Are you aspiring to build a successful career in the realm of private equity and wondering how to make your mark at the industry’s top firms?
Private equity is an essential part of the foundation on which economies are built, and societies flourish.
The industry supports employment and generates jobs by investing in growth, innovation, and sustainability across the continent.
According to IBISWorld, there are 88,245 people employed in the Private Equity, Hedge fund, & Investment vehicle industries in the US as of 2023. Moreover, it’s worth noting that the United States proudly houses eight out of the top 10 largest private equity firms globally.
That means this is a big and rewarding industry; however, the competition to break into this career is fierce.
That’s why mastering the art of private equity as a career enthusiast is so important for your success in making your career in this lucrative industry.
Unlike other careers, in private equity, the cost of making a mistake is just too high—pick the wrong strategy, and you risk resulting in losses for your private equity firm. That’s because every private equity transaction you will be undertaking will result in job losses or the creation of new employment opportunities.
And I don’t mean to intimidate you—building a successful career in private equity is not rocket science. In fact, you’re about to learn most of it in just about 20 minutes.
But there are quite a few important caveats and misconceptions that you need to be aware of in order to make better career decisions, and that’s what I’m going to discuss in this guide.
So let’s dive right in.
What Is Private Equity?
Private equity is an area in the finance industry that involves firms making investments in private companies, or companies that aren’t traded on the public stock market.
Private equity firms use private equity funds to buy out or purchase a majority stake in private companies. They subsequently implement strategic restructuring measures to enhance their value and boost profitability, and then eventually sell the company or its shares for profit.
In most cases, private equity firms often target specific sectors, such as:
- Health care
- Technology
- Real estate
It is important for you to realize that these are long-term investments, and firms can sometimes wait somewhere between 5 and 10 years before realizing any actual returns on investment.
In cases where these firms have limited partners involved, they charge them a management fee of up to 2% of their assets under management and 20% of the revenue made from the investment, commonly referred to as a performance fee.
There are three major types of investments private equity firms typically make in another company:
- Venture capital: investing in a start-up or early-stage company
- Growth equity: investing in the growth of a company at its’ middle stages
- Buyouts: purchasing a mature company entirely
Now that you’ve understood what private equity is and have a snapshot of what happens behind the scenes in private equity firms, let’s take an in-depth look at the top private equity firms in the US in the next section.
Top Private Equity Firms in The United States
In this section, I will take you through detailed profiles of the top 30 private equity firms in the United States. On top of that, this section will also help you identify and select the right firm where you can start your career or shift into this new career.
As there is no set of predefined steps that one can follow to enter this industry, the following sections in the article will enlighten you with information about:
the job description, work experience, and educational background that the best private equity firms in the world today are looking for.
Let us begin with the top 30 private equity firms and know what they expect from a candidate seeking an entry-level position.
#1. TPG creative capital firm
TPG was created in 1992 by Jim Coulter and David Bonderman, former colleagues at the Bass Family Office, who opened the firm’s first offices in San Francisco. Today, TPG is led by CEO Jon Winkelried, who became sole CEO in 2021 after serving as Co-CEO since 2015, and is currently operating through 12 offices across eight countries.
TPG is currently the leading private investment firm in the world, with a business focus that covers a broad range of sectors. The sectors include financial services, IT and communication technology, consumer products, healthcare, media and entertainment, travel, industrial, and retail businesses.
TPG has developed a distinctive approach to alternative investments based on innovation-led growth, an affinity for disruption and technology, and a distinctive culture of openness and collaboration.
Over the past 30 years, they have developed an ecosystem of insight, engagement, and collaboration across their platforms and products. They currently have more than 280 active portfolio companies headquartered in more than 30 countries.
Expectations from candidates at entry-level
You must have an MBA or a degree in finance, mathematics, economics, statistics, or accounting to qualify at entry-level.
It is also mandatory for you to have prior work experience of 2–3 years as an investment banker or management consultant.
Job description for entry-level PE analyst
- You must have extensive knowledge of TPG’s industrial sectors.
- You must know how to apply Lean operations practices to increase efficiency and reduce waste.
- Monitor the assigned portfolio and regularly update it.
- Research to identify strategic advantages across the TPG portfolio.
- Good modeling skills to present portfolio and the results to seniors and stakeholders.
- Ability to research and present the pros and cons of new investment opportunities to a senior team within the firm.
Salary for the role
Source: Glassdoor
#2. The Blackstone Group
The Blackstone Group (headquartered in New York) is an investment firm that invests in PE, real estate, and more. Some of the portfolio companies under Blackstone include Service King, Optiv, and Change Healthcare.
They are leading today in asset management and as an advisory firm to investors. For nearly 40 years, their business focus has been on private equity, real estate, hedge fund solutions, non-investment-grade credit, real assets, and secondary funds.
The firm seeks to invest through buyouts, debt, mergers, acquisitions, mezzanine financing, and growth capital.
This firm manages $241 billion in AUM from the private wealth channel, unlocking access to private markets and institutional-quality investments through partnerships with financial advisors.
Additionally, they’ve generated $291 billion in gains for their investors, including retirement systems representing more than 100 million pensioners.
Expectations from candidates at entry-level
At the entry-level, there are two positions: one for a PE analyst and the other for a PE associate.
- You need a CPA or a graduate degree. However, for an Associate position, you need a post-MBA.
- You need 2 to 4 years of work experience in either or both the public and private sectors.
Job description for entry-level
- You are required to assist seniors in direct acquisitions, divestitures, restructuring, recapitalization, joint ventures, and LBOs across sectors of mid-sized and large portfolio companies.
- As an analyst, your work will include performing financial and competitive analysis, drafting internal and external memos, assisting seniors in the implementation of transactions, computer modeling, and research.
- As an Associate, your job includes monitoring and managing current portfolios for potential exits, investments, and acquisition opportunities.
Salary for the role
Source: Glassdoor
If you’re keen on joining them, then I would advise you to keep an eye on their career page in case new opportunities arise that you qualify for.
#3. Kohlberg Kravis Roberts
The KKR firm manages investments across numerous asset classes. They include hedge funds, energy, infrastructure, real estate, credit, and capital markets.
KKR’s Private Equity platform invests in and partners with industry-leading franchises and companies poised for significant improvement or growth that attract high-quality management teams.
Throughout their history, they’ve consistently been a leader in the private equity industry, having completed private equity transactions with over 0 billion of total enterprise value as of March 31, 2023.
Expectations from candidates at entry-level
The entry-level position is that of an Associate.
- You need a Master’s or Bachelor’s degree in finance, business management, consultation, economics, or mathematics.
- You must have previous work experience of 2-3 years in a reputed PE firm or investment bank and must possess working knowledge of software like Microsoft Office, Bloomberg Terminal, Visual Basic, PowerPoint, data analysis, and valuation.
