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Private equity analyst programs for undergraduates

Most junior hiring at these firms is of associates with prior experience, but some firms hire analysts straight from undergraduate. We could verify a route at 5 of the 37 firms here: KKR, Warburg Pincus, Vista Equity Partners, Insight Partners and Partners Group. They recruit early. Warburg Pincus opened its August 2028 analyst class in September 2026, and it is the only one of the 5 that posts a base.

5 of 37 listed programs match · Last verified November 11, 2026 · See the full Private Equity List →

Undergraduate analyst programs we could verify

Programs that a firm describes on its own site or postings. A firm missing from this table may still hire analysts; we list only what we could read.

FirmProgramWho it is forPosted payStatus on November 11, 2026
KKREarly careers full-time programs (KKR Student Careers)Not stated on the pages readNot postedNo US investing analyst role was posted
Warburg Pincus2028 US Analyst Program (Full-Time)Undergraduates graduating December 2027 to June 2028$125kOpen; first published September 20, 2026, for an August 2028 start
Vista Equity PartnersPrivate Equity Analyst, through the 2028 Summer Analyst internshipUndergraduates graduating December 2028 to June 2029Not postedSummer Analyst applications due November 17, 2026; full-time roles from summer 2029
Insight PartnersInvestment Analyst Program (2028 class)Undergraduates and 5th-year Master’s students graduating December 2027 to June 2028Not postedNo application was posted on the date read
Partners GroupFinancial Analyst Program (two to three years, rotational)Recent graduates; last cycle, graduation between December 2026 and July 2027Not postedClosed: applications closed July 31, 2026. The page does not say which offices take analysts

“Not posted” means no pay is stated on the program page or posting.

How far ahead analyst recruiting runs

Warburg Pincus first published its 2028 US Analyst Program on September 20, 2026, for a class that starts in August 2028. That is about 23 months from posting to start, and the posting is aimed at students then beginning their junior year: “Anticipated graduation date from an undergraduate program in December 2027 - June 2028”. There is no internship in between; the firm says “we do not currently offer internships”.

Vista and Insight Partners reach a year further back. Both are recruiting summer 2028 interns from students who graduate between December 2028 and June 2029, which means sophomores in autumn 2026, about 19 months before the internship starts. Vista’s posting was dated November 10, 2026 and its deadline is November 17, 2026: one week.

What an analyst does

It depends on the firm. Warburg Pincus places analysts by sector: “Each Analyst is assigned to an industry sector where they can specialize and build the foundation for becoming an expert in that area.” Insight Partners’ analysts source deals: “As a sourcing analyst on Insight’s Investment Team, you are the lifeblood of our firm. Without you, our deal pipeline does not exist.” Those are different jobs, so read the program page before you apply.

What we could not verify

Of the 15 firms that post no roles, Insight Partners is the only one that describes an analyst program. We could not establish whether the other 14 hire analysts from undergraduate at all. Partners Group’s Financial Analyst Program page does not say which offices take analysts. Blackstone’s campus board lists Summer Analyst programs, all outside the US on the date read, and we could not read its program pages, or those of Carlyle or Ares. Apollo’s site has no student program page. No firm publishes a class size.

KKR is a global investment firm that, in its own words, “offers alternative asset management as well as capital markets and insurance solutions”, and it sponsors funds in private equity, credit and real assets. It owns the insurer Global Atlantic, which accounts for a large share of its open roles. On November 11, 2026 no US private equity analyst or associate role was posted. The junior investing roles were one private credit Associate/Analyst role and 2027 MBA internships.

Credit arm: Associate/Analyst base (3+ years)
$150k–$175k
Locations
New York
Work setup
Posted by office (New York); remote or hybrid terms were not recorded in this read
Who they hire
Students: KKR’s Student Careers page describes “our internship and early careers full-time programs across the globe” and a 10-week US summer internship. Credit: the one posted Associate/Analyst role says “The ideal candidate will have 3+ years of full-time work experience in investment banking, credit, lending, or other relevant buyside roles.” KKR does not say how it hires private equity associates.
Applications
The 2027 MBA Internship Program - Infrastructure posting went up October 27, 2026. The only undergraduate 2027 Summer Analyst posting live was an insurance sales seat, not an investing role
Worth knowing: KKR’s only undergraduate 2027 Summer Analyst posting on the date read was for insurance sales, in the insurance business it owns. Read the team on a KKR posting before the title.
Credit and MBA roles only: one US private credit Associate/Analyst role and three 2027 MBA internships were posted, and no US private equity analyst or associate role was live

