'Tis the season... Saw MultipleExpansion.com just released new article, and reposting relevant parts here:
Key tips:
1. Making a good early impression within your banking group is key (better staffings, recommendations to firms, & help with headhunters)
2. Talk to older analysts who have been through the process
3. Ask for old modeling templates and tests (PE firms recycle modeling tests)
4. Practice modeling before your interviews -- tough to catch up at the end
5. Prepare for the soft questions (tell me about yourself, etc.).
6. If you have multiple options, pay attention to the firm culture signals.


What else you got? Know there are a lot of recruiting threads on here, but monkeys, add your tips below.

Comments (10)

  1. If you're able to network with current associates at firms you're interested in, I've heard that can increase your odds of first round interview if you make a good impression
  2. Super important to make a good impression on headhunters. Think I shot myself in the foot with a couple early meetings, but got my act together now.
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re: networking; say I've networked with some middle or upper level folks at some funds I'd like to interview at, but they aren't represented by the head hunters I'm using. With them, how do I initiate the interviewing process? Ask them if they have any opportunities when the interviews start around January?


Yeah especially if they're not represented by headhunters, they're probably not constrained by the typical process timelines - you can reach out with something along the lines of:

"Hey, I'm in the process of interviewing for PE associate positions at several other firms, and would love the opportunity to interview with your firm... really enjoyed our conversations earlier..."

You get the idea.


Think this is the right approach - if you can interview with any funds through your own connections (like you're describing), you'll probably have a leg up.

Best Response

The most underrated thing by far is doing well in your current job from my experience while also not sacrificing prep time. The analysts in my group who are going to megafunds were doing PE prep and busting their asses to get the best staffings / best recs simultaneously. They did well in interviews, but what was more important was that everyone else in the group was on board with them recruiting out.


Agree with this. Being a top performer within your group is key.


How many people do the megafunds typically interview? Even if I'm not in the top-of-the-top (but still decent product group at MS / JPM), will I get a shot?

Some older analysts were saying everyone in the group got a shot with at least one last year.


This sounds about right. My year almost everyone in my group interviewed with a couple of the megafunds.

The ones that go earliest typically fill their seats first and stop interviewing, but for some of the others it was like a revolving door until they'd filled their seats. I'd bet they wound up interviewing a material percentage of bulge bracket analysts interviewing that year (>5%)... the vast majority never made it past the first round, but they still had a shot.


What is a "decent product group"? If you are in M&A or industry coverage at a reputable bank and you can articulate yourself well to headhunters you should get at least some MF looks during recruitment.


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