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’sk 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?