Job description for entry-level
- You will assist in portfolio management and monitoring.
- You will gather data, analyze it, and present it to seniors using tools like Excel, PowerPoint, and Visual Basic.
- You will prepare preliminary due diligence reports and model growth forecasts for assigned portfolios.
Salary for the role
Source: Glassdoor
They’re always looking for team players who believe in the power of collaboration and shared success—if you qualify for any of their roles, you can apply through their career page.
#4. Goldman Sachs Principal Investment Area
Established in 1869, for more than 150 years, a culture of teamwork and client service has defined Goldman Sachs. Today, nearly 40,000 Goldman Sachs colleagues work together to serve their clients and communities around the world, building upon a rich history of innovative ideas from extraordinary people.
They are a leading firm that provides services and strategic advice to individuals and companies with respect to mergers and acquisitions, divestitures, spin-offs, risk management, and debt and equity underwriting.
Expectations from candidates at entry-level
- You must have an MBA with 2-3 years of work experience in a similar industry to join as an Associate at entry-level.
- You need to be fluent in multiple languages, like English, French, and German, which is an added advantage.
Job description for entry-level
- Your role as an associate includes planning, structuring, and executing financing transactions in the public and private markets.
- You will advise portfolio companies on mergers, acquisitions, and strategies.
Salary for the role
Source: Glassdoor
To work with Goldman Sachs, you can explore more opportunities here.
#5. The Carlyle Group
Carlyle is one of the world’s largest and most diversified global investment firms, with $381 billion of assets under management across 3 business segments and 562 investment vehicles.
The Carlyle Group has investors ranging from wealthy individuals and families to private & public pension funds and other sovereigns like unions and corporations.
Their primary focus is on sectors like telecommunications, media, power & energy, real estate, and defense, to name a few.
Expectations from candidates at entry-level:
The entry-level jobs offered are as a PE Associate/Analyst.
- You need either a Bachelor’s or Master’s degree from a reputed institution, along with 2-3 years of work experience in banking, consulting, or preferably private equity.
Job description for entry-level:
- You will be focusing on buyout and acquisition opportunities in the respective sectors by studying analysis based on public filings.
- You will do comprehensive industry research, utilizing resources and tools such as the Internet, professional databases, Bloomberg, Factiva, Thomson Finance, and expert interviews.
- You will prepare internal analysis reports and formal documents, such as investment memos and assist in preliminary deal screening efforts
Salary for the role
Source: Glassdoor
To explore career opportunities to work for Carlyle, you can visit their career page.
#6. CVC Capital Partners
CVC manages capital for over 300 institutions, government organizations, and private investors worldwide. They are a leading global alternative investment manager focused on private equity, secondary markets, and credit, with a global network of 25 local offices and €140 billion of assets under management.
They focus on venture capital, high net-worth individuals, and LBOs.
Expectations from candidates at entry-level
The entry-level job for an undergraduate is either as an Operations Analyst or an associate.
- You’re required to have either an MBA or master’s degree in finance, economics, or marketing, along with some relevant work experience in the Private Equity field.
Job description for entry-level
- As an Analyst, your primary responsibilities include performance and portfolio analysis, along with handling operations and trade support.
- You will work with and assist seniors with business development and fundraising opportunities.
Salary for the role
Source: Glassdoor
#7. Apax Partners
The firm’s history can be traced back to the origins of private equity in Europe and the US. For over 50 years, Apax has worked to go beyond traditional private equity in building businesses.
They focus on investing funds in four sectors i.e. Consumer, Health, Services, and Tech & Telco.
Expectations from candidates at entry-level
The entry-level jobs are as Associates or Analysts.
- You are required to have either a Bachelor’s or Master’s degree in Economics, Policy Analysis, General Engineering, or Chemical Engineering.
Job description for entry-level
- You are required to work on multiple transactions in the sector assigned.
- You will consult and advise clients and team members, along with managing the portfolios.
Salary for the role
Source: Glassdoor
If you are interested in joining the Apax team, you can send a copy of your resume or CV to recruitment@apax.com.
#8. Apollo Global Management
Apollo Global Management, Inc. is an American global private equity firm. Founded in 1990 by Leon Black, Josh Harris, and Marc Rowan, it provides investment management and invests in credit, private equity, and real assets.
Since its founding in 1990, it has established a notable record of success in alternative investments. Apollo now serves institutional and individual investors across the risk-return spectrum—in yield, hybrid, and equity strategies—and has assets under management of 512.8 billion USD (As of March 31, 2022).
They focus on nine core Sectors as a part of their Private Equity investment business.
These are Chemicals, Commodities, Consumer & Retail, Distribution & Transportation, Financial & Business Services, Manufacturing & Industrial, Media, Cable & Leisure, Packaging & Materials, and Satellite & Wireless.
Expectations from candidates at entry-level
The entry-level jobs are either as a Private Equity Associate or an Analyst.
- You’re required to have a Bachelor’s or Master’s degree in Finance or Business Administration.
- You must have knowledge of working with Microsoft Office/Excel/Word/PowerPoint, and Bloomberg Terminal.
Job description for entry-level
As an analyst, you are expected to take complex, different ideas and convert them into simple, challenging concepts.
Salary for the role
Source: Glassdoor
If you’re interested in pursuing a career with Apollo, here is the link to their careers page.
#9. Bain Capital
Bain Capital Private Equity pioneered the value-added investment approach. They have expertise in Consumer, Retail, Dining, Financial & Business Services, Healthcare, Industry & Energy, Telecom, Media, and Technology.
They operate in eleven offices on four continents and have made over 1,100 primary and add-on investments that have generated consistently strong returns.
Bain Capital, LP has approximately $165 billion of assets under management that create lasting impact for their investors, teams, businesses, and communities.
Expectations from candidates at entry-level
The entry-level jobs for you as an undergraduate are Associate Consultant and Associate Consultant Intern. For MBA graduates, your profile is either that of a Summer Associate or Summer Consultant.
Job description for entry-level
- You will conduct research, structure, and perform analysis to highlight and support Bain’s recommendations to clients.
- You will work closely with full-time consultants.
- You will present the results of your work to partners and clients
Salary for the role
Source: Glassdoor
#10. Oaktree Capital Management
Oaktree Capital Management firm mainly deals in asset classes like Corporate Debts, Convertible securities, Distressed Debt, Control Investing, Real Estate and REITs, and Listed Equities.
They have expertise in investing across the capital structure, which has allowed them to cultivate a diversified mix of global investment strategies in four categories: credit, private equity, real assets, and listed equities.
Expectations from candidates at entry-level
- You are required to have a bachelor’s degree from a top university or college along with 1-3 years of work experience at an investment bank, asset management firm, or consulting firm.
