Pre-MBA PE hiring (India)

I am currently a pre-MBA 2nd year front end analyst at an elite boutique bank in Mumbai (for context: Indian front office IB pool is quite small because of low deal activity, and most global banks only hire post MBA candidates). I recently started to explore buyside options but face two major roadblocks:

  1. Most global funds (Bx, Bain Cap, WP, Apax etc.) only prefer MBB consultants and rarely short list IB analysts for interviews (seems contrary to the global trend).

  2. Headhunters run the process for most global funds and are very selective and arbitrary about disclosing opportunities to candidates, thereby creating massive information asymmetry.

Because of these, my current options are fairly restricted (tier-2 and domestic funds or Corp Dev roles at well funded startups).

Has anyone else also faced these issues? Any suggestions on bypassing these roadblocks?

Thanks,

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Comments (4)

  • Intern in PE - LBOs
Jun 6, 2021 - 5:59pm

I was talking to KKR people and they seemed pretty open to taking IB analysts if you have worked on good deals. The advantage for MBB consultants in India is that they get more hands on work because some clients can't pay the high fees, so the consultants staffed work on really lean teams. With IB not only are the deals fewer, but usually the analysts don't get that much hands on work (have a friend at an Indian IB who never did any modelling somehow).

With that being said have you tried networking with them?

  • Intern in PE - LBOs
Jun 7, 2021 - 5:23pm

Again my experience is limited to KKR India, but it seemed like they'll get you on the interview list if you network with them (after which they said it comes down to your modelling skills). I would hope the same is true for other PE firms in India, but you can confirm yourself by reaching out and/or waiting for someone else to reply here. 

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