Find all School-related info fast with the new School-Specific MBA Forum

It is currently 22 Jul 2014, 05:38

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

Private Equity and Blackstone

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
Manager
Manager
avatar
Affiliations: AICPA, CAL Society CPA
Joined: 09 Jan 2007
Posts: 51
Location: California
Schools: Kellogg 1Y, Duke 2Y
Followers: 0

Kudos [?]: 1 [0], given: 0

Private Equity and Blackstone [#permalink] New post 16 Apr 2007, 13:10
Which MBA programs are good links to Private Equity firms like Blackstone, Blackrock, and Carlyle?

Is it the school itself (like HBS, GSB (Chicago & Stanford)) or is it the school's strength (CBS-Finance) that attracts PE firms? I looked at Ross and no mention of any PE firms in recruiter info.

Any help?
_________________

There are three things in life: Price, Quality, and Speed. You only get two out of the three.

VP
VP
User avatar
Joined: 20 Sep 2005
Posts: 1023
Followers: 3

Kudos [?]: 24 [0], given: 0

GMAT Tests User
Re: Private Equity and Blackstone [#permalink] New post 16 Apr 2007, 13:24
Most people who get in to PE usually have prior PE or at least IB experience. Most people who have prior PE experience usually end up at HBS or Stanford.
Naturally, this leads to self-selection give that the number of associates hired by PEs are not too many.

I don't work in PE/IB. So my opinion is based on what I have read or heard from various sources.

justincase49 wrote:
Which MBA programs are good links to Private Equity firms like Blackstone, Blackrock, and Carlyle?

Is it the school itself (like HBS, GSB (Chicago & Stanford)) or is it the school's strength (CBS-Finance) that attracts PE firms? I looked at Ross and no mention of any PE firms in recruiter info.

Any help?
Manager
Manager
avatar
Joined: 04 Jan 2007
Posts: 94
Location: Bay Area
Followers: 1

Kudos [?]: 3 [0], given: 0

Re: Private Equity and Blackstone [#permalink] New post 16 Apr 2007, 13:39
lhotseface wrote:
Most people who get in to PE usually have prior PE or at least IB experience. Most people who have prior PE experience usually end up at HBS or Stanford.
Naturally, this leads to self-selection give that the number of associates hired by PEs are not too many.

I don't work in PE/IB. So my opinion is based on what I have read or heard from various sources.


This is correct. Very few HF and PE firms hire associates that have no prior experience. Many people, especially career switchers, have misconceptions that if you get MBA from XYZ schools that you will be able to be hired. They also hire many without MBA degrees but with prior IB, IM , equity research experience.
Manager
Manager
avatar
Affiliations: AICPA, CAL Society CPA
Joined: 09 Jan 2007
Posts: 51
Location: California
Schools: Kellogg 1Y, Duke 2Y
Followers: 0

Kudos [?]: 1 [0], given: 0

 [#permalink] New post 16 Apr 2007, 14:18
So if you need prior PE experience to get into a PE firm, where do you get PE experience to begin with!?
_________________

There are three things in life: Price, Quality, and Speed. You only get two out of the three.

GMAT Club Legend
GMAT Club Legend
avatar
Affiliations: HHonors Diamond, BGS Honor Society
Joined: 05 Apr 2006
Posts: 5925
Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45
WE: Business Development (Consumer Products)
Followers: 247

Kudos [?]: 1512 [0], given: 7

GMAT Tests User Premium Member
 [#permalink] New post 16 Apr 2007, 15:10
justincase49 wrote:
So if you need prior PE experience to get into a PE firm, where do you get PE experience to begin with!?


No... generally you need IB experience or P/L management "line" experience.
VP
VP
User avatar
Joined: 20 Sep 2005
Posts: 1023
Followers: 3

Kudos [?]: 24 [0], given: 0

GMAT Tests User
 [#permalink] New post 16 Apr 2007, 15:10
Out of an ivy as an analyst.


justincase49 wrote:
So if you need prior PE experience to get into a PE firm, where do you get PE experience to begin with!?
Manager
Manager
avatar
Joined: 28 Sep 2006
Posts: 166
Followers: 1

Kudos [?]: 1 [0], given: 0

 [#permalink] New post 16 Apr 2007, 15:14
So if you don't already have IB or PE experience prior to getting an MBA, is it realistically possible to work in IB for 2-3 years and then lateral over to a PE firm?
Manager
Manager
avatar
Affiliations: AICPA, CAL Society CPA
Joined: 09 Jan 2007
Posts: 51
Location: California
Schools: Kellogg 1Y, Duke 2Y
Followers: 0

Kudos [?]: 1 [0], given: 0

 [#permalink] New post 16 Apr 2007, 15:24
You can also get cherry picked from a MC firm too right? I they recruit out of Mckinsey I heard...

