Australian Bankers -> American Private Equity


Current summer analyst at non-elite boutique. Looking to leverage this for a BB SA role and eventually, a hopeful FT offer. I have a strong GPA, attend a good target (G8 as I am in Australia) and all that. To get straight to the point, I'd love to know more about the buy-side and moving to the US.

PE is tiny in Australia. You get some Australian-based funds ($2B AUM seems to be largest) who hire, but hiring is much less mechanical and structured down under than it is in the US. Hiring (seems to be) done on a needs basis, and has seen IB Associates and even VPs make the move. But there are a number of gun Analysts from GS FIG, BAML Industrials, Greenhill M&A (most Analysts seem to come from more vanilla modelling groups, bar FIG) who have made the move to Sydney's KKR office.

Long-term; I'd love to be on the buy-side and in the US. Having a "MF PE or bust" attitude is stupid, but it's of interest to me as it seems to be much more mechanical and structured than MM PE hiring is.

What would be the best way to go about this? Have seen Australian Analysts transfer internally to the NY / LA office and recruit from PE there. Have also seen Australian Analysts hired into the (very lean) Australian KKR / TPG / BX offices. Have heard that MF PE do not appreciate global mobility - so curious how a PE Associate within Australia would go about being hired into the respective US office - if that's their goal (as it is mine).

Do Australian bankers get contacted about US PE placements by HHs? Sorry for rambling, I understand that there is always more to the 'well trodden path' but just wanted to get some anecdotal thoughts and perspective on Australian bankers who move into PE within America, I'm a bit lost when it comes to this area. Will appreciate and SB some good insights and well thought out responses.

Comments (4)

Feb 1, 2018 - 8:40am


Ignore my Title and Industry - I can't seem to change it under 'Edit Profile' lol
Feb 2, 2018 - 1:20am


Ignore my Title and Industry - I can't seem to change it under 'Edit Profile' lol
Best Response
Feb 2, 2018 - 2:34am

As a summer intern at a non-elite boutique you have almost no shot going to a megafund in the US. You should be focusing on leveraging into a FT grad role next year at an EB or BB shop and then you'll need at least 1-2 years under your belt here before jumping across. There are recruiters here that recruit for US-based roles so it's possible to make the jump but only as an experienced hire, because those recruiters know the reputations of the boutiques in this market and can sell your experience. I'd say your best bet is going directly into a US bank then transfer to NY with them, assuming your visa is not tied to your employment.

Feb 4, 2018 - 12:17am
Ignore my Title and Industry - I can't seem to change it under 'Edit Profile' lol
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