Private Equity Business School
Private Equity Business School
Private Equity is Popular Choice for B-School Grads
The private equity job market is highly competitive and while few firms explicitly require applicants to have an MBA, it certainly improves your chances of being hired. A recent survey of private equity firms in Europe and the U.S. reveals that 52% of the executives at the partner level or above held an MBA. That more than half the executives hold a Master’s in Business Administration is pretty conclusive evidence of the value of graduate-level education.
Another survey by Financial News showed that private equity is an increasingly popular destination for MBA graduates. In a survey of five leading MBA schools, the number of graduates taking jobs at private equity firms has more than doubles over the last six years. The study looked compared graduates from Harvard Business School; Stanford Graduate School of Business; the Wharton School at the University of Pennsylvania; the U.K.’s London Business School; and Insead, located in France and Singapore.
The number of Harvard MBA graduates moving into the private equity and venture capital industry rose significantly from 2003, when only 8% of grads chose private equity, compared to 21% of last year’s graduates. The rise in graduates selecting investment banking was much lower with only a 2% uptick over the same time period. Stanford’s Graduate School of Business showed a corresponding pattern with a 10% increase from 2003 to last year’s graduates and only a 1% lift for investment banking.
The results of the survey suggest that graduates believe they can make more money working with a private equity firm. Other reasons I have heard for choosing private equity are the challenge and hands-on experience you receive working in the industry, as well as the high-caliber of professionals working at private equity firms. With so many graduates from top business schools flooding the industry, the talent at big and small private equity and venture capital firms is noticeable.
Apax Partners OKC held the highest percentage of partners with MBAs at 77% of its partner-level executives. Top private equity firms Kohlberg Kravis Roberts and Blackstone Group had high proportions of MBAs among their senior staff too, with 61% and 63%, respectively.
For more information about a career in private equity, please see our resource Private Equity Jobs
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Survey Results from EfinancialNews
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