How Important is Undergrad in On-Cycle PE Recruiting if in a Top Group

Hi Everyone,

I was wondering how important the school you went to for undergrad is in PE recruiting, especially now since first year analysts have very little deal experience prior to interviews.

Personally, I am not 100% sold on PE but am interested so was just curious. I have seen briefly mentioned that it is relevant, but if someone went to a state-school vs an ivy or target school, are they automatically a huge underdog for MF?

I guess all else being equal, how much worse off is someone from a state-school vs a target-school at a top group at a GS / MS / JP for MF recruiting?

Thank you for your perspectives!

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Comments (6)

Jan 5, 2019

Bump

"If you ain't first, you're last!" - GOAT

Jan 5, 2019

Im an incoming IB analyst and in a similar situation. From the conversations i've had it seems fairly ok to not be 100% sure of what you want to go into. So for example, if you didnt go through recruiting first year you can try during second year.

The one caveat is that when speaking to recruiters you need to be focused on what you want and why. ex. HF vs PE, fund size, strategy, location etc.

Jan 5, 2019

But how much does prestige of undergrad matter?

"If you ain't first, you're last!" - GOAT

Jan 6, 2019

The short answer: a lot. Both my friend and I (non-targets at solid groups at our respective BBs) got no traction with the MFs whatsoever. Another analyst in my group who did on-cycle recruiting but was from a target did get at least one MF interview.

The fact of the matter is that on-cycle recruiting started in late October this year and probably will be early October/late September next year. The earlier it gets, the more it becomes about the prestige of your resume unfortunately.

    • 1
Jan 6, 2019

That's helpful thank you! Curious was this a group like GS TMT / FIG, MS M&A, JP M&A / HC? If not would it have been much different in your opinion?

"If you ain't first, you're last!" - GOAT

Jan 6, 2019