Getting a Job in Private Equity
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22-Sep-2014 -
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Transcript of Getting a Job in Private Equity
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Welcome to the Evisors Webinar
Visit us online at www.evisors.com
Careers in Private Equityfeaturing
Evan Feinberg
Hosted by: Career Advisors on Demand..com/webinars
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My Background
Education• Wharton School, University of Pennsylvania
– Concentrations in Finance and Entrepreneurship
Prior Work Experience• Summer Analyst in Media & Telecom IBD Group at Morgan
StanleyCurrently• Associate at Silver Lake Partners
– Largest Technology-focused private equity firm in the world; ~$14B AUM
Other• Co-Founder of Get Ahead Advice
– Advisory firm focused on advising students for finance jobs and internships
Hobbies• Running, baseball, fantasy sports, cooking, horse racing,
readingHosted by: Career Advisors on Demand..com/webinars
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Agenda
• What type of investing is right for you?
• What is private equity?
• What will you actually do in private equity?
• How do I get a private equity job?
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What type of investing is right for you?
Holding Time
Aver
age
Inve
stm
ent S
ize
High Frequency Trading
Long / Short Equity Hedge Fund
Private Equity
Prop Trading
Holding Company
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What is private equity?
• Capital is raised from retail and institutional investors
• Make investments directly into private or public companies
• Exit the investment after some period of time in order to return profits to investors
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b
c
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Source: PitchBook
a What is PE: Raise capital
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What is PE: Make investments
Source: PitchBook
b
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What is PE: Return capital to investors
Source: PitchBook
c
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What will you actually do in private equity?
• Investment sourcing
• Investment diligence
• Portfolio company monitoring
• Investor communications
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b
c
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d
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How do I get a private equity job?
• Researching the industry
• What firms are looking for
• Choosing your firm
• Recruiting
• Interviewing
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b
c
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Getting a Job: Research
• Newspaper
• Investing books
• Industry newsletters (e.g. Dealbook, Dan Primack, PE HUB)
• Vault guide
a
Reading Communication
• Evisors
• School alumni
• Local organizations
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Getting a Job: What firms are looking for
• Experience: Relevant
• Attitude: Curious
• Work: Diligent
• Thought: Creative
• Communication: Articulate
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Getting a Job: Choosing your firmc
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Getting a Job: Recruiting process
• Application
• Cover Letter
• Resume
• Follow Up
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Getting a Job: Interviewing
• Resume walk
• Why this job
• Why this firm
• Technicals
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Questions & Answers
Question 1:
Is there a general number of interview rounds or is it dependent on the firm?
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Questions & Answers
Question 2:
What types of questions are covered in technical interviews? How important is the technical vs. fit interview?
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Questions & Answers
Question 3:
Can you transition from a management to a finance professional?
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Questions & Answers
Question 4:
Is private equity still a favourable field to start your career?
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Questions & Answers
Question 5:
How can a candidate ruin an interview?
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Thanks for Joining!
Follow up with Evan in a private session at www.evisors.com/expert/1266
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