Job description for entry-level
- You will analyze markets, products, and new business prospects to develop recommendations on the applicable plan for Oaktree.
- You will perform quantitative and qualitative analysis with diligence, valuation, and benchmarking by studying industries and sectors for Oaktree.
- You will build detailed financial models and prepare presentations for senior management and external stakeholders.
Salary for the role
Source: Glassdoor
For job opportunities, you’ll need to keep an eye on their website’s career page.
#11. Hellman & Friedman
Founded in 1984, Hellman & Friedman (H&F) is one of the oldest and most experienced private equity investment firms operating today, with offices in San Francisco, New York, and London.
They are well respected for their distinctive investment philosophy and focused approach targeting large-scale equity investments in companies in select sectors.
They are focused on a single private equity strategy that generally seeks to build a concentrated portfolio of large investments in industries they know well and have developed significant expertise in.
Over their investing history, Hellman & Friedman has raised over $70 billion of committed capital and invested in over 100 companies.
This firm currently invests in management buyouts in areas like Financial Services, Health Care, Energy & Industrials, Insurance, Internet, Digital Marketing, Software, Retail, and Consumer.
Expectations from candidates at entry-level
- As an Associate, you need the educational qualification of a bachelor’s or master’s degree in Mathematics, Economics, Biomedical, Engineering, and Business Administration along with previous work experience.
Job description for entry-level
- You will prepare spreadsheet analysis of the impacts of the potential LBO.
- You will identify new opportunities and potential buyout candidates through research and screening.
- You will prepare and present data for senior members for a new opportunity.
Salary for the role
Source: Glassdoor
#12. General Atlantic
General Atlantic pioneered the concept of growth equity. Over their 40+ year history, they have maintained a focus on investing in and building various leading growth companies.
This firm focuses on areas like business services, retail & consumer, financial services, health care, and internet & technology.
Expectations from candidates at entry-level
- As a Private Equity associate, you need previous work experience in a similar sector.
- You are required to have a bachelor’s degree in computer science, engineering, or economics with knowledge of a foreign language.
Job description for entry-level
- You will work on Merger and Acquisition deals; prepare and present data for them.
- You will create modeling structures and present the same to team members, clients, and stakeholders.
- You will assist in creating valuations and identifying opportunities in the form of LBOs, expansion, new sectors, etc.
Salary for the role
Source: Glassdoor
For career opportunities at General Atlantic, you can visit their career page.
#13. HarbourVest Partners
HarbourVest is a private markets firm with 40 years of experience and insight, interwoven skills across asset classes, relationships that build futures, and more than $106 billion in assets under management as of December 31, 2022.
They have been investing for four decades across primary, secondary, and direct co-investments, infrastructure and real assets, and private credit.
Expectations from associate candidates at entry-level
- You need a bachelor’s degree in finance, economics, or a related field.
- You need strong analytical skills, with a solid understanding of financial modeling, valuation techniques, and investment analysis.
- You need proficiency in Microsoft Excel and financial modeling software.
- You must have a minimum 2 years of experience, preferably in a financial services environment.
- You need a background in ODD, investment accounting/audit, compliance, or risk management
- You need to understand operational controls and risk strategies related to private equity organizations
Job description for entry-level
- You will conduct extensive research and due diligence on potential investment opportunities, including analyzing financial statements, market trends, and industry data.
- You will assist in the evaluation and monitoring of portfolio companies, tracking their performance, and identifying potential risks and opportunities.
Salary for the role
Source: Glassdoor
If you want to work with HarbourVest, consider exploring their career page for potential opportunities that match your interest.
#14. Advent International
Advent International is one of the largest and longest-serving independent private equity partnerships. Since its founding in 1984, they have invested $70 billion in over 405 private equity investments across 42 countries. While every company is different, their hands-on approach to helping these businesses flourish has remained constant.
Advent International has been investing in the retail, consumer, & leisure sectors for over 30 years and has completed over 85 investments in 23 countries worldwide.
Expectations from candidates at entry-level
- You need a bachelor’s degree in finance, economics, or a related field. MBA or advanced degree is a plus.
- You need a strong understanding of finance and accounting principles, and the ability to analyze financial statements and perform financial modeling.
- You need proficiency in financial modeling software and Microsoft Excel.
Job description for entry-level
- You will conduct comprehensive industry research and analysis to identify potential investment opportunities and evaluate market trends, competitive landscapes, and growth prospects.
- You will assist in sourcing and screening potential investment targets by analyzing financial statements, conducting due diligence, and assessing the viability of investment opportunities.
- You will prepare detailed financial models and investment memos to support the investment decision-making process, including valuation analysis, financial projections, and investment risks.
Salary for the role
Source: Glassdoor
#15. Warburg Pincus
Founded in 1966, Warburg Pincus has raised 21 private equity and 2 real estate funds, which have invested more than $109 billion in over 1,000 companies in more than 40 countries.
The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore.
Warburg Pincus is a private partnership focused solely on private equity. The firm has over 55 years of experience in growth investing and building world-class businesses around the globe.
Warburg Pincus applies a thesis-driven approach to investing across a variety of sectors and geographies.
The firm has developed domain expertise in Consumer, Energy Transition & Sustainability, Financial Services, Healthcare, Industrial & Business Services, Real Estate, and Technology.
Expectations from candidates at entry-level
- You need a bachelor’s degree in finance, economics, or a related field. Additional qualifications, such as an MBA may be preferred.
- You need strong analytical skills with a solid understanding of financial concepts and valuation techniques.
- You need proficiency in financial modeling and Excel. Knowledge of financial databases and tools is a plus.
Job description for entry-level
- You will conduct comprehensive financial analysis, including financial modeling, valuation, and industry research.
- You will analyze financial statements, company performance metrics, and market trends to assess potential investment opportunities.
- You will prepare financial models, including discounted cash flow (DCF) analysis and comparable company analysis (comps).
Salary for the role
Source: Glassdoor
#16. Clayton, Dubilier & Rice
CD&R was founded in New York and is one of the only private equity firms to continuously operate across five decades in the United States.
CD&R established a European presence in 1998 with the objective of investing in a broad range of businesses, from mid-market sector champions to multinational industry leaders, to accelerate growth and increase operating efficiency.
The Firm’s European team includes operating and investment specialists with expertise spanning the Firm’s core industry sectors—business services, consumer/retail, financial services, healthcare, industrials, and technology—supplemented by an advisor network of prominent corporate leaders.
Expectations from candidates at entry-level
- You need an MBA or an advanced degree in business, finance, or a related field, which is highly preferred.
- You need prior experience in investment banking, private equity, or a related field (typically 2-4 years).
- You need strong financial analysis and modeling skills.
- You need in-depth knowledge of valuation techniques and investment concepts.
Job description for entry-level
- You will conduct detailed financial analysis and modeling to evaluate potential investments.
