18/2012)
How are the exit options to PE and HF if you work in IBD, but don't work in M&A? Does it make sense to take an offer with a non BB bank to work in M&A? Thanks.
of yourse you will have exit options if you work in an industry group. Goldman doesn't have an M&A product group but their analysts tend to place well in PE.
The key is joining a strong group with a solid deal flow.
besides integrated M&A I mean
if you look at some PE websites, they usually list their associates and their backgrounds. A lot of them come from different industry groups, not M&A. Also, I wouldn't consider moving to a non-BB bank that's M&A unless it's a better group, but usually all BB groups are pretty solid.
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