You have to credit those inventive Bschoolers. BW reports that they’re coming up with wacky ways to get their foot into that narrow PE door, like six kids over at Tuck, who spent their winter vacations “perform[ing] free labor for private equity firms looking for research. While there, the students knocked on doors and chatted up receptionists in the hope of getting in front of some private equity and hedge fund partners.” Another persistent kiddo at Columbia shuns Grey Goose and packing meat to spend time gaining ground in the PE hunt.

The interest is very high. Nearly half of Wharton’s student body is involved in their PE club. Meanwhile, other top schools like Columbia, Tuck and Stern are reporting “record” memberships of their PE clubs.

But judging from all of the hedge fund hype we have heard about for years and years now, and continue to hear, I think we’re probably another 5 years from being P.E’d out.

BBalle consulted one Private Equitier about the MBA influx. PE’s reponse: “It’s like moths to a candle. MBAs are not the most intelligent people.”