Working in Private Equity
admin | Wednesday, August 19th, 2009 | No Comments »Work in Private Equity
Do You Really Want to Work in Private Equity
I receive e-mails every week from eager young professionals looking for an entry point to the private equity industry. A familiar phrase is “I want to work in private equity” but I would guess that few really consider if they can commit to a career in private equity. So, I’m asking potential private equity professionals, do you really want to work in private equity?
There are an infinite number of careers you can pursue, but if you are reading this blog we can assume that you have settled on finance. Committing yourself to working in the private equity industry is a necessary first step toward achieving that goal. If you are simply trying for any business or finance job that you can find, you are at a disadvantage to those who have a
single goal of working at a buyout firm.
If you do not commit exclusively to private equity you have to spread yourself and your resources over several industries which makes it significantly more difficult to meet with people connected in each industry. While you are are spreading yourself too thin across hedge funds, private equity, mutual funds and other areas; a committed competitor is networking with private equity professionals, joining private equity associations, interviewing at with managers and partners and taking other concrete steps toward a private equity career.
If you really want to work for a private equity firm, it will show in your self-discipline, networking, knowledge of the industry, passion and, ultimately, your actions. You can change
your mind later, but if you want to try to work in this industry – go all in and learn as much as
you can. Make the decision to change focus, commit to it for three to five years and see what
comes of it.
A common question during an interview with a private equity firm or recruiter is “Why do
you want to work in private equity?” If you can offer an honest answer that displays your dedication and interest in the industry, then you are on your way.
If you’d like to learn more about the industry please see our Career Guide which has helpful resources for advancing your private equity career.
Looking for a job in private equity or would you like to advertise an open position on this website? See our Alternative Investment Jobs.
Usual disclaimer: This does not constitute financial advice, see a licensed professional or legal consultant before following any recommendations from this website.
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