Friend of mine is going to EYP following their MBA. They asked if they would be able to lateral over in 2 years to PE. Any tips on how they can best set themselves up to do so? (Previous experience was naval academy and 5 years served as an officer)

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It’s going to be tough either way post-MBA.

Lateraling to IBD or MBB would give them a better shot

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All moving to MBB (don't think post-MBAs can lateral into IBD) does is (somewhat) improve odds (and to what degree, there is no exact number or range) for post-MBA folks; it's very, very difficult to transition to investment teams for all post-MBA folks without buy-side xp. Know of some post-MBA alums from EYP and other T2 shops that made the switch to investment teams for smaller funds, but the best exit for all ex-consultants is PE ops, which is also difficult but more practical. I want to caveat the above by saying everything 100% depends on the individual and PE fund, though. Your dad has a close friend at a PE fund? Bam, you could be an undergrad English major with 0 xp and you'd have a much better shot of getting into that PE than any unconnected IBD or MBB folks...just the way the world works.

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