Moving from undergrad LDP to MBB

After getting my analyst position in IB rescinded (hiring freeze, not because I screwed up or anything), I worked at an Infra PE fund as an intern for 6 months before landing a position at an energy undergrad rotational LDP (think Siemens Gamesa, Nordex, GE, etc.). Currently in my 2nd year based in continental Europe doing sales.

  1. Do you think I have a reasonable shot at an MBB?

  2. What level should I be recruiting for? BA or Junior Associate?

  3. Do I have a shot at energy PE funds?

Here is some of my background:

  1. Ivy/Oxbridge undergrad (not engineering) with a master's from no-name school (online) in energy

  2. Have made it to the final rounds of MBB intern programs before (but didn't do enough casing)

  3. I can speak an Asian language and would be happy to go back.

 

Based on the highest ranked content on WSO, let's tackle your questions one by one:

  1. Reasonable Shot at MBB?

    • Your Ivy/Oxbridge background is a strong asset, as MBB firms often recruit from such prestigious institutions.
    • Having made it to final rounds of MBB intern programs indicates you're on their radar and capable of getting through most of the recruitment process.
    • Your international experience and language skills are valuable, especially if you're open to working in Asia where that language is spoken.
    • The experience in an energy undergrad rotational LDP and at an Infra PE fund demonstrates a diverse skill set and industry knowledge, which can be appealing to MBB firms, particularly if you're targeting their energy practices.
  2. Level for Recruiting:

    • Typically, MBB firms recruit at the post-undergrad level for 'Business Analyst' or 'Associate' roles, depending on the firm's terminology.
    • Given you're in your second year of professional experience, you might be eligible for an 'Experienced Hire' position, but this can vary by firm and office location.
    • It's best to network with current MBB employees and check with the firm's recruiting team to understand the appropriate level for someone with your experience.
  3. Shot at Energy PE Funds:

    • Your experience in an Infra PE fund and the energy sector LDP could position you well for energy PE funds, especially if you've developed a strong understanding of the market and have a relevant network.
    • The master's degree in energy, even from a no-name school, shows a commitment to the sector and could be a differentiating factor.
    • Again, networking will be key here to understand the specific requirements of energy PE funds and how your background aligns with their needs.

Remember, networking is crucial in both scenarios. Reach out to alumni, leverage LinkedIn, and attend industry events to increase your visibility and chances of transitioning to either MBB or energy PE funds. Keep honing your case interview skills as well, since that seems to have been a stumbling block in the past. Good luck!

Sources: Non-target student with full-time offers to 2/3 MBB's. Ask me anything!, chances of MBB, Non-target student with full-time offers to 2/3 MBB's. Ask me anything!, What’s Harder? MBB or EB/BB, https://www.wallstreetoasis.com/forum/investment-banking/do-i-have-a-chance-be-honest?customgpt=1

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 
Most Helpful
  1. Do you think I have a reasonable shot at an MBB?

    • Possibly, but better (a) have a good reason why you went Oxbridge -> no name (instead of no name -> Oxbridge) and (b) be able to showcase the impact you've had, your ability to go above and beyond, and your tendency to excel in any environment while solving problems

  2. What level should I be recruiting for? BA or Junior Associate?

    • BA / A / AC because of your relatively short work experience (unless BCG / McK are more lenient on this, but I don't see why they would be)

  3. Do I have a shot at energy PE funds?

    • No clue, not from PE

 

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