Salary band, hiring status & why it ranks here — see the full KKR PE page →

Warburg Pincus is a private partnership founded in 1966 that calls itself “the pioneer of global growth investing” and invests across stages from growth to buyout. It hires a full-time analyst class straight from undergraduate and posts the base salary, which no other firm on this list does. “Each Analyst is assigned to an industry sector where they can specialize and build the foundation for becoming an expert in that area.”

Undergraduate analyst base (new graduate)
$125k
Locations
New York
Work setup
Posted by office (New York); remote or hybrid terms were not recorded in this read
Who they hire
Undergraduates: the 2028 US Analyst Program asks for an “Anticipated graduation date from an undergraduate program in December 2027 - June 2028”. There is no internship route: “Please note this is a full time opportunity and we do not currently offer internships.” Associates: the firm keeps a pipeline posting (“This is to pipeline future Analyst & Associate candidates.”) and does not say where associates are hired from.
Applications
2028 US Analyst Program (Full-Time) was first published September 20, 2026, for an August 2028 start about 23 months later
Worth knowing: Warburg Pincus’s candidate privacy notice, attached to every posting, lists “recruitment agencies we collaborate with to fill vacancies” among its sources of candidate data. It is one of two first-party mentions of recruiters we found on these firms’ pages; the other is Providence Equity Partners’ notice to recruiting agencies.
Open: the 2028 US Analyst Program (Full-Time) in New York and a US Analyst & Associate pipeline form were posted

Salary band, hiring status & why it ranks here — see the full Warburg Pincus PE page →

Vista describes itself as “a preeminent technology investor, specializing in enterprise AI and software, with over $100 billion in AUM”. It takes open applications for a summer analyst class, an associate class and an MBA summer associate class; no other buyout firm on this list had all three posted. “Associates join a structured class cohort with a formal training curriculum covering financial modeling, SaaS diligence frameworks, and deal execution, alongside senior mentorship from Vista’s investment team.”

Pre-MBA associate base (2+ years preferred)
$120k–$150k
Locations
Chicago · Austin
Work setup
Posted by office (Chicago, Austin); remote or hybrid terms were not recorded in this read
Who they hire
Undergraduates: a 10-week Summer Analyst Program in Austin for students “graduating between December 2028 and June 2029”, after which “successful Summer Analysts may be considered for full-time opportunities beginning in Summer 2029”. Associates: the 2027 class asks for an “Undergraduate degree completed in 2025 or earlier” and “2+ years of relevant experience in investment banking, private equity, growth equity, or a related field preferred”. MBAs: a 2027 Summer Associate internship for first-year students.
Applications
All four campus postings are dated November 10, 2026. Summer Analyst applications are due first (“All items must be completed by November 17, 2026, at 11:55 P.M. CT.”) and the MBA Summer Associate by November 29, 2026
Worth knowing: The same associate class is posted twice, and only the Chicago posting states pay; the Austin one has no pay line. The summer analyst posting also says full-time analyst offers “will not include employer-sponsored work authorization”.
Open: 2027 Private Equity Associate (Austin and Chicago), the 2027 MBA Summer Associate (Chicago) and the 2028 Summer Analyst (Austin) were all posted November 10, 2026

Salary band, hiring status & why it ranks here — see the full Vista Equity Partners PE page →

Insight Partners is a software investor spanning venture, growth equity and buyouts. Its site says: “As of December 31, 2025, the firm has over $90B in regulatory assets under management.” Its campus page says it “has been sourcing and investing in innovative, high growth software companies for 30+ years”. Its analyst program is built on sourcing: “As a sourcing analyst on Insight’s Investment Team, you are the lifeblood of our firm. Without you, our deal pipeline does not exist.” On November 11, 2026 its job board listed no postings, and its Campus Recruiting Talent Pool form says “This is not an active job posting.”

