Vista Equity Partners 2021

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Just saw that the application for the 2021 full time PE analyst position went live. My understanding is that this IQ test you get after you submit the app is very influential. Does anyone know the format / how to prepare? Thanks in advance!

Comments (152)

 
Jun 19, 2020 - 1:32am

scrub3410k:

I think it may just be the CCAT. You can find practice CCATs online. It's like 50 questions in 12 minutes? maybe 15 minutes.

This is the CCAT, indeed.

Creator of https://www.ccatpracticetest.com/vista-equity-partners-test/
 
  • Intern in IB-M&A
Jun 19, 2020 - 11:29am

curious to hear what people think of Vista's FT analyst program - i've seen some comments that you don't do any modeling work and they'll kick you out after the 2 years, or that they don't recruit top students, but Vista is a great name to have on your resume just out of undergrad. How is the FT analyst program viewed by yourself, classmates, or anyone you know in the industry?

 
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  • Associate 2 in PE - LBOs
Jun 19, 2020 - 12:22pm

My thoughts:
- View on vista has changed substantially over the last few years, recently raised largest tech fund ever at $16bn back in june and have cemented themselves among the MFs and arguably the top tech investor in the world from an AUM/Return perspective. These guys absolutely crush it.
- From what I've heard, associate owns the model and the analyst supports the associate on it, which basically means the analyst runs the analyses on finding the inputs for the lbo (what should we project revenue at/what is historical customer churn and why) and the associate puts it all together
- A quick scan of their website/linkedin shows significant mobility up from analyst and no push out for an mba, though looks like they do hire from mba, picked up someone from hbs last cycle
- In terms of MF PE analyst programs I know this is one of the ones that has been around for a while so I would guess the training would be phenomenal especially with how active vista is, you probably see a ton of cool deals (See: Jio investment alongside FB/KKR/SL a few weeks ago)
- Culture is intense, not for the faint of heart, but at this level you kind of expect it
- As you said, vista name on resume is killer for exit opps, past analysts have gone on to kkr/tpg/hbs/etc.
- For the reasons above, I would absolutely view it as one of the most coveted positions out of undergrad if you know you want to do PE and like tech investing. Only hesitations would be if you like tech or if you dont want to be in Chicago/Austin for two years (I believe they allow transfers to SF for associates, and they have a NYC office I believe?)

 
  • Analyst 2 in IB-M&A
Jun 19, 2020 - 1:02pm

Thanks for the info. From what I could gather PE team sits in SF/Chicago/Austin, Hedge fund/Capital markets sit in NYC, and consulting group sits in SF/Austin

 
  • Intern in PE - LBOs
Jun 19, 2020 - 12:33pm

Saw on another forum that their application is circulated around target schools first, is that the case right now or is there a public link somewhere? Would appreciate any info, thanks!

 
  • Incoming Analyst in IB-M&A
Jun 19, 2020 - 9:05pm

How difficult is it to land at Vista post IB? I am very interested in Tech PE but have already signed with a GS, MS, JPM, EVR, Q caliber group for 2021. How would their process compare to other strong tech investors like Thoma, Silver Lake, etc ?

 
  • Associate 1 in IB-M&A
Jun 19, 2020 - 10:19pm

All large cap PE positions are a blood bath to get. Think about all of the sharp type A people at all of the top banks / target schools each year and then think about all slots taken from nepotism/favor hires and you'll see why it is so difficult to get to the other side. SL & Vista hire analysts and promote most of them so they hire far fewer associates than say Thoma or H&F

 
  • Analyst 1 in PE - LBOs
Jun 23, 2020 - 4:33pm

Had a couple friends go thru process... from conversations with them, they've said it's all about getting into top x% of CCAT assessment. From those convos - have ascertained that Vista has a very systematic recruitment process, as the thread outlines above, so being well-connected isn't nearly as important as it is in banking recruiting.

 
Jun 25, 2020 - 3:33am

How does the personality assessment work? The invitation said it would be responding to statements about you, is this verbal responses or picking an answer on a scale (ie. Least Accurately Describes Me to Most Accurately Describes Me)?

