View of UPenn College Of Liberal Arts And Professional Studies Students in Private Equity

Capitalism King's picture
Rank: Baboon | 101

Hello Monkeys,

I am long time lurker on WSO. I have learned a lot from you all, and now I am in a personal dilemma. I have spent the last eight years in the military (enlisted) working various administrative type jobs. Now, I want to break into private equity and start a new career. I have been accepted to UPenn LPS. Do most firms see UPenn LPS as a negative? I have looked on Linkedin; however, UPenn College of Arts and Science diplomas are what all LPS students receive, so they are indistinguishable from regular CAS student (it appears the only thing that might be different is my transcript). I see a lot of people from UPenn end up in PE after undergrad, but the majority of them are Wharton students.
Side note: I'm waiting to hear back from Cornell AEM, Georgetown MSB, Boston College CSM, and Boston University. If accepted to any of these institutions, should I drop UPenn LPS?

Monkeys any advice is greatly appreciated!

Best Regards,
Capitalism King

Comments (19)

May 9, 2018

Bump!

Help needed!

Big bodacious goals will get us to another galaxy.

May 9, 2018

Bump!

Big bodacious goals will get us to another galaxy.

May 10, 2018

At Penn. PM me!

May 10, 2018

Not good. Professional studies is a cash cow program

May 10, 2018

@axecapital4307 What makes you say it is a cash cow program? Are UPenn LPS students not allowed to compete in OCR? Which school do you think is best for jumping straight into private equity after undergraduate?

Big bodacious goals will get us to another galaxy.

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May 10, 2018

Apologies, I thought you were referring to the Masters programs in liberal arts and such.

I think its unlikely that LPS has great Wall St. placement, especially to the buyside. Think about it you are competing with Wharton as well as Econ, PPE, Poli Sci, CS and other majors in the SAS.

If you have admission to SAS, I have heard it is doable to apply for wharton at the end of your freshman year as a double major. You might even be able to do that from LPS but its not a guaranteed path.

May 10, 2018

@axecapital4307 This is true, but my job in the military has allowed me to deal with numbers and projects on a large scale. LPS is a part of the SAS. The PPE degree will be the same that traditional undergraduates receive. Therefore, I assumed my competition would only be Wharton. I currently do not have a strategy to beat them at this time, but I am working on it!

In LPS I can take Wharton classes I think up to five or six; I cannot transfer or earn a degree from Wharton based on my understanding of the rules.

Let's say I get an investment banking internship, and one private equity internship. Do you think this will be enough to at least be in the competition for a buyside job after graduation?

http://www.thedp.com/article/2015/04/editorial-a-n... @axecapital4307 "Yet LPS is unique in all of these programs as it is the only one which awards the very same degree to its students as the parent school. One of the reasons for this, and one of the main distinctions between LPS and some of its rivals, is that students in LPS can -- and usually are -- required to take classes with regular College students in their major."

Big bodacious goals will get us to another galaxy.

May 11, 2018

@champagnepaki I will be older than 26 when I graduate. I am already past that age currently.

Everything you wrote I agree with. However, I do have experience with buying things, negotiating projects, and a few other things related to finance. Admin jobs in the military vary, and they encompass a lot of things especially in my branch of service.

My current goal is to do an IB internship and one PE internship while I finish my degree. I will either be an incoming sophomore or junior, and this which will drastically impact the amount of internships I can do.

@champagnepaki You do know that there are a lot of PE firms right?

As a sophomore, what groups or clubs did you join to stand out amongst other individuals seeking finance internships?

https://pitchbook.com/news/articles/number-of-acti...
https://www.privateequityinternational.com/databas...
Thank you all for your replies!

Big bodacious goals will get us to another galaxy.

May 11, 2018

Well thank you for your service! I don't mean to sound like i'm trying to shut you down or convince you to do otherwise - it just seemed unlikely without your added context.

As a Sophomore I've founded two clubs, one of them being a Finance Club, so i'm the president. As far as internships; I studied abroad for my freshman summer since I couldn't land an internship, this ended up being invaluable and a great discussion point in my interviews for internships later on. I was studying corporate finance and financial markets however, in a global financial hub - so it was still relevant.

As far as internships, I've landed a Corporate FP&A/Strategy summer internship for this summer (my sophomore summer) where i've started early and will be able to refine my excel skills and stay fresh on my accounting/basic modelling. Ideally i'd be in a PWM or IBD role at an IB or boutique but that just didn't happen for me.

Honestly though, these schools are all pretty much targets, and it will be a piece of cake for you as long as you're involved on campus, go to every networking/info session, and perfect your technicals. As a sophomore dealing with the sped up IBD recruiting landscape, i've just now begun scrambling to learn these technicals for interviews/superdays throughout the summer and fall that are coming up.

"It is not our circumstance that controls us, but our thoughts that control our circumstance." -James Allen

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May 11, 2018

Friend of mine is PPE and got a PE gig right out of undergrad.

May 11, 2018

@champagnepaki How difficult was it to become president of your school's finance club?

Side Note: I wrote my essay on living overseas and picking up different aspects about economies in different regions around the world.
Example: I learned why "oil" is called black gold.

There are a lot of factors that go into an interview.

I have realized in the military 9/10 times it is better to focus on your strengths and not worry about your fucking weaknesses.

@ballhard223 I am going to PM you.

Big bodacious goals will get us to another galaxy.

May 11, 2018

I can say with ease I am one the most driven students at my school that want to work in Finance (community college, transferring to target/semi this fall). The best way to become president is to go to every meeting, be involved, ask questions, learn the processes and structure of how the club operates, etc. I asked for a way to be "more involved" with the club and also for ways to "learn more, while developing responsibility and leadership." Pretty much signalling my intent to rise ranks and be an officer or higher member of the club. Unless the club is ran by an unprofessional douchebag, they should objectively choose the most promising and invested member of the club; someone they will be confident will not only hold the club to the same standards they did, but will make sure it lives on after they are gone.

Now that I am President and leaving, I am deciding who I want to nominate to replace me with some members of the board of our club, and we know exactly who we want. This member is invested and just as driven as us, and that's all it really takes - someone who will help the club accomplish what we want to accomplish for ourselves.

"It is not our circumstance that controls us, but our thoughts that control our circumstance." -James Allen

May 12, 2018

@champagnepaki thank you for sharing.

@ballhard223 It says I have to wait two days before I can PM you. Please PM me.

Big bodacious goals will get us to another galaxy.

Jun 14, 2018

.

May 31, 2018

Maybe you can leverage the Penn name and find a small PE shop. The kids that go into PE directly from UG at decent funds are Wharton, summa cum laude, PBK, etc.

Jun 14, 2018
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