I'm a 2nd year analyst at a large bank (think JPM, BOA, WF). I'm not in ibanking - we target the middle market and provide bank debt facilities >$35MM, mostly used for M&A but also can be direct to the Company.
I want to find a pre-MBA associate role with either a PE or mezz debt fund (I actually prefer mezz and think my odds are higher there given my debt background). I do a lot of networking and have gotten some advice already, but want to know what you guys think:
1 - what is the time frame for recruiting? have I already missed it? I've only had one mezz interview so far, and I want to know if I should continue studying for the GMAT or stop and focus on the job hunt before I start my third year.
2 - is there any realistic odds of being able to lock down a pe/mezz job since I'm not an ibanker/consultant/? Since we're doing M&A financing, we either go cash flow at 3x leverage or do an asset-based loan, in which case leverage varies drastically (sometimes negative ), but I don't think this is considered the same "levfin" that the PE/mezz guys are looking for?