From M&A Buy-Side Advisory to IB Analyst to PE Associate

Hey everyone, this is my first post. I've been reading a few here and there and wanted some advice.

I've been work at a buy-side M&A advisory firm (for about 2 yrs) where I've primarily been sourcing deals and conducting industry research (like a broker). However, I'd love to get into a PE Associate role on the transaction/M&A side, not business development/deal origination. I can source but I don't want that to be all of what I do every day. I don't mind transactional Associate roles where part of the job is sourcing, as long as I get deal experience and can get involved and participate in the process.

So anyways, I spoke with a PE recruiter who suggested I get sell-side IB experience. Recently I've been talking to people over at UBS for an Analyst role at their PFG - Secondary Advisory group. I've also been contacted by Sawaya Segalas (interview with them in a couple of days) for an Analyst position. Keep in mind I'm coming from a non-target school and the firm I work at is not a "big name", although we've gotten surprisingly good deal flow in the past 2 years (of which, I was not directly part of).

So bottom line is - I wanted to know if you all think that working at the UBS PFG is a good way to "break" into PE for an M&A role? I noticed on the duties/responsibilities of the description that financial modeling is not of emphasis, so I was thinking that would take me even further away from my goals. However, UBS has a big name (at least relative to my shop right now) and this role would technically be in their IBD so I thought that could help?

Also, what are your thoughts when you compare UBS PFG to Sawaya Segalas in terms of exit opps into PE? Is there a "better" route to take? From what I've read, Sawaya looks to me as a place where I'll be doing more modeling, but it doesn't have the name that UBS has.

Any words of wisdom would be fantastic. I would be really appreciative for any comments that can clarify things for me.

2 Comments
 

Numquam dicta hic ratione. Et earum repellat quia vel distinctio vero. Aut iure molestiae ducimus sunt assumenda dolorum nemo.

Eum quis sequi iste veniam. Mollitia quis perspiciatis esse error et. Enim quasi quia omnis distinctio quia rerum id molestias. Voluptas qui illum doloribus et alias recusandae minus et.

Esse iusto illo vitae est. Numquam ea quo recusandae dolores. Ad et provident dolore non.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.8%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (51) $260
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”