Written by PER’s Head of DACH: Rupert Bell Senior hiring for private equity firms is a tricky business. There is arguably far more downside than upside, from disrupting the existing culture, and demotivating mid-level and junior colleagues, to the financial and PR costs of breaking a contract if the integration doesn’t work. On the other hand, demand remains high: institutional investors have broadly doubled their allocations to private equity and this capital can only be deployed properly by seasoned investors….
Testing can be testing: improve your CHANCE of success with our six top tips Online skills tests are becoming increasingly common in private equity recruitment processes. There can be a temptation to fit these in when you get a few minutes without realising the weight that might be put on the results. A below the bar performance can rule you out almost before you have begun. Improve your CHANCE, of success with our six tips to sail through this stage…
Stuart Paterson, Finance and Operations Consultant at PER discusses the importance of hiring Private Equity Fund Accountants for the long term strategy of your finance team.
You may have thought investor relations was only about communications: well it is much more than that. Today’s investor relations professional can understand and interpret the numbers as well as any deal doer. And they need to be able to, as the investors themselves have become increasingly demanding for information about performance and returns.
Our Salary Survey publication is getting closer. We have just had a sneak preview and we have some super data. We are more than sure our contributors are going to be pleased with the level of detail across multiple fund types and sizes. We’ve also got some special insights into gender split across all roles and levels this year. There are no real surprises in what the data shows, but it really brings home the issues. Judge for yourself!
September always feels to me the like start of the school year. And many people get back into the office invigorated after their summer break. A couple of weeks on the beach is a great way to relax and destress – it’s also a great opportunity to reassess career choices. The number of applications to our online job advertisements surge in September. Applications can be up by 30% at this time of year.
If you’ve spent the past three years head down on your professional qualification whilst juggling the ever increasing workload in your day job, September has come as a welcome relief. It’s one of those rare times in your professional career when you have a bit of time to reflect on your career and where you’re looking to take it.
Gold dust is easier to find and less costly to lose! Hiring at junior levels and growing your own is the best long-term strategy for your finance team. If you want a junior then attracting a good one from the big four or the specialist administrators is probably your best bet. You should be able to entice them with a winning combination of slightly higher compensation and the private equity appeal of becoming client rather than service provider. …
Dear Gail “Our VPs are telling me their base salary is way below market – can you help me benchmark?” “We want to build out our investor relations team – what should we be budgeting for the various levels?” “We’re losing out to competitors in our associate hiring for what feels like small differences in base salary? What is going wrong?” “We give everyone carry, is this market practice?” “What sort of pension benefit do other firms like us provide?”
It might not be quite the big bang, but the private equity secondaries market is expanding rapidly – according to most industry experts – and this means jobs!