- You will perform due diligence, including reviewing financial statements, conducting industry research, and assessing risks.
- You will assist in deal sourcing and the evaluation of new investment opportunities.
- You will prepare investment memoranda, presentations, and other transaction-related documents.
Salary for the role
Source: Glassdoor
#17. Insight Partners
For over 25 years, Insight Partners has helped more than 600 transformative companies turn their vision into reality faster and more seamlessly than would be possible alone.
As of February 24, 2022, the closing of the firm’s recent fundraising, Fund XII, brings Insight Partners’ regulatory assets under management to over $90B.
Expectations from candidates at entry-level
- You need a bachelor’s degree in finance, economics, business, computer science, or a related field from a reputable institution.
- You need a strong academic track record and relevant coursework.
- You need to have excellent analytical and quantitative skills.
- You need proficiency in financial analysis and modeling.
- You need knowledge of technology and software industries, including trends and key players.
Job description for entry-level
- You will conduct thorough research and analysis of investment opportunities in the technology and software sectors.
- You will assist in financial modeling and valuation exercises to evaluate potential investments.
- You will prepare investment memos, presentations, and other investment-related materials.
- You will collaborate with the deal team in conducting due diligence on target companies.
Salary for the role
Source: Glassdoor
If you want to learn more about how to secure a job opportunity or internship with Insight Partners, you can visit their career page and learn about their terms and conditions.
#18. Leonard Green & Partners
Leonard Green & Partners, L.P. (“LGP”) is a leading private equity investment firm founded in 1989 and based in Los Angeles with approximately $70 billion of assets under management.
Since inception, they have invested in over 120 companies in the form of traditional buyouts, going-private transactions, recapitalizations, growth equity, and selective public equity and debt positions.
Their primary focus is on companies providing services, including consumer, healthcare, and business services, as well as retail, distribution, and industrial.
Expectations from candidates at entry-level
- You need a bachelor’s degree in finance, economics, business, or a related field from a reputable institution.
- You need a strong academic track record with coursework in finance, accounting, and investment analysis.
- You need to have excellent analytical and quantitative skills.
Job description for entry-level
- You will conduct financial analysis and modeling to evaluate potential investment opportunities.
- You will assist in the due diligence process, including gathering and analyzing financial data, market research, and industry trends.
- You will participate in meetings and discussions with management teams and external advisors.
- You will assist in monitoring the performance of portfolio companies and preparing regular performance updates.
Salary for the role
Source: Glassdoor
#19. Genstar Capital
Founded in 1988, Genstar is proud of the track record it has built helping middle-market companies in targeted sectors succeed. They operate as one team with a single office in the heart of San Francisco.
Genstar currently has approximately $49 billion of assets under management. They are currently managing their tenth fund and actively looking for investment opportunities in founder-owned companies, public company orphans, corporate carve-outs, and traditional buyouts.
Expectations from candidates at entry-level
- You need a bachelor’s degree in finance, business, economics, or a related field from a reputable institution. An MBA or advanced degree is often preferred but not always required.
- You need previous experience in investment banking, private equity, consulting, or a related field is highly desirable.
- You need strong financial modeling and analytical skills, including proficiency in Excel and financial statement analysis.
- You need solid understanding of corporate finance principles, valuation methodologies, and investment analysis.
Job description for entry-level
- You will assist in deal sourcing and evaluation efforts by conducting industry and company research, analyzing potential investment opportunities, and assessing their financial viability and strategic fit.
- You will build complex financial models and perform detailed financial analysis to support investment decision-making.
- You will conduct due diligence on target companies, including reviewing financial statements, conducting market research, and identifying potential risks and opportunities.
Salary for the role
Source: Glassdoor
#20. Francisco Partners
Francisco Partners is a leading technology investment firm with a deep sector focus and a track record of delivering outstanding returns over a period of 20+ years. Through their private equity and credit funds, they provide flexible capital and partnerships to growth-aspiring technology companies.
Expectations from candidates at entry-level
- You need a bachelor’s degree in finance, business, economics, or a related field from a reputable institution. An MBA or advanced degree is often preferred but not always required.
- You need previous experience in investment banking, private equity, consulting, or a related field is highly desirable. Knowledge or experience in the technology sector is a plus.
Job description for entry-level
Your work will be to support the deal team in sourcing and evaluating investment opportunities, conducting market research, and identifying potential target companies within the technology sector.
Salary for the role
Source: Glassdoor
Francisco Partners allows you to explore career opportunities with their portfolio companies.
#21. Tiger Global Management
Tiger Global is an investment firm focused on public and private companies in the global Internet, software, consumer, and financial technology industries.
Since 2003, their private equity business has invested in hundreds of companies across more than 30 countries, including investments ranging from Series A to pre-IPO.
Expectations from candidates at entry-level
- You need a bachelor’s degree in finance, economics, business, or a related field from a reputable institution. Advanced degrees, such as an MBA, may be preferred but are not always required.
- You need a strong academic record, with coursework in finance, accounting, and investment analysis.
- You need proficiency in financial modeling and analysis, including experience with Excel and other financial software.
- You need to be familiar with equity markets, investment research, and financial statements.
- You need previous internships or work experience in finance, research, or a related field.
Job description for entry-level
- You will conduct fundamental research and analysis on companies within the technology sector, including financial statement analysis, valuation modeling, and industry research.
- You will be required to support senior investment professionals in identifying investment opportunities and generating investment theses.
- You will assist in the due diligence process by gathering and analyzing data, conducting market research, and evaluating company fundamentals.
- You will prepare research reports, investment memos, and presentations for internal use.
Salary for the role
As of now, Tiger Global has not made public the salary range for entry-level roles.
#22. Blue Owl Capital
Blue Owl is headquartered in New York City and employs over 570 people across 10 offices in North America, Europe, and Asia. Through the combination of Dyal Capital and Owl Rock, Blue Owl was formed to offer attractive financing and capital solutions to investment management firms and their portfolio companies.
With over $144 billion in assets under management as of March 31, 2023, they seek to provide Institutional and Private Wealth clients access to differentiated, income-generating investment opportunities with a focus on risk mitigation and downside management.
Expectations from candidates at entry-level
- You need a bachelor’s degree in finance, accounting, business, or a related field.
- You need strong analytical and problem-solving skills.
- You need proficiency in Microsoft Excel and other data analysis tools.
- You need knowledge of accounting principles and financial statement analysis.
Job description for entry-level
- You will assist in the day-to-day operations of the firm, including fund administration, investor reporting, and compliance.
- You will monitor and reconcile investment transactions, fund cash flows, and portfolio valuations.
- You will collaborate with internal teams and external service providers to ensure smooth operations.
Salary for the role
Source: Glassdoor
Career opportunities at Blue Owl can be found on their career page.
