Private Equity Interviews - Detailed Guide, Example Case Studies + MoreFor those interested in a career in finance, private equity offers many rewards—but breaking in comes with many challenges. The earnings are high, the work is intellectually challenging, and the lifestyle's relatively stable, but finding work in private equity can be tough. The field is relatively small, and there's a lot of competition for few job openings. Private equity firms can hold out to choose the absolute best applicants, and even if you're highly qualified, it can be difficult to hear about openings because private equity firms are secretive and jobs are often unadvertised. Even more important is the emphasis placed on finding good personality fits for each firm's culture. All of this favors job-seekers who do thorough research and possess excellent networking and interviewing skills.
Billionaire Leon Black: Investment Strategy for Private Equity
Vault Career Guide to Private Equity, Third Edition
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Hedge fund interviews are much less structured than other financial services interviews, such as investment banking, management consulting, etc. These interviews are typically behavioral. The first few rounds are meant to weed out most of the personalities and backgrounds that do not fit the firms. This cannot be stressed enough. One one-page case study and two full-blown case studies are provided below, but every situation is different. You will need to see multile case studies, which we will review further in chapters to come. Generally, hedge fund technical questions are the same questions investment bankers receive but tend to be a bit more accounting focused.
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David Rubenstein: How To Raise Funds, The Future of Private Equity and Career Advice (2019)
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