Private Equity firms that recruit undergrads?

What PE firms recruit from undergrad? Probably a ton of posts like this, but honestly curious. Would love to get into an REPE firm. I'm a current jobless senior

Comments (50)

 
Nov 9, 2017 - 11:20am

To my knowledge, there are very few PE firms that hire undergraduates fresh from uni. Have a look at Terra Firma, if I remember correctly they are still running this programme.

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Best Response
Nov 9, 2017 - 2:25pm

Actually firms are starting to recruit undergrads but only kids from HYP/S/W with 3.9+

  • Blackstone - has formal undergrad recruiting
  • Warburg Pincus - took 4 full-time this year for the first time
  • KKR - has taken undergrad interns
  • Carlyle - has taken interns and converted at least one (to my knowledge) to full-time
  • Parthenon - in SF recruited undergrads for the first time this year
  • General Atlantic (growth equity) - has formal undergrad recruiting
 
Feb 7, 2018 - 12:54am

Do PE firms recruit at UG? Which Ones? (Originally Posted: 04/26/2011)

Im about to make my decision on which college to attend. Im choosing between Columbia, Dartmouth and Stanford. I like all 3 equally and this will probably tell me which school to attend. Do PE shops recruit at these schools? If so, which school do they recruit at more? My current plan was to do UG--->IB--->PE/HF/VC but if I can skip IB, I'll probably do that(not that I dislike IB).

 
Feb 7, 2018 - 12:58am

I would go to Stanford...twice

If I had asked people what they wanted, they would have said faster horses - Henry Ford
 
Feb 7, 2018 - 1:00am

I would go to Columbia. Use the NYC location to intern in IB and possibly PE/HF (mid semester) while in college. You can network your ass off in the city too. Columbia will have alumni at every single bank or PE shop you will find.

 
Feb 7, 2018 - 1:02am

I would personally choose Stanford for the great mix of awesome academics and Cali weather and style. That being said, go to wherever you feel you'll be the happiest from an academic and social standpoint. Columbia is not your traditional college experience from my knowledge (being a student at NYU currently).

In terms of PE that recruit from undergrad I know Blackstone does (I think they only recruit for their advisory group straight from undergrad though), as well as Oaktree

 
Feb 7, 2018 - 1:03am

Stanford. DO NOT PASS UP THIS OPPORTUNITY. Besides, you have no clue if you will still want to be a finance guy five years from now. Don't give up any optionality this early.

CompBanker

 
Feb 7, 2018 - 1:04am

If you pass up Stanford you deserve a Mike Tyson jab to the taint...in public...on your birthday

If I had asked people what they wanted, they would have said faster horses - Henry Ford
 
Feb 7, 2018 - 1:07am

ThaVanBurenBoyz:
I hear that Toby Gerhart personally tackles the female family members of everyone that declines Stanford.

Hope Grandma SlumstoCPW has been eating her German potato soup.


lol, im black.
 
Feb 7, 2018 - 1:08am

Another question I have is, how is it easier to get into HF/PE/IB from stanford when the networking and intern opps are less? Dmouth has the D-plan and columbia has its location. Arent these two advantages bigger than what Stanford offers? Im just worried that banks will rather take a 20 minute cab ride to Columbia or a 45 minute plane ride to Dmouth instead of go all the way across the country to recruit kids. Is Stanford that much more "prestigious" on the street? Is Yale any good for recruiting? I've heard its behing these three schools in terms of recruiting(im not considering it as it isnt a good fit for me, I only applied as im a prestige whore).

 
Feb 7, 2018 - 1:09am

From my experience, growing up in LA and moving to NYC, I thought being NEAR wall street at a semi-target made ANY job in finance more accessible. This is not necessarily true.

I want to work in LA, and am having to put in extra effort to do so. Thus, if you want to work in New York, I'd urge you to go to Columbia. If you want to work in Cali, I'd urge you to go to Stanford. That being said, either school will open up doors - but I think going to school in NYC may make wall street and the like easier to access simply due to location.