So the path would be MBA>McKinsey>Blackstone? (if you dont do IB)
_________________

There are three things in life: Price, Quality, and Speed. You only get two out of the three.

Manager
Manager
avatar
Joined: 20 Nov 2005
Posts: 188
Location: USA
Followers: 1

Kudos [?]: 2 [0], given: 0

 [#permalink] New post 16 Apr 2007, 15:39
justincase49 wrote:
You can also get cherry picked from a MC firm too right? I they recruit out of Mckinsey I heard...

So the path would be MBA>McKinsey>Blackstone? (if you dont do IB)


depends on what type of consulting projects have you done at McK...
Senior Manager
Senior Manager
User avatar
Joined: 03 Jul 2006
Posts: 482
Followers: 1

Kudos [?]: 1 [0], given: 0

GMAT Tests User
 [#permalink] New post 16 Apr 2007, 16:12
flapjack wrote:
So if you don't already have IB or PE experience prior to getting an MBA, is it realistically possible to work in IB for 2-3 years and then lateral over to a PE firm?


That's a fairly realistic route assuming you've made the necessary contacts during your IB tenure. However, the top PE firms hire very infrequently, so you might have to set your sights on more middle-market firms rather than putting all your hopes on a Blackstone or TPG.
Director
Director
User avatar
Joined: 07 Aug 2006
Posts: 572
Followers: 1

Kudos [?]: 4 [0], given: 0

GMAT Tests User
 [#permalink] New post 16 Apr 2007, 16:14
haddy74 wrote:
justincase49 wrote:
You can also get cherry picked from a MC firm too right? I they recruit out of Mckinsey I heard...

So the path would be MBA>McKinsey>Blackstone? (if you dont do IB)


depends on what type of consulting projects have you done at McK...

I've heard of a good number of folks getting hired out of Bain's PE business.
GMAT Club Legend
GMAT Club Legend
avatar
Affiliations: HHonors Diamond, BGS Honor Society
Joined: 05 Apr 2006
Posts: 5925
Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45
WE: Business Development (Consumer Products)
Followers: 247

Kudos [?]: 1512 [0], given: 7

GMAT Tests User Premium Member
 [#permalink] New post 16 Apr 2007, 16:20
eazyb81 wrote:
flapjack wrote:
So if you don't already have IB or PE experience prior to getting an MBA, is it realistically possible to work in IB for 2-3 years and then lateral over to a PE firm?


That's a fairly realistic route assuming you've made the necessary contacts during your IB tenure. However, the top PE firms hire very infrequently, so you might have to set your sights on more middle-market firms rather than putting all your hopes on a Blackstone or TPG.


Most of the guys I know in PE took this route. 2 years at IB, then PE.
Manager
Manager
avatar
Joined: 28 Sep 2006
Posts: 166
Followers: 1

Kudos [?]: 1 [0], given: 0

 [#permalink] New post 16 Apr 2007, 16:57
Rhyme, you mean that they worked at the IB for two years after getting the MBA and then moved to PE, right?
VP
VP
avatar
Joined: 11 Dec 2006
Posts: 1430
Location: New York, NY
Schools: NYU Stern 2009
Followers: 38

Kudos [?]: 218 [0], given: 6

GMAT Tests User
 [#permalink] New post 17 Apr 2007, 02:09
Needn't have an MBA flapjack (though for most people here the MBA gets the IB part) - experience in the market is what they are after.
Manager
Manager
avatar
Joined: 28 Dec 2005
Posts: 83
Followers: 1

Kudos [?]: 0 [0], given: 0

go check out Silverlake and KKR websites [#permalink] New post 18 Apr 2007, 00:51
if you want to find out what sort of poeple these PE firms hire, go take a look at their sites. It gives you an idea of what sort of candidates these firms look for. One thing that I've noticed is that most come into the firm with IB background. The usual bulge bracket IB firms out there are usually a good breeding ground for potential PE opportunities. It also helps if you have a particular industry experience say in technology as there is always some form of industry consolidation going on in Silicon Valley.
Manager
Manager
avatar
Joined: 14 Mar 2007
Posts: 60
Followers: 1

Kudos [?]: 0 [0], given: 0

Re: go check out Silverlake and KKR websites [#permalink] New post 26 Apr 2007, 08:06
mlchang616 wrote:
if you want to find out what sort of poeple these PE firms hire, go take a look at their sites. It gives you an idea of what sort of candidates these firms look for. One thing that I've noticed is that most come into the firm with IB background. The usual bulge bracket IB firms out there are usually a good breeding ground for potential PE opportunities. It also helps if you have a particular industry experience say in technology as there is always some form of industry consolidation going on in Silicon Valley.