#23. Ares Management
Since its inception in 1997, Ares Management has been a global alternative investment manager that has generated cycle-tested performance for investors.
They are trusted stewards of flexible and scalable capital, offering clients primary and secondary investment solutions across the credit, private equity, real estate, and infrastructure asset classes.
Expectations from candidates at entry-level
- You need a bachelor’s degree in finance, economics, business, or a related field from a reputable institution.
- You need a strong academic record, with coursework in finance, accounting, and investment analysis.
- You need proficiency in financial modeling and analysis, including experience with Excel and other financial software.
Job description for entry-level
- You will conduct financial analysis and due diligence on potential investment opportunities.
- You will assist in building financial models, conducting valuation analysis, and preparing investment memos.
Salary for the role
Source: Glassdoor
#24. Neuberger Berman Private Markets
Neuberger Berman was founded in 1939 to do one thing: deliver compelling investment results for their clients over the long term. This remains their singular purpose today, driven by a culture rooted in deep fundamental research, the pursuit of investment insight, and continuous innovation on behalf of clients, and facilitated by the free exchange of ideas across the organization.
From offices in 39 cities across 26 countries, Neuberger Berman manages a range of equity, fixed income, private equity, and hedge fund strategies on behalf of institutions, advisors, and individual investors worldwide.
With 742 investment professionals and 2,732 employees in total, Neuberger Berman has built a diverse team of individuals united in their commitment to client outcomes and investment excellence.
Expectations from candidates at entry-level
- You need a bachelor’s degree in finance, economics, business, or a related field from a reputable institution.
- You need proficiency in financial modeling and analysis, including experience with Excel and other financial software.
- You need knowledge of private equity investment principles and valuation techniques.
- You need an understanding of financial markets and industry trends.
Job description for entry-level
- You will conduct research and analysis on potential private equity investment opportunities.
- You will assist in building financial models, conducting valuation analysis, and preparing investment memos.
- You will analyze industry trends, competitive landscapes, and market dynamics.
- You need to monitor and track the performance of existing portfolio investments.
Salary for the role
Source: Glassdoor
Interested in opportunities at Neuberger Berman? Visit their career page.
#25. Adams Street Partners
Adams Street strives to generate actionable investment insights across market cycles by drawing on over 50 years of private market experience, proprietary intelligence, and trusted relationships.
Adams Street manages $54 billion of assets across our primary, secondary, growth equity, credit, and co-investment strategies.
Expectations from candidates at entry-level
- You need a bachelor’s degree in finance, economics, business, or a related field from a reputable institution.
- You need a strong academic record, with coursework in finance, accounting, and credit analysis.
- You need proficiency in financial modeling and analysis, including experience with Excel and other financial software.
Job description for entry-level
- You will conduct research and analysis on potential private credit investment opportunities.
- You will assist in building financial models, conducting credit analysis, and preparing investment memos.
- You will evaluate borrower creditworthiness, loan structures, and collateral analysis.
Salary for the role
Source: Glassdoor
To learn more about their career opportunities for you as a professional or student, visit their career page here.
#26. BlackRock
BlackRock is one of the world’s leading providers of investment, advisory, and risk management solutions. Over the past 30 years, BlackRock has evolved from an eight-person start-up to a global company that’s trusted to manage more assets than any other investment manager. BlackRock had over $6.47 trillion in AUM as of 03/31/20.
With 70 offices in 30 countries, BlackRock manages assets for clients in North and South America, Europe, Asia, Australia, the Middle East, and Africa.
Expectations from candidates at entry-level
- You need a bachelor’s or Master’s degree in finance, economics, business, or a related field from a reputable institution.
- You need knowledge of investment principles, asset classes, and portfolio management concepts.
- You need relevant internships or work experience in finance, investment management, or a related field.
- You need professional certifications such as CFA (Chartered Financial Analyst).
Job description for entry-level
- You will conduct research and analysis on investment opportunities across asset classes.
- You will assist in building financial models, conducting valuation analysis, and preparing investment reports.
- You will stay updated on industry developments and regulatory changes.
Salary for the role
Source: Glassdoor
To explore more opportunities to work with BlackRock, visit their career page.
#27. BDT & MSD Partners
BDT & MSD Partners was established in 2023 through the combination of BDT & Company, the merchant bank to the closely held, founded in 2009 by Byron Trott, and MSD Partners, a premier investment firm that since 2009 has invested on behalf of Dell Technologies Founder Michael Dell, his family, and other like-minded investors.
BDT & MSD Partners is a merchant bank with an advisory and investment platform built to serve the distinct needs of business owners and strategic, long-term investors.
They are distinguished by their decades of experience advising at the intersection of founders, families, and businesses, as well as by their differentiated capital base and culture of aligned investing. Since 2010, their affiliated funds have deployed more than $50 billion across our investment strategies.
Expectations from candidates at entry-level
- You need a bachelor’s degree in finance, economics, business, or a related field from a reputable institution.
- You need a strong academic record, with coursework in finance, accounting, and investment analysis.
- You need knowledge of financial modeling and analysis techniques.
- You need to be familiar with valuation methods and financial statement analysis.
Job description for entry-level
- You will assist in conducting research and due diligence on potential investment opportunities.
- You will build financial models, perform valuation analysis, and prepare investment memos.
- You will support senior team members in evaluating investment risks and opportunities.
Salary for the role
Source: Glassdoor
#28. Veritas Capital
Veritas Capital is a private investment firm with over two decades of experience that has completed more than 100 acquisitions.
They invest in companies that provide critical products and services, primarily technology or technology-enabled solutions, to government and commercial customers worldwide.
They are proud stewards of national assets, helping to improve the quality of healthcare while reducing costs, advancing the educational system, and protecting the nation and its allies.
Expectations from candidates at entry-level
- You need a bachelor’s degree in finance, business, economics, or a related field.
- You need strong analytical skills and proficiency in financial modeling, valuation techniques, and Excel.
- You need to have effective written and verbal communication skills, including the ability to prepare clear and concise reports and presentations.
- You need to have an understanding of investment principles, markets, and industry trends, particularly in the defense, aerospace, government, or healthcare sectors.
- You need excellent analytical and quantitative skills, with the ability to gather, analyze, and interpret data.
Job description for entry-level
- You will play a crucial role in supporting our investment team in analyzing potential investment opportunities and assessing the financial performance of portfolio companies.
- You will conduct financial modeling, perform due diligence, and prepare investment memos.
- You will collaborate with senior analysts and associates to evaluate market trends, competitive landscapes, and industry dynamics.
- You will assist in monitoring the financial performance of portfolio companies and identifying potential areas for improvement.
Salary for the role
Source: Glassdoor
#29. Thoma bravo
Thoma Bravo is one of the largest software investors in the world, with a 40+ year history and over $127 billion in assets under management as of March 31, 2023.
