![]() ![]() Improving Your Odds: Most of the screening process is based on your bank, group, university, and GPA, so you cannot do too much to improve your initial selection chances.And relationships with specific headhunters matter much more than knowing which firm has PE firms A, B, and C as clients. “Lists of Headhunters”: You can find lists of the “top firms” floating around online, but they’re mostly useless because only warm introductions/referrals and inbound contact matter (with some exceptions – see below).Potentially, technical questions and even simple LBO modeling tests could come up (but they’re not likely). ![]() You need a solid “ story” and specific types of funds you want to target. Expectations: Treat all interactions with headhunters as first-round interviews and expect a mix of behavioral/fit and “deal experience” questions.Timing / Responses: If you’re not sure which types of private equity firms or strategies you’re most interested in, or you do not feel prepared for interviews, do not respond to emails from headhunters, and do not set up any meetings.Therefore, headhunters will almost always try to convince you to accept job offers. Motivation: They receive 20-30% of your Year 1 salary as a commission for a successful placement, so their goals are always efficient placement and 100% offer acceptance.In the on-cycle recruiting process, their main purpose is to screen candidates and eliminate people who look good “on paper” but do not perform well in real life. Purpose: Headhunters function as outsourced recruiting and HR for private equity firms.the same 5-10 recruiting firms represent most of these PE firms. Importance: Private equity headhunters are the most important in the on-cycle recruiting process for larger funds ( upper-middle-market and mega-funds) in the U.S.I’ll cover all those points here, but let’s start with the short version of what to know about private equity headhunters: The TL DR About Private Equity Headhunters Many IB Analysts go into the process without understanding these points or the actual purpose of headhunters, which leads to sub-par results. You’ll almost always have to deal with private equity headhunters if you want to win offers at mid-sized-to-large private equity firm s.ĭepending on your approach, preparation, and timing, you might get great results – or a collection of interview horror stories.Īnd while you can find plenty of “headhunter lists” online, it’s more difficult to find tips and strategies to prepare for headhunters. ![]()
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