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Off The Beaten Path: Commercial Banking to Private Equity (The Non-Traditional Route)
Hey everyone. The ink has just barely dried on my accepted offer to join a boutique private equity firm as an analyst, but I think now is a better time than any to tell you how I made the jump to private equity from a VERY non-target background. My Bio: A little bit about me: I graduated from a...
Valuable MBA Application Insight from Current MBA's at HBS / GSB/ Wharton
All - Some of you might be knee-deep in the MBA application process (currently Round 2), and others might be considering applying next year. I was in your shoes about a year ago and know how convoluted the process can be - it's about as "black box" as it gets. Before I get any further - a bit about...
All things equal: would a sponsor rather have an increase of 3% in cash interest or PIK interest?
A friend gave me this question, but we couldn't quite agree. Not looking for a quantitative answer so let's not get wild with assumptions chasing a number, but for illustration's sake, let's say we're talking about a subordinated note with a base of 10% cash interest. If given the option, would the...
PE Interview Tricky Behavioral Questions - Need Advice
Hey guys - long time reader but first time poster here - thanks to everyone for all that you do. I am currently an analyst in a MM M&A group. I have had a couple PE interviews with different MM firms and I have repeatedly got some questions that I didn't really know how to answer in a good way. I...
Leaving IB Before Recruiting for PE
Been at an elite boutique in M&A in a major city (not NYC) for about 2 years now. At first, I was interested in continuing on as an associate (my firm allows A to A), but I'm leaning towards PE now. Given hours, I find myself exhausted, with little time to prep for PE recruitment. I know people on...
Breaking into MegaFund from non target BB group
I was just wondering if anyone had ant advice/ experience on the feasibility of breaking into a PE Megafund ( Blackstone / KKR /TPG) from a non target IBD group. For some background, I'm a diverse senior at a target school entering a renewable energy coverage group at a mid-tier BB . Half of the...
Guggenheim NY Vs. William Blair Chicago Exit Opps
trying to decide which would set me up better for PE job after the analyst program. Does anyone have any insight regarding placement and exit opps for these two firms?
Anyone have any insight on Paine Schwartz Partners?
Paine Schwartz Partners ~$1.4B AUM New York, NY "A global leader in sustainable food chain investing, Paine Schwartz Partners is a private equity firm that focuses on investment opportunities in the fast-growing, dynamic global food and agribusiness sectors. The firm’s investment, operations and...
Applying to PE as a second year w/o a third year guarantee
Hi guys. So I chose not to recruit my first year, and I'm trying to lock down a third year at my firm. Unfortunately, they don't give guaranteed third year offers until after on-cycle recruiting ends. The head of my team (M&A at an elite boutique) said he'd be willing to pull for me w/ regards to...
Boutique PE internship-worth it?
Hello friends, I am a rising junior who recently concluded my IB internship at a boutique (worked on 1 live deal for 7 weeks), and have the opportunity to work at a boutique PE firm the next two months. (PE internship is paid, small, 40/hrs a week, and I would start mid-July). If I'm looking to...
Samsung NEXT
NEXT = Samsung's venture capital arm, which just got funded with $150 million to spend on tech startups. I've had some preliminary discussions with their team for an associate M&A role and was wondering if any of you had insight on the value of the experience someone would get in that role, and what...
Thoughts on BC Partners / Apax
Thoughts on these two firms? Was deep in the process with both over the last 2 days and have final rounds coming up. Comp, hours, and career progression? NY office. Please help. I need to know asap.
Elite Global Solutions LLP
Elite Global Solution is a investment consulting firm that takes pride on being the relevant platform where the investors and entrepreneurs come across each other. The investors and the borrowers are mutually profited through their service.
Positioning for PE Internships as a Junior
I am a sophomore majoring in Applied Math and Econ at a target school. Recently I was offered a rotational role with JPM through their Markets Internship program, and I am trying to understand how accepting it might fit into my hopes of going into PE out of undergrad. Would this internship help set...
Best Private Equity Firms in TN
Does anyone have any insight into what maybe the top 5 to 10 PE firms throughout the state of TN are? Any details you could share on the reputation of each would be much appreciated!
Is it redundant/hard to get an MBA after Wharton undergrad?