Through private equity, growth equity, and credit strategies, the firm invests in growth-oriented, innovative companies operating in the software and technology sectors.
They pioneered the buy-and-build investment strategy and first applied this strategy to the software and technology industries 20+ years ago.
Since then, the firm has acquired or invested in more than 440 software and technology companies, representing over $250 billion in value.
Expectations from candidates at entry-level
- You need to have a bachelor’s degree in finance, accounting, economics, or a related field.
- You need strong analytical skills and proficiency in financial modeling and valuation techniques.
- You need excellent quantitative and qualitative research ability, and a keen attention to detail.
- You need to be familiar with industry research tools and databases and have the ability to gather and analyze market data effectively.
Job description for entry-level
- You will be assisting senior team members in all aspects of the investment process, including deal sourcing, due diligence, and financial analysis.
- You will be conducting thorough research and analysis on target companies, evaluating their financial performance, market positioning, and growth prospects.
- You will be supporting the execution of investment transactions, including acquisitions, divestitures, and restructuring activities.
Salary for the role
Source: Glassdoor
Interested in a career at Thoma Bravo? For job inquiries, please email your resume and cover letter to careers@thomabravo.com.
#30. PSG Equity
PSG equity partners with software companies that are ready to step on the accelerator, as they’ve reached an inflection point through demonstrated product-market fit, rapid organic growth, and customer focus.
Expectations from candidates at entry-level
At PSG Equity, the expectations from you at the entry-level are as follows:
- Bachelor’s degree in finance, economics, business, or a related field.
- Strong academic background with coursework in finance, accounting, and investment principles.
- Knowledge of financial analysis, modeling, and valuation techniques.
Job description for entry-level
As an entry-level professional at PSG Equity as a data analyst, you will be responsible for:
- Conduct research and due diligence on potential investment opportunities.
- Assist in financial analysis, modeling, and valuation of target companies.
- Prepare investment memos and presentations for internal and external stakeholders.
- Monitor and analyze industry trends, competitive landscapes, and market conditions.
- Assist in the preparation of investment proposals and recommendations.
Salary for the role
Source: Glassdoor
Find open roles at PSG and their portfolio companies, listed by function and location, on their career page.
In the next section, we’ll go a notch higher and have a look at the global names in the private equity world.
Top 30 Private Equity Firms in The World
Sometimes, it’s important that you set your vision far and cast your nets wide when entering a competitive industry like PE.
That’s why in this section, I’m going to cover the top global PE firms that you can target to work with once you’re through with this guide.
For your reference, below is the list of the top 30 private equity firms in the world, including New York and San Francisco.
| Rank | Fund Manager Name | City | Amount Raised ($m) |
| 1 | Blackstone | New York | 125,612 |
| 2 | KKR | New York | 103,713 |
| 3 | EQT | Stockholm | 101,660 |
| 4 | Thoma Bravo | Chicago | 74,093 |
| 5 | The Carlyle Group | Washington DC | 69,681 |
| 6 | TPG | Fort Worth | 54,965 |
| 7 | Advent International | Boston | 52,939 |
| 8 | Hg | London | 51,046 |
| 9 | General Atlantic | New York | 48,696 |
| 10 | Warburg Pincus | New York | 48,534 |
| 11 | Silver Lake | Menlo Park | 48,280 |
| 12 | Goldman Sachs | New York | 45,358 |
| 13 | Bain Capital | Boston | 44,347 |
| 14 | Clearlake Capital Group | Santa Monica | 43,967 |
| 15 | CVC Capital Partners | Luxembourg | 41,750 |
| 16 | Vista Equity Partners | Austin | 41,500 |
| 17 | Clayton, Dubilier & Rice | New York | 41,082 |
| 18 | Hellman & Friedman | San Francisco | 40,925 |
| 19 | Insight Partners | New York | 40,166 |
| 20 | Leonard Green & Partners | Los Angeles | 39,645 |
| 21 | Permira Advisers | London | 34,801 |
| 22 | Cinven | London | 32,722 |
| 23 | Brookfield Asset Management | Toronto | 31,230 |
| 24 | Nordic Capital | Saint Helier | 31,050 |
| 25 | Genstar Capital | San Francisco | 29,920 |
| 26 | Francisco Partners | San Francisco | 28,341 |
| 27 | Tiger Global Management | New York | 28,292 |
| 28 | Blue Owl Capital | New York | 27,156 |
| 29 | Partners Group | Zug | 26,683 |
| 30 | Ares Management | Los Angeles | 26,587 |
Top Paying Private Equity Firms
PE firms pay extremely well, and compensation at the top of the market is only growing.
In this section, I’ll highlight some of the top paying private equity firms that you may find interesting to work with. Let’s get started.
Source: Glassdoor
In the above sections, we covered some of the top-best PE firms both in the United States and globally. It’s my sincere hope that you’ve seen one that you like and would like to work with once you kick-start your career.
In the next section, I’ll take you through what it takes to get into private equity. Let’s see what’s in store for you.
How to Get into Private Equity?
Getting into private equity requires a combination of education, experience, networking, and a strong skill set. Here are the key steps to help you navigate your path into the industry:
A. Academic qualifications for a career in private equity
Private equity is a competitive field that demands a unique set of qualifications. While there’s no one-size-fits-all approach, certain educational backgrounds and training can give you a significant advantage.
Here are some of the qualifications major PE firms look for when hiring.
#1. Strong educational background
You need a solid foundation in finance, accounting, or business, which is often preferred for a career in private equity. Pursuing an undergraduate degree in these fields at top colleges and finance schools can provide you with a strong starting point.
#2. Advanced degree
While not always mandatory, an advanced degree such as an MBA or a master’s in finance can significantly enhance your qualifications and increase your competitiveness in the industry.
#3. Financial acumen
Having a deep understanding of financial concepts and the ability to analyze complex financial data are essential. Additionally, your proficiency in financial modeling, valuation techniques, and cash flow analysis will be highly valued in private equity roles.
#4. Experience through internships or entry-level positions
While having a strong educational background is important, hands-on experience is equally valuable in private equity.
Gaining practical experience in related fields like investment banking, consulting, or financial analysis is highly valued.
Internships or entry-level positions allow you to apply your knowledge in real-world scenarios, gain exposure to industry practices, and develop practical skills.
Working at reputable firms provides valuable networking opportunities and can help you establish credibility in the field.
So, which firms offer PE internships to undergraduates? Nearly all the large private equity firms offer some form of internship to undergraduates.
They include:
- KKR
- Blackstone
- Ares
- Silver Lake
- Carlyle
- TPG
- Apollo
Most of these firms are mentioned in the detailed guide above, so if you’re still an undergraduate or looking forward to starting an internship, be sure to check them out.
