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Wall Street Oasis

E40: Private Equity Hostage Situation

Wall Street Oasis

Wall Street Oasis

Business

4.9534 Ratings

🗓️ 3 October 2019

⏱️ 66 minutes

🧾️ Download transcript

Summary

Member @sman540 shares his journey from a small boutique bank to a reputable bulge bracket investment bank. How he struck out the first time with on-cycle private equity recruiting while at the boutique and how he recovered the second time around. Learn about how intense the on-cycle private equity recruiting process is and why it's similar to a hostage situation Want him to mentor you? Check out his profile here. Take a look at his recent AMA here

Transcript

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0:00.0

Hello and welcome. I'm Patrick Curtis, your host and Chief Monkey, and this is the Wall Street Oasis podcast. Join me as I talk to some of the community's most successful and inspirational members to gain valuable insight into different career paths and life in general.

0:21.6

Let's get to it.

0:25.4

Member S. Man 540 shares his journey from a small boutique bank to a reputable bulge bracket investment bank.

0:32.6

How he struck out the first time with on-cycle private equity recruiting while at the boutique

0:37.4

and how he recovered the second time around while at the bulge bracket. Learn how intense the

0:42.6

on-cycle private equity recruiting process is and why it's similar to a hostage situation. Enjoy. Sman 540. Thanks so much for joining the Wall Streetoises podcast.

1:02.9

Yeah, thanks so much for having me, Patrick.

1:04.6

Cool, ma'am. So it would be great if you could give a quick summary of your background.

1:08.7

Sure. So I'm born and bred from New York. Both my parents are physicians. So

1:15.8

growing up, I always had an interest in health care, but didn't really know what I wanted to do

1:20.3

professionally. And then ended up going to a target school for undergrad. And pretty much everyone

1:25.5

was funneled into either consulting or banking and I was

1:29.1

studying health care policy at the time so I thought I'd try to combine the health care that I grew up

1:34.3

with with just this banking push that everyone else was doing and turned out I actually ended up

1:38.9

really liking it really having an interest in finance so I did a internship in a markets group at a bulge bracket. My sophomore

1:46.1

year leveraged that to break into front office role with an investment banking with a boutique,

1:52.1

a healthcare boutique, my junior year for my internship, I accepted that role full time. And then

1:58.0

after six months from the job job received a lateral opportunity to switch

2:02.7

to a bulge bracket still in investment banking but within a different vertical and I've been doing

2:07.2

that for the last eight months now great and real quick so you specifically going back to

2:14.6

kind of undergrad when you were when you made that decision of like,

2:18.5

okay, finance does interest me, what, that was, you said sophomore year?

...

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