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How Do You Get a PE/VC/HF Job?

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How Do You Get a PE/VC/HF Job? [#permalink] New post 19 Jan 2009, 17:10
Out of UG? It seems like its almost impossible to get in without some prior experience, and I'm wondering what does it take to get that experience.

I interviewed with a HF for an internship awhile back because they were recruiting heavily at my school, but I haven't seen anyone else along those lines outside of Bridgewater, Blackstone and a few other smaller firms.

Anyone have a clue? Networking I assume? And about networking, what would be the best way to go about it? I saw on our alumni network that there were dozens upon dozens of alums in PE/VC but I'm wondering in my head what the best way to approach them would be. I suppose asking this very question.
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Re: How Do You Get a PE/VC/HF Job? [#permalink] New post 19 Jan 2009, 19:21
mcds wrote:
Out of UG? It seems like its almost impossible to get in without some prior experience, and I'm wondering what does it take to get that experience.

I interviewed with a HF for an internship awhile back because they were recruiting heavily at my school, but I haven't seen anyone else along those lines outside of Bridgewater, Blackstone and a few other smaller firms.

Anyone have a clue? Networking I assume? And about networking, what would be the best way to go about it? I saw on our alumni network that there were dozens upon dozens of alums in PE/VC but I'm wondering in my head what the best way to approach them would be. I suppose asking this very question.


It's highly unlikely to get a PE/VC job out of undergrad. You need some work experience, preferably at an i-bank or consulting firm. PE/VC jobs require skills acquired in IB/MC.

Dunno about HF.
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Re: How Do You Get a PE/VC/HF Job? [#permalink] New post 19 Jan 2009, 19:34
PE - generally, the larger and more established funds don't hire straight from UG. They prefer to not have to train, so they pick off top candidates that have training from the best IBs, and increasingly the best MCs. The smaller and less established funds might be a little more receptive to hiring non-traditionally, e.g. straight from UG or from due diligence service providers (BigLaw, Big4 accounting.) Exceptions, as you note, that come to mind are Blackstone, Bridgewater, Audax and some others that do hire straight from top UG schools.

HF - this depends on the type of strategy. The fundamental oriented HFs will hire similar to the way PE does. The more quantitative oriented may hire from UG (I don't know as much about these) but I think they like to hire more from graduate schools, e.g. Ph Ds in physics, mathematics, engineering, etc.

VC - these funds are more top-heavy, i.e. less junior investment professionals as compared to senior ones, than HFs and PE. Admittedly, I know little about these funds but I don't believe there are many inexperienced hires to investment related positions. If they did, I would presume they would want either technology and/or medically oriented (graduate) degrees.

My advice is to get the best possible training at an IB or M/B/B if possible, then think about jumping to PE/HF or VC.

Re networking, what's worked for me is to first solicit general advice and to just learn by asking questions and being very interested in what they are doing.
Re: How Do You Get a PE/VC/HF Job?   [#permalink] 19 Jan 2009, 19:34
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