Dad owns PE firm

I interned at a MM PE firm that my dad owns. Do you think that banks will dig deep enough to figure out that I interned at my dad's office or will they just see private equity analyst and not notice.

Comments (29)

Dec 28, 2020 - 10:48am

Some resume screeners will probably be more familiar than others with brand name MM PE fund personnel and owners. That being said, I feel like leveraging your experience/background at a family-owned MM PE firm could be great leverage for banks that cover the same mandate (i.e., Baird, Lincoln, Blair, Houlihan). 

Dec 28, 2020 - 11:35am

I don't think they would care if they noticed. Also, correct me if I'm wrong, but is "private equity analyst intern" or "private equity summer/fall/winter/spring analyst" the more common verbiage?

"Markets can stay irrational longer than you can stay solvent."

Dec 28, 2020 - 2:27pm

Thanks, that's useful to know

"Markets can stay irrational longer than you can stay solvent."

Most Helpful
  • Intern in IB-M&A
Dec 28, 2020 - 12:25pm

Hey guys, I'm applying to HBS. My dad is the president of the school. Will it hurt my chances if they find out?

Dec 28, 2020 - 1:25pm

Private equity's effectively an apprenticeship model requiring solid (but not earth-shattering) intelligence... if the dad founded a firm and built a 9-figure networth, the son may very well have what it takes to be a successful investor and chose a more "fun" path in college knowing he could still learn from the best (or whatever)

Still sucks to be the VP that loses out to a family promotion, but not checking the box for educational background doesn't mean you can't be successful here

  • Analyst 1 in CorpDev
Dec 29, 2020 - 12:46am

Been asked a few times in initial screening for FT roles how I came across XYZ experience on my resume. I came from a complete non-target, so it could be  have been to make sure I knew what I was talking about. I'm not sure if other people have had this question asked before, but I'd say if you have an answer to that question then you're good. 

  • Principal in HF - Event
Jan 4, 2021 - 12:44pm

If you go into a group that your dad is a client for, your bosses will not be able to exert much power over you.
Enjoy fucking their wives, OP.

Jan 8, 2021 - 3:15pm

This is fih-nance, having a family member help you directly or through someone in their network almost feels like a pre-req.

You know how people skirt by the "you cant refer your own family member to avoid nepotism rule"? You just get someone else in the firm to refer them...
You think kids out here getting IB & PE summer internships as high schoolers and freshman got it because their technical aptitude was so amazing that a bank needed them to work for 10 weeks on a process that is slated to take 4 months to close? Ask anybody how they got that gig and you basically can get a good idea of whos from money.

Jan 9, 2021 - 1:34am

Haha putting you were a PE summer/fall whatever analyst on your resume will help you a ton regardless of whether or not your dad is the owner or partner or whatever. You obviously won't communicate that relationship on your resume but that title alone is super helpful in getting banking looks. When you're asked about your experience there or if you're asked what your parents do, don't be coy in saying your dad is a key senior guy there but obviously say it in a humble manner. The relationship makes you intrinsically more valuable but showing or at least portraying you've grinded despite that relationship will take you far. This is coming as someone who was actively involved in analyst/SA recruiting and what influenced our hires

  • Analyst 3+ in PE - Other
Jan 9, 2021 - 1:43pm

I actually wonder given there are hundreds of "boutique" no name PE, can one make up PE experiences by asking friends / family to set up a company, and having a website that looks legit (like having nothing but address and investor login, etc.)?

I bet spending a whole summer grinding technicals at home can be better use than doing PWM internships or working in Tobin etc

Jan 9, 2021 - 2:14pm

This would be elite-level finesse. However, if anyone ever found out at any point down the line kiss your connections/network goodbye. Trust is earned not given. Risk/reward tradeoff.

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