Breaking into Private Equity in London

rawdoge's picture
rawdoge - Certified Professional
Rank: Monkey | banana points 48

Hi Guys,

I am looking to do my MBA in the fall of 2019. My top choice by far is London Business School (then Booth and Tuck). To me, all of the schools are good enough, but being in London gives me that life experience that I probably wouldn't be able to find in Chicago or New Hampshire. I was wondering how challenging it is to break into PE/HF in London with an LBS MBA. I have heard mixed things about LBS, but their list of recruiting firms is pretty strong.

I have several years of Asset Management experience and I am sitting for Level III of the CFA this June. Is it just like the United States where you need prior IB or HF/PE experience? Or are European firms/offices more flexible in that regard? Also, how flexible are transitions from doing IB post-mba and to PE/HF in London and Europe as a whole? I know in the US, it is very very tough to transition from post-mba IB, so I just wanted to know what you guys think. I don't want to enroll at LBS to pursue one of the more competitive fields just to come back to the US unemployed lol.

Thanks!

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Comments (5)

Dec 27, 2018

rawdoge, bummer your thread hasn't had a response yet. Sometimes bots are smarter than humans anyways:

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Most Helpful
Dec 30, 2018

PE recruitment in Europe is much more competitive than in the US. As a matter of fact, there are less opportunities, with a similar number of bankers and consultants and a much lower number or alternatives (i.e. corporate jobs do not pay as much as in the US and the market is overall less flexible). Also, the European market is structurally less attractive for MBAs as corporates do not generally have structured programs for MBAs (e.g. JPMorgan don't even take MBAs in Europe).
On top of that, European languages are an asset that a lot of PE look for as investing in any European country requires fluency in that language to a certain degree (private company filings are generally in local language).

In terms of MBA background, all the MBAs people I know that work in London PE are from consulting (MBB). LBS places a couple of people into BC Partners recently and they were both from McK.
There is at least one girl in VC / Family Office with Google + HBS (so no banking / consulting background) but would not make a case out of it.

I can't comment on HF, but PE from AM + LBS in Europe seems a bit stretched without previous relevant experience.

    • 7
Jan 2, 2019

Truth. also the below comment by @mtnmmnn is truth.
So much good advice. I can only say well done guys.
I have nothing to add

Jan 2, 2019

I should add - this two comments should be given out to any kids coming into an MBA.

Jan 2, 2019
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