I was admitted to Wharton and Columbia undergrad, and I have to make my decision soon. I definitely want to pursue an MBA regardless of where I go, but I'm wondering: coming out of Wharton and having spent time on the Street, would MBA programs (like HBS) give me a hard time since they'd think I'm...
Incoming Analyst - Potential 3rd Year - PE Recruiting
I'm a college senior at an Ivy skating through the end of my senior year, awaiting the upcoming summer where I will begin as an Analyst in a top BB Group (think GS TMT , GS HC/CR, GS FIG , MS Menlo, MS M&A). I've been thinking about my options as far as the next couple years, and with the group I'm...
Military Service and Investment Banking
I am currently a student at Texas A&M in the Business Honors program studying Finance and Accounting. I want to serve as a Navy SEAL at some point during my life, but I want to end up working in Investment Banking, and eventually Private Equity. My school has a great deal of recruiting events and...
How large is the gap in exit opps BBs in London?
Received a FT offer to start at industry group with decent deal flow history in European BB in London next year. I know some BBs in the lower half of the informal "prestige rankings" certainly place analysts into top PE funds but realistically is it an uphill struggle if you're not at GS / JP etc....
Do people ever regret moving to PE?
Summer analyst at a BB in IBD . Really enjoying my internship and plan to return full time, same group if I get the offer. Our staffer is an analyst promote to VP and I was able to chat with him a bit about his experiences last night and why he stayed; his response was that after you put in your...
HandsOn3 / HGM
Currently a rising sophomore at a target school. Networking hard for opportunities next summer. End goal is to be in Private Equity. I've read many of the posts on WSO , but want to hear a perspective on this. _______________________ 1. Has anyone heard of HandsOn3 (now known as HGM- Hands On Global...
Starwood Capital- Performance/reputation
I have a bunch of stuff going on with Starwood Capital in July and was wondering if anyone could shed some light on their fund quality and their reputation in the PE /REPE space. Was specifically curious as to what the mix of real estate work and non-RE would be, and how they compare to the MF RE...
Incoming FT IB Analyst Preparing Buyside Resume
Hi there, Please critique on my resume and competitiveness (PE/ HF ).
Transition from Operations to investment / portfolio management
Hi All, I'm currently doing PE and hedge fund financial / regulatory reporting (operations) for one of the major US Banks. I have infrequent interaction with portfolio managers and investment teams that select and analyze portfolio investments (mainly mediating auditors' questions to the PMs about...
Better prospects for LT success: Small PE firm or Big 4 TS?
What do you think? I have already spent a couple years in TS at a Big4 and am looking for the next move. I am uncertain as to my LT goals but want to set myself up now for the most successful career in the future. I feel as though an offer from an PE firm, no matter how small, is hard to turn down....
How do I forecast fixed assets if I have projected Capex but not depreciation?
Thanks!
CPP IB Private Equity Internship vs Jefferies IBD
Hi all, I have an offer from CPP Investment Board in their Private Equity division. I also have another offer from Jefferies in IBD . I was wondering which route you would recommend? I don't think CPP IB offers much in the way of leverage to get into the larger more PE firms as there is no sell side...
CFA® - worth it for bankers?
I'm a 1st year analyst in a MM in lev fin and am looking into taking the CFA® this year. I've read a lot though that for banking and PE it's not really beneficial. I would be doing it against my banking hours too. The views of any experienced bankers and PE guys would be really helpful here in...
Ask me anything - MM PE Associate, 1 year in
I haven't really posted on WSO before, but this community was extremely helpful to me during my job search and interview process, so I thought I would make myself available to answer questions about my experience for others out there. As way of background, I graduated from a target school >...
Boutique Lateral to BB or Lower MM PE
I am a second year analyst at a regional m&a boutique. I have been doing some networking and have managed to get interviews for both a BB analyst position and a lower MM (~350AUM, first fund) pre-mba associate role. Hypothetically speaking, if both offers were on the table, and business school was...
Advice for Asset Management Breaking Into Private Equity
Hey Guys, Wanted to get some advice as an Analyst at a Asset Manager ($1-5B AUM) trying to break into PE . I started applying this weekend and just got a call for a first round interview. However, I am a little worried because I have very little experience with real world valuation/modeling as my...
How does Staffing work in Private Equity?
