Recruiting Experience (Landed MF during On-cycle)
Hey everyone, I'm a first-year at a BB who recently went through on-cycle and signed with a MF.
Learned a lot throughout the process (handling HH calls, doing modeling/case studies, nuances of different PE firms, talking about deals, prepping for technicals/behaviorals) and have been tutoring my whole life, so wanted to combine the two.
My experience was largely similar to another post here - I prepped maybe 2-3 h/week in July and began prepping much more intensely the week HH calls came out. Spoke with almost all HH and had a pretty strong sense of fund size/sector/geography, so there were only a handful of firms I wanted to interview at during this cycle. On Friday, I received calls simultaneously for ~10 interviews and went to one NY-based MF, where I was ultimately cut. Decided to try at another firm before sitting out, where I went through a technical round, 7 VP/senior rounds, a 1-hour model and a few case studies before ultimately signing. Whole process lasted around 8 hours.
Please reach out if interested and happy to answer any questions!
What resources did you find to be best in prepping?
For modeling, I used Peak extensively. Learned the template first, memorized the overall format, and was then able to do the models from scratch under the time limit. I think level 3 was more than enough for me, but for some firms I wouldn't be surprised if there were level 4/5 concepts.
For casing, I mainly used CIMs and old case studies (for example the ones on Peak). There were some themes that I found over time that I could apply well to different case studies.
Other than that, I think your usual technicals/behaviorals guides are still relevant.
By peak you are referring to Peakframeworks correct?
Could you expand on "usual technicals/behaviorals guides?" Thanks.
What is CIM?
OP's account is 7 hour old. Is this thread an ad for Peakframeworks?
Haha it isn't, just wanted to make another account for on-cycle help/tutoring purposes
What would you recommend doing senior year to prep?
Would recommend doing very light work (maybe 1-2 hours/week) in late senior spring, especially if it's early again
Any guesses to why you were dinged at the first MF? Do you also have any unconventional on-cycle tips that were helpful for you and haven't been mentioned on this forum already?
Did you land in an SF or NYC MF in the end?
How would you approach conversations with HHs and PE firms about not getting a return offer and then re-recruiting into another bank FT? (both banks have decent looks into PE)
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