#5. Continual learning and staying up-to-date
As a private equity professional, you need to invest in your own growth and development to remain at the forefront of the industry.
This involves actively seeking opportunities for professional development, such as attending seminars, workshops, and conferences, as well as pursuing certifications relevant to private equity.
Staying updated with industry trends and best practices ensures that you can make informed decisions, adapt to changing market conditions, and demonstrate your commitment to excellence.
B. Analytical skills and personality traits needed
The private equity industry is driven by data and analysis. Developing exceptional analytical skills is non-negotiable.
You’ll need to possess a keen eye for detail, proficiency in financial modeling, and the ability to identify and evaluate potential investment opportunities.
Mastery of concepts like cash flow analysis, market research, and risk assessment will empower you to make informed decisions that drive successful investments.
On top of that, cultivating a growth mindset, an insatiable curiosity, and an appetite for continuous learning will keep you at the forefront of the industry’s ever-evolving landscape.
Let’s discuss this in more detail below:
#1. Analytical skills
As a private equity professional, you need strong analytical skills to evaluate investment opportunities, conduct due diligence, and assess risk. Attention to detail, critical thinking abilities, and the capability to interpret and analyze data are crucial.
#2. Communication and interpersonal skills
Effective communication skills are vital in private equity. As a professional, you must interact with various stakeholders, negotiate deals, and build relationships. Strong interpersonal skills, including collaborating and working in teams, are highly valued.
#3. Strong business judgment
You need to possess excellent business judgment and decision-making abilities. This will allow you to assess market trends, identify potential investment opportunities, and make strategic investment decisions.
#4. Resilience and adaptability
The private equity industry can be demanding and fast-paced. Demonstrating resilience, the ability to handle high-pressure situations, and adapting to changing circumstances are crucial for your success.
#5. Ethical standards
Upholding high ethical standards are essential in private equity. As a professional in this industry, you need to be able to handle sensitive information and have fiduciary responsibilities toward investors. That means demonstrating integrity, trustworthiness, and ethical conduct is critical.
#6. Continuous learning
The private equity landscape is constantly evolving. Demonstrating your commitment to lifelong learning, staying updated with industry trends, and pursuing professional development opportunities showcases your dedication to personal growth and improvement.
Building a Career Path in Private Equity
Private equity jobs offer exciting opportunities for those interested in finance and investment. Here’s a breakdown of what private equity jobs involve and the entry-level positions available:
A. What do private equity jobs involve?
Private equity professionals play a crucial role in evaluating and managing investments in privately held companies. Here, your responsibilities will typically include:
#1. Deal sourcing and analysis
Identifying potential investment opportunities through extensive research, networking, and industry analysis. Additionally, evaluate companies based on their financial performance, growth prospects, competitive landscape, and market trends.
#2. Due diligence
Conducting thorough due diligence on target companies, which involves financial analysis, assessing risks, scrutinizing legal and operational aspects, and evaluating potential synergies or value creation opportunities.
#3. Financial modeling and valuation
Building complex financial models to analyze investment returns, assess cash flows, calculate valuation metrics, and project financial performance. This helps in making informed investment decisions and negotiating deals.
#4. Deal structuring and negotiation
Collaborating with legal and financial teams to structure deals, negotiate terms, and finalize investment agreements. This requires strong negotiation skills and a deep understanding of legal and contractual aspects.
#5. Portfolio management
Once investments are made, private equity professionals actively manage and support portfolio companies. They provide strategic guidance, monitor performance, implement operational improvements, and work towards maximizing returns on investments.
B. Entry-level positions available in PE firms
In this section, we’ll take some of the low hanging fruits you can take to make an entry into PE.
#1. Analyst
Entry-level positions in private equity often start with the role of an analyst. Analysts support the deal team by conducting research, financial analysis, and due diligence. They assist in building financial models, preparing investment memos, and supporting deal execution.
#2. Associate
Associates typically have a few years of experience and work closely with senior professionals in sourcing and evaluating investment opportunities. They play a more active role in deal execution, due diligence, financial modeling, and building relationships with external stakeholders.
#3. Research assistant
Some private equity firms hire research assistants to focus on market research, industry analysis, and identifying potential investment targets. Research assistants provide valuable insights and support the deal team’s sourcing efforts.
It’s important to note that the structure and job titles may vary across firms. Private equity firms often have a hierarchical career progression where individuals can advance to more senior roles such as Vice President, Principal, or Partner with increasing responsibilities and leadership opportunities.
Below is a typical representation of hierarchical career progression.
The roles and responsibilities are somewhat rigid and defined from top to bottom.
For example, the senior professionals at MD and VP levels would handle managing relations and taking investment decisions, whereas the juniors would be mostly carrying out the analytical work.
In short, PE firms do not have many layers of hierarchy as they are usually smaller than investment banks.
The advantage of this is that it gives a tremendous opportunity for new joiners to work and learn through direct interaction with the seasoned professionals within the firm.
Tips on How to Get Started in Private Equity
In this section, I have compiled some additional guidelines and tips that will increase your chances of getting an interview call from a Private Equity firm.
If you want to learn about them in detail, I highly encourage you to follow this article: on Private Equity Careers: The Ultimate Guide for Private Equity Jobs.
The fact is that it is very rare that individuals are taken in as Associates immediately after graduation.
This is mainly because most equity firms are small and do not have the manpower or bandwidth to train newbies within the firm.
That’s why most students who graduate from Ivy League colleges and reputed universities are always seeking an internship or training program opportunity with big and established equity firms like Blackstone or Goldman Sachs.
As the smaller private equity firms are always in need of people to work, they are willing to adjust their requirements to fill these vacancies.
This presents a golden opportunity to those candidates who have the required degree but are not from the A schools.
However, navigating the private equity industry goes beyond just external strategies. It’s also crucial to align your Inner GPS – inner compass and determine whether you’re ready to abandon the status quo and pursue the opportunities that the world brings your way. That’s where Inner GPS Career Coaching can truly make a difference.
Inner GPS Career Coaching is a transformative approach designed to help you gain clarity, tap into your true potential, and navigate your career journey with confidence.
Through personalized coaching sessions, you’ll explore your passions, values, and aspirations, allowing you to make informed decisions aligned with your authentic self.
By working with Inner GPS Career Coaching, you’ll uncover hidden talents, identify limiting beliefs, and develop a roadmap that aligns with your personal and professional goals. This introspective journey will empower you to embrace the opportunities that the private equity industry offers and build your own business empire.
Remember, it’s not just about being hired; it’s about creating a life and career that you’re truly passionate about.
Inner GPS Career Coaching will guide you in unlocking your inner potential, discovering your unique path, and leveraging your skills and experiences to make a meaningful impact in the private equity world.
