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How To Secure Your Dream Job In Private Equity

<p>For many people&comma; a job in private equity would be a dream come true&period; Perhaps the generous salaries may be able to offer you financial security that you had never before thought possible&comma; you may thrive working in a high-pressure and fast-paced environment&comma; it may have even been a goal of yours to work in the financial sector since you were a schoolchild&period; The fact of the matter is though&comma; private equity is an extremely competitive industry and securing a job at a top firm is no easy task&period; If you’re serious about looking for a private equity job&comma; there are some measures you can take to give yourself the best possible chance of landing that dream position&period;<&sol;p>&NewLine;<h3><strong>General Job Prospects<&sol;strong><&sol;h3>&NewLine;<p>In case you have had your head buried in the sand for the past four years or so&comma; we’re in the middle of a global economic crisis&period; This isn’t going to count in your favour I’m afraid&comma; as business isn’t exactly booming at the moment for finance-based industries such as private equity&period; Don’t get disheartened already though&comma; this just means it’s going to be difficult to find your dream job&comma; not impossible&period;<br &sol;>&NewLine;Larger private equity firms are still looking to take on a small number of staff each year&comma; so the vacancies are there&comma; even if there is increased competition for them&period; If you already work in the banking industry&comma; you may also find that you are recruited by a head-hunter for a job in private equity&period; If you’re not a firm believer in fate and you’d rather take matters into your own hands&comma; why not track down and contact some head-hunters by yourself&comma; if they think you’re a high quality candidate&comma; they may be able to offer you a way into the industry&period;<&sol;p>&NewLine;<h3><strong>New Graduates<&sol;strong><&sol;h3>&NewLine;<p>If you’re a new graduate with aspirations of breaking into the private equity sector&comma; you may be keen to realise your dreams immediately after leaving university&period; Unfortunately&comma; you might have to slow down slightly&period; Unless you have been lucky enough to secure some work experience at a private equity firm in the past&comma; you are unlikely to have the sort of experience that you will require for a job in the sector&period;<br &sol;>&NewLine;Don’t worry&comma; this isn’t the end of the world&period; If you can afford to do so&comma; why not try and find an unpaid internship at a firm&comma; it will provide you with invaluable experience and you may even be offered at job at the end of your time there&period; If you know you won’t be able to afford to work without pay for a few months&comma; you’ll have to either have earned a degree from a top &lpar;and I mean top&rpar; university or get lucky with your networking&period; New graduates may need to take a step back&comma; find a job in a related finance sector and work towards private equity as a long-term career goal&period;<&sol;p>&NewLine;<h3><strong>Management Consultants<&sol;strong><&sol;h3>&NewLine;<p>If you’re working in an industry like consulting which is somewhat related to private equity&comma; you will have some good prospects of being able to secure the job you’re looking for in the sector&period; There are some firms out there that are notoriously reluctant to hire those from a consultancy background&comma; but don’t let that discourage you&period;<br &sol;>&NewLine;Some private equity firms to the contrary are known for their predilection to those who have worked in consultancy&semi; it’s your job to research which firms favour consultants&comma; track them down and see if they’re currently employing&period; Better news yet for consultants is that in a market which is slowing down&comma; many firms are looking for people with your experience&comma; as they’re currently focusing their time building on what they have with their current clients&comma; rather than searching out new ones&period; Management consultants should try to enter the private equity industry with a mid-sized firm and look to build their new career from there&period;<&sol;p>&NewLine;<h3><strong>Financial Analysts<&sol;strong><&sol;h3>&NewLine;<p>If you’re an investment banking analyst or work in a similar role and you’re looking to make the move into private equity then you’re in luck&comma; head-hunters looking for new recruits are most likely to be tracking down someone with your skills and experience&period; If you’re going to get approached by a head-hunter&comma; it is most likely to happen early in the calendar year&period; You’ll be asked to explain your experience and essentially make a case for your employment with the firm&period;<br &sol;>&NewLine;<img style&equals;"margin-left&colon; auto&semi;margin-right&colon; auto" src&equals;"http&colon;&sol;&sol;farm3&period;staticflickr&period;com&sol;2697&sol;4117764706&lowbar;599696e2dc&period;jpg" alt&equals;"" &sol;><br &sol;>&NewLine;If you are a financial analyst of some form&comma; your potential new employers will already know that you’re capable of doing the job&comma; you instead have to make a case for yourself as a person&semi; what will you bring to their setup that no one else can&quest; Are you a reliable character&quest; Will colleagues enjoy working with you&quest; If you can rise to the challenge and prove you’re the man for the job&comma; you should have no trouble finding a job in private equity&period;<&sol;p>&NewLine;<h3><strong>Final Thoughts<&sol;strong><&sol;h3>&NewLine;<p>As you can see&comma; there is no direct route into a private equity job&period; Some paths are more well-trodden than others&comma; but all lead to the eventual goal&period; Probably the most important thing to think about is whether or not you are cut out for a job in the sector and whether it’s definitely what you want to do&period; If you don’t have the right character for the job&comma; you may wake up every morning feeling downtrodden and demoralised&comma; but if you are sure that you’re cut out for it&comma; private equity can be a fast-paced&comma; exciting and engaging career&period;<&sol;p>&NewLine;<h5>Attached Images&colon;<&sol;h5>&NewLine;<ul>&NewLine;<li> <span class&equals;"license">License&colon; Creative Commons<&sol;span> <span class&equals;"source">image source<&sol;span><&sol;li>&NewLine;<&sol;ul>&NewLine;<p>Dealmarket is a large private equity marketplace that conencts entrepreneurs and investors around the world into the same management platform&period;<&sol;p>&NewLine;

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