 
  • Intern in IB-M&A
Jun 25, 2020 - 8:45pm

Does anyone here know anything about the timeline? Also, is networking worth it at a PE firm like Vista? Not sure if its like IB where its basically a requirement or if its not something they expect. Also, already submitted my app so not sure what it will accomplish at this point...

 
Jun 25, 2020 - 9:36pm

Did people get the link to the IQ test immediately after applying or did it take a bit? Also did anyone else get a LinkedIn message from one of their recruiters asking you to apply ?

 
Jun 29, 2020 - 9:14pm

Put my name in the hat but not expecting much. I've been told that they will review applications once the window closes (which I believe is July 5th?). Did anyone get a rejection email already? Perhaps maybe from not scoring high enough on the assessment which I assume is scored automatically?

 
Jul 2, 2020 - 11:23am

Spoke with the campus recruiter, the timeline is as follows:
July 5th applications close,
immediately sent link to IQ and personality assessments which you have 5 days to submit,
July 13th first round phone interview,
July 20th second round phone interview,
August 3rdish virtual superday with 6 interviews

 
Jul 2, 2020 - 3:50pm

Not 100% sure, but what I'm assuming from how they worded it was that the interviews will happen throughout that week. Thus, July 13th is the first day they start (Monday) and they'll wrap up before the second round starts the following week if that makes sense. The entire process is super efficient so I would expect to hear back next week.

 
  • Intern in IB-M&A
Jul 6, 2020 - 12:13am

If rejections are out now do people feel like not getting a rejection means you will probably get a first round? Didn't get rejected and really hoping that's a good sign...

 
  • Prospect in CorpFin
Jul 7, 2020 - 10:39am

Have all the rejections gone out? I haven't been notified if I got an interview or not.

 
  • Intern in IB-M&A
Jul 8, 2020 - 3:52pm

Can anyone confirm that rejections went out? Seems bizarre they would make rejections without sending out any first rounds at the same time. Usually finance firms send invites for next round and then reject everyone else.

 
Jul 8, 2020 - 4:33pm

I received an email about scheduling a first round phone interview. Additionally, there's an interview prep event 7/9, so I would assume most rejections/invitations would be sent before then. The timeline is still similar to what I commented earlier but August 1st for the superday. Edit: I don't think it's office specific.

 
  • Intern in IB-M&A
Jul 9, 2020 - 4:50pm

guessing that one poster up there claiming first rounds went out is a troll? I have a hard time believing only one person on this website got a first round

 
Jul 9, 2020 - 5:04pm

I doubt it's a troll poster because their other comments are aligned with this post and it matches the previous year's recruiting scheduled. Don't know why the rejections are delayed though. They might be "waitlisting" candidates who did well enough on the tests but did not pass the resume screening? Just guessing

 
  • Intern in IB-M&A
Jul 12, 2020 - 9:45pm

don't want to sound like a conspiracy theorist but only two people on this thread saying interviews are out are both brand new accounts saying the exact same thing. I know multiple people (some who are incredibly qualified) that applied, and some have gotten rejected some have heard nothing. No one has received a first round so I'm skeptical

 
  • Prospect in IB-M&A
Jul 14, 2020 - 4:39pm

just also want to put a PSA out there: if you are an international w/o green card, do not bother at the moment. source: inside info

 
  • Intern in HF - Other
Jul 14, 2020 - 4:46pm

Vista just posted the application on my target's Handshake on the 13th so I wouldn't be so stressed about the timeline.

 
  • Prospect in Other
Jul 25, 2020 - 2:54pm

Anyone have insight on what to expect from a superday? I haven't gotten one yet just trying to be ready.

 
  • Prospect in Other
Jul 28, 2020 - 6:34pm

Based on the 2nd round interview dates they were still doing phone interviews yesterday, so we might not hear back until tomorrow or Thursday.

 
  • Intern in IB-M&A
Aug 2, 2020 - 4:54pm

I just signed an offer for GS/MS/JPM tech for next summer and will likely pursue vista for full time, curious what this years superday was like?

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