Does anyone have any clue on the timeline of recruiting process for PE associate (starting summer of 2019)

PlanetOdd's picture
Rank: Chimp | banana points 2

I am incoming first-year analyst at a BB and will start my full-time training soon. As irresponsible as it sounds, I wonder what the timeline will be for PE recruiting. I understand that this process is getting earlier and earlier. What I heard from my friends who recruited last year (for associate role starting summer of 2018) was that MF interviews took place mid-Jan.

For those who currently work at a MF/MM, could you please share some insights/estimates?

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Comments (8)

Jun 28, 2017

Seriously? You haven't even started your first gig, simmer down there buddy.

However, if you really do want to know, most headhunters will reach out in the fall of your first year.

Jun 28, 2017

Also, as a follow up question to the above, what do PE shop recruiters look for on a resume? Considering one has only started, there probably aren't many deals on the resume. Of course they look for top BB IB experience. What from your college years? What GPA? What extracurriculars? Thx

Jun 28, 2017

bump bump ... any answers?

Jun 28, 2017

PE recruiting starts at the mega funds as early as April and continues through August. Most big shops have their classes wrapped up between May and July.

In the current environment, 1st year analysts will be hard to distinguish without significant deal experience. Your strongest selling point will be recommendations by your superiors. If you can get an MD to put in good word for you, you should have a pretty good shot.

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Jun 28, 2017

so they don't really look at your college years? GPA? I am not only wondering about now in this horrible market, but also during a normal market. i will be starting as a first-year analyst at a BB in july 2009. just wondering what's relevant from the college years. Also, does the same apply to hedge funds?

Jun 28, 2017

Well, GPA and academic performance are important, but most BB analysts are high performers in that department to begin with. How well you perform and how well you are liked in your group goes much farther once you start interviewing for PE. I think with the hedge funds, they tend to put much more emphasis on your intelligence level, though. For example, for post-MBA candidates, most hedge funds will ask for your GPA in B-school despite grade non-disclosure.

GPA/academics will be more relevant if there are two equal candidates in relative deal experience.

Jun 28, 2017