UMM PE Analyst Programs

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I'm wondering what UMM pe programs have structured analyst programs out of ug? Also, is it possible to exit up to a MF or HF out of these programs? Is it harder or easier than a BB/EB ib program?

Comments (22)

 
  • Associate 2 in PE - LBOs
Sep 29, 2020 - 12:54am

Reposting what I said on another thread:

For some context, I've been at a UMM for the past 2 years. Perhaps 10 years ago starting as an analyst at GS was the best gig you could get, but the world has changed significantly since then. If I could go back, I'd do a MF/UMM analyst program over starting at a top BB/EB. 

Our analysts regularly get hit up by the same HHs that recruit for our firm for other buyside opportunities and are almost always much more polished than the second year analysts who try to recruit to our firm. Also, keep in mind how difficult it is to actually exit to a good fund in general. People on this forum make it seem like most people go MF/UMM, when in reality you have ~2500 banking analysts recruiting for the same handful of PE associate roles at MF/UMMs (most people in my year didn't land at a MF/UMM despite coming from GS. Once you get past a certain threshold, it depends on the quality of the analyst not the firm). For reference, a well-established MF/UMM usually hires ~3-10 associates in a given year depending on attrition and growth. Obviously, some hire more and some hire fewer depending on what fund it is. 

The notion of a MF being the absolute best platform is incredibly outdated. There are a variety of better options out there. When I was recruiting, I was given a choice between a MF that college kids on this forum would give their right arm to be at, yet I decided to go with my current firm for a variety of different reasons, including performance, platform, upward mobility, investment philosophy, culture, etc. 

 

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