Comments (27)

Aug 11, 2020 - 10:48am

I started at a BB out of college but worked for some time at a boutique investment bank during college. The process was long, tiring, countless hours of studying standard banking technicals and emailing people for coffee chats. I was getting myself ready for interviews without even having one lined up.

Aug 11, 2020 - 10:51am

Process was non-traditional, in each interview I had to show why my accounting degree was relevant and valuable for banking. It was a mix of networking + strong technical prep + rehearsing behavioral question scenarios and being CONFIDENT in what I was asking for!

Aug 11, 2020 - 12:33am

What was the most challenging experience you had during networking and recruiting stage?

Aug 11, 2020 - 11:00am

Rejecting non-banking offers at prestigious financial institutions without having a secured job in IB yet. Was a hard decision to make but I don't regret it a bit because I knew my self worth. Recruiting wise, it was challenging convincing people with a different background that my accounting degree was an asset and an advantage.

Aug 11, 2020 - 11:05am

PE recruiting is a total different beast! You go through recruiting firms aka "headhunters" and usually that's how you meet people initially. You can also try cold emails and may be effective but know that PE folks get hundreds of those so need to find out a way to differentiate yourself.

  • Prospect in IB - Ind
Aug 11, 2020 - 10:09am

What's your advice for people trying to break into PE from "non-traditional" backgrounds e.g. non target/ lower tier bank

Aug 11, 2020 - 11:08am

Start networking and building relationships EARLY! Study technicals, leverage your banking job to fully understand what PE is and different investing strategies. There are plenty of PE shops that looks for hustlers and don't care if you come from a traditional/target background. Go after those!

  • Intern in IB - Ind
Aug 11, 2020 - 11:28am

What is the biggest difference between IB and PE (be it culture/pay/hours etc.) that you've experienced but think isn't really highlighted or underestimated/exaggerated on WSO? Is PE your final career destination?

Aug 11, 2020 - 12:23pm

Disclaimer I am currently a 2nd yr analyst, with a PE job lined up for next year so I haven't worked in PE yet. HOWEVER, from my experiences from recruiting and chatting with PE folks, I think that most people focus on mega funds and forget how many more more middle market successful PE shops are out there. There's an underestimation of the great culture and great results those funds achieve and I personally believe there's more learning and growth in those places. I'm still defining my career as I grow professionally and personally so PE is my next career destination (will determine it then if it is my final one).

  • Intern in IB - Ind
Aug 12, 2020 - 11:16am

I might be a little late but... what have been some of the best resources which have helped advance your technical abilities ? - Before your summer analyst/ analyst gig

(I know there's a ton of threads on this but it's always reassuring to hear from individuals with a similar background, thanks!)

Aug 12, 2020 - 3:45pm

Technical guides from WSO, 400 questions to break to Wall Street have been most helpful with regards to picking up the theoretical aspect of technicals. Practice wise - WSO videos/models were helpful to get better at Excel and comfortable with basics of valuations.

Aug 13, 2020 - 6:12pm

Every networking chat was tailored specifically to the person I'd talk to. I'd look them up in LinkedIn (professional stalking), look up their firm and prepare list of questions ahead. Questions vary from very specific about their career choices, how they got to where they are to general industry questions and getting their thoughts on current events. I'd also share my story, show my determination to succeed and ask for advice.

Aug 13, 2020 - 6:09pm
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