| Private equity is a difficult industry to enter, as many | | | | different careers at a firm, current trends in the |
| graduates of top-tier business schools are drawn by | | | | industry and anything else that will help prepare you |
| the high pay and challenging work environment. With | | | | to be a productive employee of a buyout or venture |
| so many qualified applicants, buyout firms face a | | | | capital firm. Some programs draw on industry experts |
| tough decision selecting a candidate. Firms will look for | | | | and leaders from top firms to give participants a real |
| what separates one applicant from another. This | | | | sense of what it is like to work at a firm. Additionally, |
| means that in a close hiring decision, any extra | | | | many programs provide career coaching including how |
| qualification such as a private equity training program | | | | to prepare a resume, how to approach a firm and |
| could make the difference in working at a buyout | | | | what private equity firms are looking for when hiring. |
| firm or having to settle for a less desired career. | | | | All of this is directed at making you a more prepared |
| Few business schools offer much in the way of PE | | | | and attractive prospect for a firm. |
| training except financial modeling and the general | | | | What Program is Right For You |
| tools you need to analyze and execute a deal. Many | | | | Other programs focus less on the career preparation |
| graduates leave school feeling unprepared for a job in | | | | aspect and more on simply improving professionals |
| PE. This forces these professionals to work in a less | | | | working in the industry. These programs are geared |
| desired and often less interesting field to gain | | | | toward PE firms that want to improve their staff and |
| experience before applying to a buyout firm. While | | | | keep them current on the latest trends in the |
| this is a typical route, a PE training program may help | | | | industry. This could be overwhelming for someone |
| you bypass this stop on the road to a career in this | | | | new to the industry though. On the other hand, a |
| industry. | | | | current private equity professional may not need the |
| What Training Programs Offer | | | | training offered in a introductory and career-based |
| Training programs vary but most provide participants | | | | program. So, choose the program that best fits your |
| with a background in the industry, the knowledge of | | | | needs and gives you the most value. |
| how deals are initiated and completed, what are the | | | | |