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what level are you joining as?
associate or senior associate
interview process varies on a firm by firm basis - but typically 1-2 conversations with junior members that is mostly behavior and light technicals (is/bs/cfs)
1-2 conversations with mid levels (vp/principles) typically deeper thinking and potentially deal structuring
model + model defense + case study
md convos to finalize, 1-2
Your mileage may vary depending on city and total AUM for the LMM firm, but I accepted the following offer:
$225k cash + $1.1M carry dollars at work (based on 2x MOIC)
Definitely opportunities for more cash if you move up-market in terms of fund size! I based my comps on the latest H&S report and other offers for similarly-sized firms, which put the TC right below upper quartile and the carry well above upper quartile.
In any case, just wanted this to serve as another data point for the poster of a LMM offer at a smaller fund after MBA