Written by PER’s Head of Research: Sharon Chammah
It’s that time of year when we are all determined to start afresh, beat last year’s targets, get fit and try that new Peruvian fusion pop up restaurant round the corner. For some of us who are about to get that hard earned bonus, it is also a good time to think about new career prospects.
We are pleased to say in 2016 – PER placed about 180 professionals from Analyst to Partner level in private equity firms around the world and we already have another 40 people with offers accepted for a start date in Q1 2017.
One of the main questions we have heard in London in the first couple of weeks of the year is whether Brexit and its global political and economic implications means they should stay where they are or make a move. How will it all affect private equity? Are funds still hiring? What will be the impact on fund raising? Should people move now or wait to see what effect triggering Article 50 has? Investment banks, a key source of private equity analysts and associates, are already talking about re-locating / restructuring their teams. Whatever your view, we think that there will be a large demand from private equity, making this a candidate led market.
Whatever the scenario, seeking a career in private equity demands a great deal of organisation and homework. The key thing is to think about what skills you’ve acquired and where can you best apply them to make your career search highly efficient and ensure that first interview invitation. Our top recommendations to get on a shortlist for a private equity firm are as follows.
1. Do your homework, who are you targeting? – Have you explored key trends in direct investments, secondaries, private debt? Who is fund raising, who’s not? Do team member profiles match yours?
2. First impressions, what does your CV say about you? – Is it clear and structured ? Does it highlight key achievements and skills attractive to private equity firms? Does it show you are a self-starter? Do you have transaction experience? Can you build financial models? Do you have a demonstrable track record of career success? Can you build and manage a wide range of relationships?
3. Practice makes perfect, fine tune your interview skills by making sure you have thought about what the private equity hiring manager will want to know about you in a first interview. This will be about fit and character – and if you don’t get through it you won’t get chance to show off your skills.
We can help give you some more insight into how to successfully break into private equity. We have 20 years of experience placing candidates within a wide range of alternative asset funds and are well positioned to help you package your skills and personality for a successful transition into this amazing market.
About the author: Sharon Chammah leads the research team at PER. With nearly 10 years’ experience in investment banking corporate finance and M&A, she is responsible for identifying, advising and developing relationships with candidates seeking a career in private equity.