Given how competitive recruiting can be, it’s important understand what good interests are to include on your private equity resume. It’s a small, often overlooked part of the resume, but absolutely has the potential to get you over the edge…
Breaking into private equity without any investment banking experience can be a challenging task. But, while investment banking might be the traditional pathway to a private equity career, it’s definitely not the only way to get there. Try Management Consulting…
It’s always tricky to know what questions to ask in a private equity interview if you’ve never actually had any private equity experience before. You want to look like you’re excited about the opportunity, but also don’t want to come…
If you’re just getting your first exposure to the world of private equity, you might have come across the term “turn” and wondered what it means. Simply put, a turn refers to a company’s EBITDA in relation to a multiple.…
What’s the deal with unitranche loans and why does private equity like them so much? Private equity is constantly on the look for innovative financing solutions to make their lives easier and eek out a couple more basis points of…
Why would you want to work in middle market private equity vs. megafund private equity? It’s a classic question that you’ll need to think through as you head into private equity recruiting. The answer is really a personal choice, and…
People frequently talk about making the move from private equity to the public markets, but there just aren’t as many resources on the reverse: how to get into private equity from a hedge fund. Private equity generally takes a longer-term…
Choosing what to wear to a private equity interview is usually one of the last steps of your prep process. Unfortunately, it’s also one of the more important. As with any professional interview, your appearance is critical in forming first…
The ‘Walk me through an LBO’ interview question is a standard part of private equity and investment banking recruiting. It’s used for early screening, to make sure you have a baseline level of knowledge to advance past the first round.…
The ‘Why Private Equity’ interview question is a right of passage for anyone prepping for private equity recruiting. While it’s a check-the-box question, there are still good answers and bad answers. And, if your answer is particularly bad, you could…
It’s no longer the case that the only way into private equity is after a two-year stint in investment banking. Private equity internships and analyst programs have opened the door for earlier transitions to the buy-side. Depending on the firm,…
Private equity firms complete LBOs across a huge array of industries, geographies, and business models. But, even with all that variation, there are a few core items that differentiate good LBO candidates. We’ve broken down the key points below, which…
We’ll cover the basics of LBO models so you’re ready for your first LBO modeling test. It’s a certainty in any private equity recruiting process, so the sooner you’re prepared, the better. This LBO will be a relatively simple model,…
Private equity interview preparation is a right of passage for first-year investment banking analysts. The launch of private equity associate recruiting begins early in the first year of analyst programs. It’s what can best be described as orderly chaos, with…
The private equity recruiting process is a mess. It’s probably one of strangest ways to hire top talent than any industry has thought up. But, unfortunately, if you’re interested in private equity you have no choice but to partake. In…
There are some private equity interview questions that you’re almost certain to get asked. Practicing case studies and LBO model tests is critical, but you also make sure you cover your bases on high-likelihood questions. Here we’ll cover the key…
Private equity analyst programs have become increasingly popular in recent years. Firms see it as a way to get a jump on the intense competition for top talent, while the top talent sees it as an opportunity to head straight…
It’s no secret that private equity professionals are well compensated, but what kind of numbers are we actually talking about? The industry is secretive and values confidentiality, so it’s often difficult to get good data. In this article we’ll break…
Private equity is one of the most competitive fields to enter, requiring candidates follow a specific pathway and execute flawlessly along the way. If you’re interested in a career in private equity, you can’t begin preparations soon enough. But if…
The paper LBO is a dreaded part of the private equity recruiting process. It’s also unfortunately one of the most common interview questions you’ll receive. But don’t worry, once you practice a few of them you’ll be cranking out LBOs…
An analysis at various prices, or AVP, is a schedule outlining implied valuation multiples across a range of purchase prices. It’s used in investment banking and private equity to help think through company valuation and purchase price, both on the…
At its simplest, a board observer is someone who is allowed to attend and participate in board meetings, but unable to vote on board decisions. They’re not a full Director, or member of the board, but they do go to…
Private equity recruiting is an incredibly stressful ordeal. To help make things a little easier, here’s a curated list of headhunter coverage, including Henkel Search Partners, CPI, Ratio Advisors, Amity Search Partners, Dynamics Search Partners, CarterPierce, Gold Coast Search Partners,…
