No insights to offer, but my career so far has been based around accept nothing, believe no one, challenge everything. So my two cents on this:Attended Paul, Weiss’s webinar on PE deals today. As much as I found it useful, I’m honestly feeling quite discouraged from applying. Their associate said that we should speak with many people from every firm we’re applying to and how spending a week on an application isn’t enough time (as apparently, the associate speaker spent a whole year on their K&E vac scheme app answers and seemed to be super focused on landing a US TC at a top M&A/PE firm). He basically portrayed the whole process as a multiple year strategy, implying that getting into a firm of this calibre starts in your first year (or at least undergrad), and that working just a week on an application is nothing.
I just don’t see the point of applying if some candidates are this connected to top firms from their first year onwards. I can imagine that a lot of them will have done first year schemes or vac schemes at other firms, while all my experiences are in completely different sectors. On top of that, I did my law degree outside the UK and only decided to go corporate after I graduated, so this whole application world is new to me compared to LLB students in the UK that did first year schemes or were ambassadors etc.
His whole speech, while coming from a place of trying to help, made me think that unless I can back my motivation with very strong PE-related experience or open day at the firm, I might as well not apply. I can very well explain what I know about PE, why I want to work at a transactional firm, etc but honestly can’t compete with the likes of candidates the associate seemed like, given how selective PW and similar firms are.
Basically, my whole profile is very different to the usual successful candidate at firms like PW, K&E etc. so I’m trying to figure out if applying is even worth it. Regarding today’s discussions, I personally think that tailoring application answers makes a huge difference but perhaps trying with firms that are actually paying attention to them and trying to hire diverse people is a better idea.
Any insights?
This is one person’s experience of their application route to this firm. That alone should be enough to apply on your own merits — your application could be just as strong even if it differs drastically.
While I’m yet to experience the end result of a TC, I also doubt that the individual fully knows exactly what it was that gained them a TC/VS in the first place. Yes, they may have put in countless hours, from the time they hit puberty, into the pursuit of a legal career, but it may well be the case that Graduate Recruitment thought: “Yep — checks academic requirements, answered application questions to a good standard, tested well, interviewed well and had no major dramas on the VS." The preparation for that does not require years of singular focus towards a specific firm (in my opinion).
The idea that spending a week writing an application is insufficient is ridiculous. Unless they are referring to the entire process of achieving the grades or work experience, this is both unrealistic and inefficient. Most firms have 2–4 application questions, probably with an average word count of about 300 words. It may well take multiple years to build the experiences behind those answers, but it certainly doesn’t take that long to craft responses good enough to get through the application sift — a week is more than enough time.
Sorry for the long post — I’m tired and rambling — but just wanted to say: don’t let this person discourage you from anything. You are more than good enough
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