Jumping IB and going right into PE post college
Has anyone jumped into PE post college and skipped IB? If so and even if you haven’t what are your thoughts on this? What are the best junior summer pe internship programs and which’s ones hire the most junior interns as full times? Lastly, what are exit ops usually like for people who go right into pe?
I see you're getting MS, but I also believe this is a fair question. I have friends who went into supplementary PE directly out of college (E.g. FoFs), but I imagine you aren't even remotely interested in that type of experience. I will list out the three primary ways I see it playing out, at least in my eyes:
Those are the primary ways I am familiar with that allow individuals to go straight into FT PE
So pe shops usually do not hire junior summer interns and then give them full time offers after the end of the summer to return post college?
Correct. Most of the time PE internships are actually leveraged into IB internships or FT offers. PE firms have undergrad interns because they're cheaper than analysts and MBA interns to maintain good relationships with certain universities. At least those are what most firms do, from what I've gathered
Gotcha thanks but how do you break in full time? I hear if you do IB for a few years it is still hard af to get into pe. Appreciate all the guidance - I wanna jump into pe but don’t know how to do it with a high gpa from a non ivy
You are essentially worrying about how to make partner before you make MD. My advice: 1. Accept that if you want to work at a decent PE shop, you wont be for a long, long time (if you want good exposure and to develop a real skill set) 2. Find a spot in IB or Consulting if you really want to make PE happen. If you aren't willing to sacrifice a few years, you aren't PE ready 3. Network with anyone you can who is already in PE FT
I don't mean to sound like a dick, but you are trying to make too big of a jump. I wanted to do the same thing for a long time, but it just isnt a viable option (except for extreme anomalies)
Reason for the monkey shit is that exactly this question is being asked on a quarterly basis, and judging from how he phrased it he clearly hasn’t even tried to find any precedents.
Yeah very fair
Sorry sir just started using WSO but interested hearing that you have to do IB boot camp for a few years then PE. A MD at a few megafunds who I networked with said the same thing.
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