getting a job in private equity

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

http://www.evisors.com/webinars/webinar/60



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




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?

1

2

3

4





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

1





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

a

b

c

2





Source: PitchBook

a What is PE: Raise capital





What is PE: Make investments

Source: PitchBook

b





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

a

b

c

3

d




How do I get a private equity job?

• Researching the industry

• What firms are looking for

• Choosing your firm

• Recruiting

• Interviewing

a

b

c

4

d

e




Getting a Job: Research

• Newspaper

• Investing books

• Industry newsletters (e.g. Dealbook, Dan Primack, PE HUB)

• Vault guide

a

Reading Communication

• Evisors

• School alumni

• LinkedIn

• Local organizations




Getting a Job: What firms are looking for

• Experience: Relevant

• Attitude: Curious

• Work: Diligent

• Thought: Creative

• Communication: Articulate

b




Getting a Job: Choosing your firmc



http://www.vss.com/index.asp

http://www.elementpartners.com/index.html


Getting a Job: Recruiting process

• Application

• Cover Letter

• Resume

• Follow Up

d




Getting a Job: Interviewing

• Resume walk

• Why this job

• Why this firm

• Technicals

e




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?




Questions & Answers

Question 3:

Can you transition from a management to a finance professional?




Questions & Answers

Question 4:

Is private equity still a favourable field to start your career?




Questions & Answers

Question 5:

How can a candidate ruin an interview?




Thanks for Joining!

Follow up with Evan in a private session at www.evisors.com/expert/1266

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http://www.evisors.com/expert/1266

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