Locations
None posted
Work setup
Not stated: no junior investing role is posted
Who they hire
Undergraduates: “Undergraduate or 5th-year Master’s students graduating between December 2028-June 2029 are eligible to apply to our 2028 Summer Investment Analyst Program.” The 2028 full-time Investment Analyst Program is for those graduating between December 2027 and June 2028. Analysts are promoted from within: the summer program page profiles an employee who progressed “from Summer Analyst to Full-Time Analyst and now Associate”. A lateral associate route is not stated.
Applications
No application was posted on November 11, 2026. The firm says it reviews applications “in order of when they were completed”
Worth knowing: The campus page mixes cycles: a 2026 Summer Investment Analyst Program timeline dated September 2024 to February 2025 sits beside 2028 eligibility text. Check every date on it before you plan around it.
No roles posted: the job board listed no postings, and the campus pages describe the 2028 Summer Investment Analyst and 2028 full-time Investment Analyst programs without a live application

Salary band, hiring status & why it ranks here — see the full Insight Partners PE page →

Partners Group is a private markets manager investing in private equity, infrastructure, real estate, private credit and royalties. Its postings say: “We have USD 185 billion in assets under management and around 2,000 professionals across 24 offices worldwide.” Most of its hiring is outside the United States: 10 of the 75 postings on its board on November 11, 2026 were US roles, in New York and in Broomfield, Colorado, which a posting calls its regional headquarters. They included a private equity associate, private credit associates and an MBA summer associate program.

Private equity associate base (experience not stated)
$155k–$175k
Locations
Broomfield · New York
Work setup
Posted by office (Broomfield, New York); remote or hybrid terms were not recorded in this read
Who they hire
Associates are hired directly. The private equity posting is for “a Denver-based, Associate-level investment professional to join the direct private equity investment team” and names no number of years. The private credit postings ask for “2+ years of relevant work experience in an investment role (private credit / private equity), debt advisory, or investment banking (leveraged finance, M&A).” Graduates: the Financial Analyst Program is a “two to three-year rotational program” for recent graduates. MBAs: the Summer Associate Program takes students “currently enrolled in a full-time, two-year MBA program graduating in 2028”.
Applications
The 2027 Summer Associate Program was listed November 11, 2026 with an application deadline of November 20, 2026. Applications for the Financial Analyst Program closed on July 31, 2026
Worth knowing: The same private credit associate role carries two ranges: $155,000–$175,000 in Broomfield and $170,000–$195,000 in New York. The private equity associate posting calls the role “Denver-based”; the board lists it under Broomfield.
Open: Associate, Private Equity, Goods & Products (Broomfield), Associate, Private Credit (Broomfield and New York) and the 2027 Summer Associate Program for MBAs (Broomfield) were posted

Salary band, hiring status & why it ranks here — see the full Partners Group PE page →

Common questions

At some firms, yes. We could verify a route at KKR, Warburg Pincus, Vista Equity Partners, Insight Partners and Partners Group. Warburg Pincus hires a full-time analyst class directly. Vista hires analysts through its summer analyst internship, and Insight Partners runs both a summer and a full-time analyst program. Partners Group’s Financial Analyst Program is a two-to-three-year rotation for recent graduates, and applications for its last cycle have closed. Most other junior roles on this list are for people with one to three years of experience.
The only posted figure is $125,000, the base for Warburg Pincus’s 2028 US Analyst Program, with a discretionary bonus the posting does not quantify. Vista, Insight Partners, KKR and Partners Group state no pay for their undergraduate or graduate routes.
Close to two years ahead. Warburg Pincus first published its August 2028 analyst class on September 20, 2026. Vista posted its summer 2028 analyst internship on November 10, 2026 with a November 17 deadline. Insight Partners says of its analyst program: “The earlier you apply, the better, as we review applications in order of when they were completed.”
No. On this list an undergraduate analyst is a new graduate, and an associate is usually hired after one to three years somewhere else. Titles can mislead, though: Golub Capital’s Analyst role asks for 1 to 3 years of experience, and Summit Partners has no analyst title at all, so Associate is its entry title.

Land the offer, not just the interview.

There is no private equity course yet. Most associates on this list are hired out of banking, so start with the accounting, valuation, DCF and LBO technicals the investment banking course covers.

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