Are there staffers at PE firms? If not, how does it work?
PE Recruiting As A Non-US Citizen
Has this been a problem for people? By the time recruiting rolls around in Jan/Feb, most 1st year analysts are still on OPT. Have headhunters asked about your citizenship and H1B status?
Recent PE recruiting from GS?
Just wondering if any current/recent-ex GS analysts could comment on the nature of PE recruiting from the firm? Do analysts have to do it under the table? How did you manage to do it while being staffed on live deals without notifying your managers? Is placement still as good as it was prior to the...
Middle Market Transaction Services in Chicago vs Middle Market PE Firm in Small Midwest City
I have the opportunity to go to a Middle market PE firm as an entry level analyst. I graduated from a non target December of 2014 and I'm currently an Analyst in a middle market transaction services group in Chicago. Long term, I want to be in private equity but I'm wondering if I would be better...
Summer 2016 PE Recruiting
Does anyone know when the process will start? Mod Note (Andy): bumped this thread since the convo is still going
Blackstone Undergraduate Summer Analyst Superday
I have a final round superday at Blackstone this upcoming Friday. Already had first round phone interviews with 4 different groups (PE, Tac Opps, Strat Partners, RE). I was wondering if anyone could shed some light on how their super days are structured and what to expect? How behavioral/technical?...
Moving from LA Boutique to NY PE
Hi, I'm an analyst in a big boutique in LA (think Moelis, Houlihan, Lazard, etc.) focused on M&A and LBO work. I'm desperate to move to NY after the end of my first year or my second year to a PE gig. Any recs on how to do this? Should I move to a different bank first? Seems like everyone wants to...
What about the Average Joe?
I'm currently in my first year of ibanking and in my limited free time I often think about--as I'm sure many other do--getting a top bucket bonus, going on to an elite buyside firm, then to HSW, partner at a PE firm, yada yada yada. Now while if everyone on this forum could make partner at KKR by...
Moving from East Coast to West Coast
First year analyst about to start working at a top tech group at a BB in New York. Being originally from the West Coast, I was wondering how difficult it is to exit into PE on the West Coast. Given that I'm working in NYC , will I be contacted only by recruiters looking to fill east coast positions?...
Are private equity internship easy to come by?
Edited.
PE house (family owned and sharia compliant) or Investment Banking (deal side)
Hi guys, I am in a dilemma, choosing between an internship at private equity house or an investment bank that is BB (equivalent to HSBC). I am 20 years old doing a degree in Economics. I've asked friends and family to which they said the bigger the organisation the better for cred on CV! However, a...
buyside recruitment modeling test
I am currently an incoming BB IBD analyst. Understand that PE process could kick start as early as this Dec, I wonder if anyone could shed some light on the modeling test? Specifically, I heard that the key is not being able to complete the short form LBO , which is not really that challenging by...
Non-Target, career shifting, Direct PE: Resume review request!
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Private Equity is not necessarily seeking CFAs, individuals with prior experience!
XYZ Capital is an investment fund deploying capital across multiple sectors in frontier markets. Currently XYZ's MGL office is inviting individuals to join its local investment team. XYZ is not necessarily seeking CFAs , individuals with prior finance experience or business degrees. Rather, the...
Europe PE Recruting?
Hello everyone! Glad to join the fine lads present in this forum after a couple of years living in anonymity. As the beginning of my 3rd year approaches, I am starting to consider my options for next summer, with private equity in a solid first place. I am looking for anyone who can shed some light...
Guidance on Career Help IB, PE, Asset MGT., Wealth Managment
Transitioning from NYC BB to London PE. Is it possible?
I tried to find an answer to this question using the search tool but nothing came up. Is it possible to recruit for London PE whilst being a BB analyst in the US? How would it work? Has anyone here have any experience with the process?
Missed recruiting season?
I graduated in May 2014 and am entering my second-year as an analyst at a middle-market IB . The winter recruiting season for PE kind of snuck up on me and I missed the train entirely. Given that the majority of PE firms have already hired their summer 2016 class, I am a little worried at how my...
HIG Final Round
Anyone know what the final round for HIG buyout is like? It's the middle of their three PE funds (size-wise). I've already done a modeling test and it's a "full day" thing for what that's worth.
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