| Topic Name: |
From Buy-Side Analyst/PM to Private Equity or LBO Shop |
| Message Name: |
perspective |
| Date Posted: |
11/06/2001 |
| In Reply To: |
You speak of my age as it relates to an associate position; are most 'analyst' positions at VC and LBO shops pre-MBAs? Would it make sense to approach it that way or would I be percieved as ovre-qualified (forgive any naivete)? I would not have a problem with entering that way and incurring the associated likely reduction in pay, within reason.
Regarding the MBA, I did it via a part-time structure.
Lastly, what sort of deals must I be certain to get exposure to (i.e., allow one to develop applicable/comparable analytical skills) on the private debt side?
Thanks very much once again.
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| Message: |
A typical pvt equity firm is staffed with partners, principals, associates and analysts. The analyst tend to be 3rd year analysts (typically 24 yrs old) having completed a couple of years in IB. Deal experience is beneficial, but not vital.
The associates come in all varieties: pre-MBA, post-MBA, with operating experience, out of law school, etc. No one is overqualified. But what they all have in common is that they can competently execute deals.
A principal is typically a more senior position than, say, a VP in IB. By this stage, you are a deal-sourcer, not just an executor.
I wouldn't worry too much about comp, these days especially. In any case, in the long run, this is a good business to be in...
If you go into private debt, you could look for buyouts or acquisition finance...
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