Lastly, in my experience, you can leverage NYC as your city of choice for school big time in terms of internships during the semester that aren't available at other institutions simply due to geography.

 
Feb 7, 2018 - 1:16am

Dartmouth UG is relatively underrated. In my opinion, the intellectual environment, OCR and prestige of a Dartmouth degree is on par with HYPS... If you like the West go to Stanford, if you like the East go to Dartmouth. I don't think Columbia is on quite the same level in terms of prestige and academics...

Another consideration is that you probably won't want to go to Tuck but you're very likely to want to go to Stanford or Columbia for Business or Law School... Personally I'd rather diversify my experience and not to Stanford and then Stanford or Columbia and then Columbia.

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Feb 7, 2018 - 1:17am

All three of these schools are targets...IB is yours to lose at any of them.

DO NOT DECIDE WHERE YOU SPEND YOUR COLLEGE YEARS BASED ON SOME MINISCULE DIFFERENCE IN RECRUITING!

These are radically different campuses. It is west coast vs city vs rural. Decide based on where you could see yourself being happy and having a good experience. The only caveat I will make for recruiting is Stanford will place better on the WC, and Dartmouth/Columbia will be better for the east.

As for PE out of undergrad, the people that go to reputable firms are mostly exceptions who either had major connections or got very lucky with a BB internship freshman year. The IB -> PE track is on the whole a surer path; it also gives you some flexibility.

Silverlake hire a few top students from Wharton, and Blackstone takes like 3 undergrads per year. Other than those, I don't think many reputable PE firms have formal undergrad recruitment. I have heard rumblings of Cerberus taking a few ugrads for distressed, but we are still talking low single digits. Basically, don't choose your undergrad with PE recruiting in mind.

 
Nov 10, 2017 - 4:51am

I've handled recruiting for my firm this year, and I can confirm @apollo95" 's list. But recruiting is over for all firms - and no, we don't do off-cycle interviews, unless maybe you're referred by a MD+.

GoldenCinderblock: "I keep spending all my money on exotic fish so my armor sucks. Is it possible to romance multiple females? I got with the blue chick so far but I am also interested in the electronic chick and the face mask chick."
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Nov 10, 2017 - 8:41am

Audax PE. I don't remember much about other than it's a good shop and I shadowed an MD there as a freshman.

Array
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Nov 10, 2017 - 1:00pm

It's definitely worth it in the sense that LMM firms are fairly open to hiring straight out of undergrad. The real question is if that's what you're looking for. In general, LMM PE firms that hire straight out of undergrad place a strong emphasis on having their analysts source deals. You will spend the VAST majority of time actually finding companies and CEO contact information. This certainly is not the case for every LMM firm, but it is for the majority of them.

There are also some much larger funds that follow this sourcing model and consequently recruit straight out of undergrad.
Battery Ventures, Summit Partners, TA Associates

 
Nov 10, 2017 - 1:51pm

I heard she calls her analysts Cubs. Maybe Sil can confirm.

GoldenCinderblock: "I keep spending all my money on exotic fish so my armor sucks. Is it possible to romance multiple females? I got with the blue chick so far but I am also interested in the electronic chick and the face mask chick."
 
Nov 11, 2017 - 12:52am

First of all, I should start by mentioning that from my minimal working knowledge on REPE's, there are some that hire directly out of undergrad within the Chicagoland area. I have a friend working at one as an intern who anticipates he will be kept on FT after grad.

What I can say in regards to PE is this; every single comment on here has been related to MFs. As someone who really wanted (and still does want) to do PE upon grad, I have found a large number of undergrad students from semi and non targets working in PE without further education. A small percentage (10-20%) went directly from undergrad to PE, but these roles are not glamorous, and typically require a ton of prop research and very mundane tasks. These individuals typically had numerous summer internships in IB/PE, and are working for firms within the lower middle market.

I bring this up because in my eyes, there is so much more to PE than just the top shops and MF's. This is all one persons opinion on the Chicago space only, but I can say with the utmost certainty that they do exist.

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