Q&A: MM PE (~$1.5B AUM) Associate in Asia

HiWSO社区,论坛一直对我有利。因此,我决定做这个问答来帮助他人。我目前是亚洲一家中间市场私募股权公司(约1.5B美元)的合伙人。我的背景是相对典型的:中国的前四名本科生,两年在Tier 2咨询公司,然后在另一个MMPE公司(〜$ 2.0B AUM)。我正在申请MBAlast year. Unfortunately, I got rejected by HSW (hard for Asian male, damn!) and only received otherM7schools (Kellogg/Sloan/CBS). So I decided not going to business but joining my currentPEfirm. Feel free to ask any questions and I will try my best to answer.

Comments (29

2018年7月27日 - 1:54 AM

我去了一家商店,我们的大部分工作都是CDD项目PE客户。这显然对我来说是一个优势,因为我实际上可以在采访中谈论这些经历。

Also, situation here in Shanghai is bit complicated. Like 30% ofPE中国的公司总部位于上海(北京另外30%,香港30%),但几乎没有BB/MM/EBbanks in here (most of them are in Hong Kong). Therefore, it is kind of a tradition forPEfirms in Shanghai to look at consulting candidates.

2018年7月27日至6:59 AM

I thought China was a top 3 undergrad (Beijing, Tsinghua, Zhejiang) system with a C9 school acting like the Ivy League

除CDD外,基于中国的咨询办公室有哪些类型的项目/客户?

Jul 27, 2018 - 12:34pm

否。传统上,中国的“前四名”学校是四所目标学校IB和咨询。北京有两个,上海有两个。郑安格是一所体面的学校,但不是其中一所。

I was in the Shanghai office of a global tier 2 consulting firm (think L.E.K./Booz/Parthenon). Aside from CDD, we also did portfolio growth strategy forPE客户。

2018年8月1日至11:53 PM

I did "private equity advisory", most of which was CDD works. I think CDD projects experience definitely helps when it comes toPEinterviews.

Still, I think the brand name of consulting firm is the most important thing. Bain, always the most desirable forPE, followed by McKinsey. I came from a tier 2 firm and that means it's much more difficult for me to get or pass anPEinterview.

Jul 31, 2018 - 9:43am

Do you often see people inPEmove to senior portfolio company roles? If so, what role do they usually do and what tends to help them qualify?

Created a 1-step skincare solution for men. Purchase + reviews appreciated:

www.w34th.com

2018年7月31日 - 12:28 pm

感谢您这样做。我想知道您对具有中国本地技能(书面/说话)的人有什么想法IBstint in the US with aBB/EB?How do you think the work you do right now compare with that of aMMPEshop in the US, in terms of responsibilities, life style, and future prospects?

Aug 2, 2018 - 12:41am

That's totally feasible. I have many friends who were on Wall Street then came back to majorPE在上海和北京公司。如果一个PEfirm is hiring an associate fromIB,他们通常不在乎你是否来自JPM香港或JPM纽约

I think in China, more deals are from emerging industries than in the states because SOEs dominate traditional ones. I guess more than ~60% ofPE交易是TMT/Consumer related and another ~30% are from Healcare. As USDPEfirms, basically you can do nothing with O&G, industrials or traditional manufacturings.

7月25日,2020年 - 3:44 AM

嗨 - 在这里的最后评论中 - 您是说要我们MMPE工业经验无法转移吗?另外,您多久看到一次中国受过教育的国外教育或中国的美国人闯入高级 / MD等级?谢谢!

Aug 2, 2018 - 10:34pm

What are your thoughts on homegrown chinese consumer brands versus importing Western brands into the Chinese market? Historically, Western brands have had an easy time marketing themselves as luxury goods in China (although not necessarily the case in the Western world), but is that trend likely to continue? If not, what are some fast-growing Chinese consumer brands that may be exportable to Western nations?

2018年8月3日- 5:23am

好问题!

如果您今天看中国市场,它与1980年左右的日本本地市场或多或少相似。人均GDP达到8,000-10,000美元,本地品牌开始醒来。许多本地消费者好品牌,例如Muji Uniqlo于1980年左右在日本成立。更重要的是,本地消费者愿意以相同的价格(即使不是当地品牌的价格更高)。

New founded local brands are seen in every category, from cell phone to clothing, from F&B to services. For those brands, they are all focusing on local markets and Chinese local market is huge enough. So there is less motivation for them to go abroad.

最有帮助
Aug 20, 2018 - 12:59am

Hey, I actually just finished listening to the Acquired podcast special on XiaomiIPO, where the two VC-b/g hosts had two otherVCS来自GGV,专注于中国市场。他们提到了与您上面的帖子相似的观点 - 心态和认可,当地初创企业和技术具有能力,并且正在制定创新的产品,这些产品可以脚趾与其他西方玩家。

他们还提到小米的创始人之一将Uniqlo/Muji视为灵感(基于质量并已国际化的本地品牌)。但是他们提到的一点是,尽管人们正在为像80年代/90年代这样的日本和韩国等公司努力工作,但他们认为,在初创企业或大型科技公司中,许多人这样做的可能性越来越大(为了未来的潜力增长或职业发展)与大型SOE或企业集团(如他们在为下一个选择或增长与大型稳定的工作相比,他们正在努力)。

In case anyone is interested:
http://www.acquired.fm/episodes/2018/8/5/season-3-episode-2the-xiaomi-i…

Aug 19, 2018 - 11:57pm

您是否介意分享招聘过程PEin China (SH/BJ)? How many rounds of interviews and any modeling test? Thought technical is highly sought after forPEroles in the US - is it the same in China?

2018年8月20日 - 4:02 AM

Iusto veniam distinctio expedita nostrum. Vel reprehenderit velit earum tempore consequatur debitis. Minus dignissimos veritatis voluptatem cupiditate perferendis.

Laboriosam totam deserunt exercitationem nemo qui nobis ut et. Tempore maxime maiores nostrum consequatur aut in amet nam.

Start Discussion

Popular Content查看全部

Insight on Advent
+23 PE 经过Clueless and Incompetent
How to recruit for PE as an associate?
+20 PE 经过IB的前景 - gen
什么是PE操作?
+20 PE 经过Prospect in IB-M&A
TMT/以工业技术为重点的MM PE公司
+19 PE 经过PE -LBOS中的3个
删除
+17 PE 经过CEO in PE - Other
公司银行业到家族办公室PE?
+16 PE 经过Associate 1 in IB - CB
JPMPrivate Credit
+16 PE 经过PFSynergies

Total Avg Compensation

January 2022私人产权

  • 校长(8) $676
  • Director/MD (18) $575
  • 副总裁(71) $ 360
  • 第三年级助理(71) $ 270
  • 第二年助理(144) $ 253
  • 1st Year Associate (296) $ 220
  • 3rd+ Year Analyst (26) $ 159
  • 第二年分析师(64) $ 133
  • 第一年分析师(193) $ 120
  • Intern/Summer Associate (21) $67
  • Intern/Summer Analyst (227) $59

Leaderboard查看全部

1
Addinator's picture
Addinator
99。3
2
redever's picture
redever
99。2
3
贾莫多的照片
贾莫多
99.1
4
华音”s picture
卡农
99.1
5
pudding's picture
pudding
99.0
6
CompBanker's picture
CompBanker
99.0
7
西海岸雨衣's picture
西海岸雨衣
99.0
8
Betsy Massar's picture
Betsy Massar
99.0
9
BankonBanking的图片
BankonBanking
99.0
10
dosk17的图片
dosk17
98。9