That’s a wrap. Let’s move to the next section, where I will cover mind-blowing ideas on how to navigate this industry and build your portfolio without necessarily having to work in a typical traditional work environment, build your own business empires, and instead of being hired, turn your career to hiring others.
Work from Anywhere: Available Positions in the Private Equity Industry
The world is changing quite fast.
For example, in the past, our parents depended on employment opportunities that were tied to physical offices. Today? You can work from anywhere, exploiting multiple job opportunities and leveraging that chance to travel and explore the world.
One of the greatest advantages of the work-from-anywhere opportunities in the private equity industry is the ability to become a digital nomad.
Picture yourself working from a beachside cafe in Bali, a cozy cabin in the mountains, or a vibrant city abroad.
As a digital nomad, you have the freedom to explore new cultures, immerse yourself in different environments, and expand your horizons, all while maintaining a fulfilling and financially rewarding career.
The private equity industry is brimming with exciting work-from-anywhere opportunities that can empower you to earn a decent living (working from anywhere) while embarking on an adventurous journey as a digital nomad.
In this section, I’m going to take you through some of the opportunities within the PE industry that can allow you to work from anywhere. Let’s get started.
#1. Freelancing in private equity
You can leverage your expertise in financial analysis, due diligence, or valuation to provide specialized services to private equity firms, startups, or consulting agencies.
Become a freelance financial analyst, valuation expert, or strategic consultant, offering your services remotely to clients around the globe. With the right skills and network, you can carve out a thriving freelance career that aligns with your digital nomadic life choice.
Here are some of the freelancing sites that you can use to get those gigs in the private equity industry.
#1. Toptal
With Toptal, you can find the following job opportunities:
- Finance Experts
- Financial Analysts
- Financial Benchmarking Consultants
- Financial Forecasting Experts
- Financial Modeling Consultants
- Investment Managers
- Investment Thesis Consultants
- Investor Relations Consultants
- M&A Consultants
- Market Research Analysts
- Market Sizing Experts
#2. Upwork
Below are some of the remote work opportunities in the PE industry that you can get from Upwork.
#2. Launching a YouTube channel
Consider starting a YouTube channel focused on the private equity industry. Share your insights, experiences, and tips for success, captivating an audience hungry for knowledge.
You can create informative videos on investment strategies, due diligence processes, case studies, and interviews with industry experts.
Monetize your channel through ads, sponsorships, or even online courses, creating a revenue stream while making a positive impact in the lives of aspiring private equity professionals.
A good example is Sarah Turner, who runs a successful YouTube channel, sharing her insights on content marketing and attracting a global audience while living life on her own terms.
#3. Crafting a blog or newsletter to coach and empower others
Unleash your writing prowess and build a blog or newsletter centered around the private equity industry.
Share in-depth articles, analysis, and practical advice for individuals looking to break into the field.
Cover topics such as career tips, industry trends, investment strategies, and success stories.
Engage with your audience, answer their questions, and foster a community of like-minded individuals passionate about private equity.
Monetize your blog through advertising, sponsored content, or even offering premium content or consulting services.
Check out inspiring individuals like Chris Reynolds, who started his own remote high-performance coach, lifestyle entrepreneur, and podcaster, serving clients worldwide while traveling the globe.
The examples and illustrations above prove that it’s not just a dream but an achievable reality to work in the private equity industry from anywhere in the world.
Don’t settle for a traditional office job when the private equity industry offers exciting work-from-anywhere opportunities that empower you to earn a decent living, explore the world as a digital nomad, and make a positive impact on others.
Take action today by honing your skills, building your online presence, and connecting with the vibrant community of aspiring private equity professionals.
If you want to learn more about how to navigate through this industry, I’ve prepared the following guide that can get you started. I highly encourage you to read it and follow the actionable steps.
That’s it; you’re now ready to pursue any career in PE on your own terms.
How to Make a Career in Top Private Equity Firms: Frequently Asked Questions
#1. Is it hard to get into private equity?
Entering the private equity industry can be challenging due to the high competition and specific qualifications required. However, with the right education, experience, and networking, it is possible to break into this rewarding field.
#2. How can I get into private equity with no experience?
While experience is valuable, you can still enter private equity without prior experience. Consider gaining relevant experience through internships, entry-level roles, or freelance projects in finance, investment banking, or related fields. Networking and showcasing your skills through a strong resume and cover letter can also help.
#3. What does a good private equity resume look like?
A good private equity resume should highlight your relevant education, experience, and skills. Include details about deal experience, financial modeling, due diligence, and valuation skills. Showcase your achievements, academic performance, and any industry certifications. Tailor your resume to each firm’s requirements and use concise, action-oriented language.
#4. When does recruiting in PE begin?
Recruiting in private equity typically starts early, often in the fall or winter of the preceding year. It’s common for firms to follow structured recruiting timelines, so it’s important to stay informed and be proactive in preparing your applications.
#5. Who are the private equity headhunters?
Private equity headhunters are recruitment firms or professionals specializing in identifying and connecting talent with private equity firms. They help match candidates with suitable positions and assist firms in finding top talent. Examples of private equity headhunters include Heidrick & Struggles, Korn Ferry, and Spencer Stuart.
#6. How are private equity bonuses calculated?
Private equity bonuses are typically based on a combination of factors such as the firm’s performance, individual performance, and the size and success of investment deals. These bonuses are often structured as a percentage of the carried interest or profits generated from investments.
#7. Do you need a CFA for private equity?
While a Chartered Financial Analyst (CFA) designation is highly regarded in the finance industry, it is not a strict requirement for a career in private equity. However, having a CFA can demonstrate a strong understanding of finance and may enhance your credentials and competitiveness in the field. Other qualifications and experience are also valued in private equity roles.
Final Thoughts: Is Private Equity Right for Me?
Building a career at top private equity firms requires dedication, perseverance, and a strategic approach. While the industry is competitive, it offers immense opportunities for growth and success.
Here are some final thoughts to help you determine if private equity is the right fit for you:
- Passion for finance and investments
- Long-term mindset
Here are some of the key steps to building a successful career in private equity:
#1. Education and experience
- Pursue degrees in finance, economics, or related fields.
- Gain practical experience through internships or entry-level positions.
- Highlight your skills, achievements, and industry knowledge on your resume.
#2. Networking
- Build connections and relationships with professionals in the private equity industry.
- Stay informed about recruiting timelines.
- Engage with private equity headhunters to discover suitable positions.
#3. Continuous learning
- Embrace a mindset of continuous learning.
- Stay updated with industry trends and developments.
- Be adaptable and open to growth in the ever-evolving field of private equity.
By following these steps, you can position yourself for success and make your mark in the competitive world of private equity.
Remember, your journey in private equity is not just about being hired; it’s about creating a fulfilling and impactful career. With the right mindset, qualifications, and perseverance, you can pave your way to success in the rewarding world of private equity.
All the best.