I did a lot of that last week. My firm is marketing to PE funds, and I was looking for certain backgrounds in each company. While most do come from IB backgrounds, there are a lot of firms that are very operations oriented. Some even have entire groups of people with corporate/industry/consulting experience. So it's possible, just a lot harder.
GMAT Club Legend
GMAT Club Legend
avatar
Affiliations: HHonors Diamond, BGS Honor Society
Joined: 05 Apr 2006
Posts: 5925
Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45
WE: Business Development (Consumer Products)
Followers: 247

Kudos [?]: 1512 [0], given: 7

GMAT Tests User Premium Member
 [#permalink] New post 26 Apr 2007, 10:24
flapjack wrote:
Rhyme, you mean that they worked at the IB for two years after getting the MBA and then moved to PE, right?


Either before or after - most I know did 2 years IB pre MBA, moved into PE pre MBA, and are now pursuing an MBA.
Manager
Manager
avatar
Joined: 27 Oct 2006
Posts: 56
Followers: 0

Kudos [?]: 0 [0], given: 0

 [#permalink] New post 02 May 2007, 12:07
My roommate from when I worked at a BB for the summer worked at UBS then decided to go into PE before getting an MBA. I lucked up, the company I work for is a portfolio that was recently merged into a PE fund. There are many ways to get your foot in the door in PE. The conventional route is IB/MC for a few years and then coming in as a grunt. Its not as easy to advance in PE firms as it is in IB/MC because there is a pyramid organizational strucuture that is more heavily weighted towards the top. The route I recommend is going to an I-Bank and working your way up to VP/SVP, or junior MD, and then hopping to PE as a principal/MD
Manager
Manager
avatar
Affiliations: AICPA, CAL Society CPA
Joined: 09 Jan 2007
Posts: 51
Location: California
Schools: Kellogg 1Y, Duke 2Y
Followers: 0

Kudos [?]: 1 [0], given: 0

 [#permalink] New post 02 May 2007, 12:27
chillonamill wrote:
My roommate from when I worked at a BB for the summer worked at UBS then decided to go into PE before getting an MBA. I lucked up, the company I work for is a portfolio that was recently merged into a PE fund. There are many ways to get your foot in the door in PE. The conventional route is IB/MC for a few years and then coming in as a grunt. Its not as easy to advance in PE firms as it is in IB/MC because there is a pyramid organizational strucuture that is more heavily weighted towards the top. The route I recommend is going to an I-Bank and working your way up to VP/SVP, or junior MD, and then hopping to PE as a principal/MD


I'm 22, targeting B-school in 4 years, 26. What's the timeline for what you're talking about along with Compensation for the ending position at the IB and the starting position at a PE firm.

If the $$$ isn't significantly different, would it make more sense just to stay at the IB until MD?
_________________

There are three things in life: Price, Quality, and Speed. You only get two out of the three.

Manager
Manager
avatar
Joined: 27 Oct 2006
Posts: 56
Followers: 0

Kudos [?]: 0 [0], given: 0

 [#permalink] New post 02 May 2007, 16:14
justincase49 wrote:
chillonamill wrote:
My roommate from when I worked at a BB for the summer worked at UBS then decided to go into PE before getting an MBA. I lucked up, the company I work for is a portfolio that was recently merged into a PE fund. There are many ways to get your foot in the door in PE. The conventional route is IB/MC for a few years and then coming in as a grunt. Its not as easy to advance in PE firms as it is in IB/MC because there is a pyramid organizational strucuture that is more heavily weighted towards the top. The route I recommend is going to an I-Bank and working your way up to VP/SVP, or junior MD, and then hopping to PE as a principal/MD


I'm 22, targeting B-school in 4 years, 26. What's the timeline for what you're talking about along with Compensation for the ending position at the IB and the starting position at a PE firm.

If the $$$ isn't significantly different, would it make more sense just to stay at the IB until MD?


The range and time frame varies quite a bit. Here are the best estimates I could find of comp.


http://www.bankersball.com/2007/04/05/2006-comp-figures-ib-pe/

Also, from my personal experience, the low end of PE is not where its at. You want to come into this profession at the high end.
  [#permalink] 02 May 2007, 16:14
    Similar topics Author Replies Last post
Similar
Topics:
Experts publish their posts in the topic Top Schools for Private Equity LTN99 5 15 Jun 2014, 05:09
7 Consulting/IB to Private equity mbamust30 6 14 Jul 2012, 03:42
19 Private Equity CaliCpa 36 04 Oct 2009, 15:38
Taking Private Equity Private BearStearner 0 23 Feb 2009, 17:16
Private Equity/ VC jobs bewakoof 18 02 Nov 2007, 11:45
Display posts from previous: Sort by

Private Equity and Blackstone

  Question banks Downloads My Bookmarks Reviews Important topics  

Go to page    1   2    Next  [ 21 posts ] 



GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.