Can you become a private equity analyst at a top BB after MBA without work experience in IB or are you only open to IB associate roles?

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Private equity analysts are at PE firms not BB investment banks. Top PE firms specifically only take top MBA candidates that have already prior PE experience. It’s ultra competitive. You will need PE experience before the MBA going in, which requires then IB experience in order to transition to PE. Regarding becoming a banker at a BB, yes, they take folks without IB experience out of top 7 MBA programs. You are an associate and not an analyst in those roles. PE firms almost never hire associates and they want analysts. You won’t get an analyst role out of an MBA program (a lower rung anyway at a bank) as those are mostly reserved for undergrads. Your options are strong M7 MBA to BB associate (then stay at BB or do corpdev later). Always exceptions but this accurate 99% of the time. Some people can leave into PE after being a BB VP. Be prepared for 80 hour work weeks and an occasional 100 hour work week.

We should elevate you to Pro PwC 1. How come I see private equity associates at Goldman Sachs, Macquarie and the likes. I am pretty sure there at PE associates at bulge brackets check LinkedIn

That’s excellent you see that - awesome research, seriously, as it’s a kind of tiny area. Yes, I am speaking in what’s arguably a bit of a broad brush set of terms. There are a few very limited PE / VC roles at Goldman and the like, but the people I know in there were transfers from within Goldman IB as analysts and the like. What I said above id say is still accurate and a useful set of reliable info to justify decision making, but that said, Goldman does have a little bit of PE/VC. From the lens of PE, the most prestigious players are called mega funds (Carlyle, Apollo, KKR, etc.). That said, in irony, their working hours are worse (yes, worse) than IB hours. That’s not the normal lifestyle outcome for PE more broadly. My strong suggestion would be ironically to target a very elite / upscale MM PE firm if you want PE. A career is better made there at those MM PE funds. WSO (wallstreetoasis) is a good website that can confirm everything I’m saying.

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