Australian Bankers -> American Private Equity

Hi WSO

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

Bump

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

Anybody..?

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
Start Discussion

Popular Content See all

First year analyst, still feel incompetent and like I haven’t learned anything
+34IBby 1st Year Analyst in Investment Banking - Mergers and Acquisitions">Analyst 1 in IB-M&A
Janet Yellen - Unrealized Capital Gains Tax. WTF
+23OFFby 1st Year Analyst in Investment Banking - Generalist">Analyst 1 in IB - Gen
Q&A: Associate at MM Private Equity fund
+18PEby 1st Year Associate in Private Equity - LBOs">Associate 1 in PE - LBOs
VP Lying
+16IBby Prospective Monkey in Investment Banking - Mergers and Acquisitions">Prospect in IB-M&A

Total Avg Compensation

January 2021 Private Equity

  • Principal (7) $694
  • Director/MD (15) $627
  • Vice President (58) $366
  • 3rd+ Year Associate (60) $272
  • 2nd Year Associate (116) $246
  • 1st Year Associate (250) $224
  • 3rd+ Year Analyst (23) $162
  • 2nd Year Analyst (57) $138
  • 1st Year Analyst (164) $118
  • Intern/Summer Associate (18) $71
  • Intern/Summer Analyst (178) $59

Leaderboard See all

1
LonLonMilk's picture
LonLonMilk
98.5
2
Jamoldo's picture
Jamoldo
98.4
3
Secyh62's picture
Secyh62
98.3
4
CompBanker's picture
CompBanker
97.9
5
redever's picture
redever
97.7
6
frgna's picture
frgna
97.6
7
NuckFuts's picture
NuckFuts
97.5
8
Edifice's picture
Edifice
97.5
9
Addinator's picture
Addinator
97.5
10
bolo up's picture
bolo up
97.5