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re: Interview tips for a Private Equity internship
Posted on 9/3/15 at 10:17 am to AUtigR24
Posted on 9/3/15 at 10:17 am to AUtigR24
quote:
1. Dress to impress. Khakis and a button down will not get you remembered. If you feel a suite is overkill at least wear a blazer and tie.
Wear a suit. this isn't even an option.
2
Posted on 9/3/15 at 10:19 am to Hermit Crab
Is this an O&G PE firm?
Posted on 9/3/15 at 10:28 am to Hermit Crab
quote:
Wear a suit. this isn't even an option.
This. I can't believe folks think about doing otherwise.
Posted on 9/3/15 at 10:46 am to lynxcat
yeah that just looks like a list of generic interview tips
Posted on 9/3/15 at 12:59 pm to lynxcat
quote:
Corporate strategy; I would rather not give out too many more details
That's fine. We are always on the lookout for controllers/CFO types with strong accounting chops to serve as interim management in our turnarounds.
Posted on 9/3/15 at 1:26 pm to Statsattack
quote:
The trend I am seeing is your "typical PE firm" only has investors best interest in mind and mainly looks at improving business by cutting cost and improving sales. What I am seeing is the amount of buyers in the market outweigh is much greater than companies with potential value.
Just seems that many firms don't focus on improving value and operations ( investors playing puppet master) which is what improves the selling price.
I'm not sure I follow. By "investors" do you mean the funds' LPs, or do you mean the GP? If the former, I really don't understand the effect you are attempting to highlight.
Posted on 9/3/15 at 1:40 pm to CajunAlum Tiger Fan
quote:
CajunAlum Tiger Fan
Shoot me an email boom_td@yahoo.com
Posted on 9/3/15 at 4:23 pm to CajunAlum Tiger Fan
Let me know when you need one in Lafayette
Posted on 9/3/15 at 4:45 pm to CajunAlum Tiger Fan
quote:
That's fine. We are always on the lookout for controllers/CFO types with strong accounting chops to serve as interim management in our turnarounds.
Good to know. I am eligible to sit for the CPA exam, but no practical experience in an audit-type role. I am probably 10+ years out before I would even be in a position to be considered for that sort of position.
This post was edited on 9/3/15 at 4:46 pm
Posted on 9/3/15 at 6:15 pm to euphemus
Update: Phone interview went well. They called me in for an in-person interview next week.
I had researched the hell out of their firm. I guess he was surprised about how much I already knew about their business.
I also did the Private Equity training at this link, including the case at the end. I found this to be a very good resource - StreetofWalls - PE training
I had researched the hell out of their firm. I guess he was surprised about how much I already knew about their business.
I also did the Private Equity training at this link, including the case at the end. I found this to be a very good resource - StreetofWalls - PE training
Posted on 9/3/15 at 6:20 pm to euphemus
Training the street is what everyone uses (top consulting, IB, and I think PE). Good to know there is another solid resource available
Posted on 9/3/15 at 6:21 pm to euphemus
Anyone familiar with transactional/i-banking at b4?
Posted on 9/3/15 at 6:29 pm to Louie T
Loosely, what do you want to know?
Due diligence typically involves about 2 weeks of working 80-100 hour weeks.
B4 does tons of IB but for smaller deals than the bulge brackets. My old firm loved to quote # of deals annually because it was 1 or 2 in the world by that metric.
Due diligence typically involves about 2 weeks of working 80-100 hour weeks.
B4 does tons of IB but for smaller deals than the bulge brackets. My old firm loved to quote # of deals annually because it was 1 or 2 in the world by that metric.
Posted on 9/3/15 at 6:39 pm to lynxcat
quote:Jives with what I've heard
B4 does tons of IB but for smaller deals than the bulge brackets. My old firm loved to quote # of deals annually because it was 1 or 2 in the world by that metric.
Majored in accounting & now work in acct for a large corp, but it's not exactly where I want my career to trend. How hard is it to break into those groups coming from a non-target finance school without a finance background? Good GPA & will have CPA but I know how little that means in finance world. I've read they give preference to people moving from audit to advisory. Just wondering if that background makes my chances of landing a fin gig slim or closer to none.
Posted on 9/3/15 at 6:53 pm to lynxcat
quote:
Training the street is what everyone uses (top consulting, IB, and I think PE)
My school is good about bringing TTS on campus for training. I have already done a couple of those. They were great.
Posted on 9/3/15 at 8:14 pm to Statsattack
I want to become a business broker/ intermediary/ M&A in order to get commissions on finders fees for connecting businesses with PE groups. I realize in some states you even need a real estate license in order to receive commissions.
I have already started to present PE to corporations and set up meetings. There seems to be strict rules on non licensed brokers in some states or firms compared to others.
I want to start my own intermediary broker agency. What's the best way to get started on as a certified broker or M&A advisor. I see IBBA has a program but do they certify you?
I have already started to present PE to corporations and set up meetings. There seems to be strict rules on non licensed brokers in some states or firms compared to others.
I want to start my own intermediary broker agency. What's the best way to get started on as a certified broker or M&A advisor. I see IBBA has a program but do they certify you?
This post was edited on 9/3/15 at 8:38 pm
Posted on 9/3/15 at 9:35 pm to TOKEN
I don't understand your angle or role you are trying to fill. Most decent businesses in the right revenue ranges are already on PE radar and have been approached, especially with the tremendous amount of undeployed capital in existing funds. Seems like you should be looking for the hidden gems and bringing them to PE instead of bringing PE to businesses.
Posted on 9/3/15 at 11:46 pm to CajunAlum Tiger Fan
Exactly it's about the hidden gems. You have to find out on both ends though what both are looking for to avoid wood.
Usually it's about going to PE first because they have to give the go ahead because they may have already approached or this isn't a market segment they are interested in. Sometimes I like to try and find out as much about these companies before hand. I might have to sit in front of mid-level to upper management including CEOs and ask if he's interested and what's going on with their business. I'm good at getting info and love this line of business.
My point is in some states & w/ some companies I can't get a commission based on rules about being certified business broker / real estate agent. I mean it gets ridiculous with the SEC. Then other companies just use me as connector and give me the scale. Most PE have their portfolios and strategies on websites with areas they are searching for add ons.
Usually it's about going to PE first because they have to give the go ahead because they may have already approached or this isn't a market segment they are interested in. Sometimes I like to try and find out as much about these companies before hand. I might have to sit in front of mid-level to upper management including CEOs and ask if he's interested and what's going on with their business. I'm good at getting info and love this line of business.
My point is in some states & w/ some companies I can't get a commission based on rules about being certified business broker / real estate agent. I mean it gets ridiculous with the SEC. Then other companies just use me as connector and give me the scale. Most PE have their portfolios and strategies on websites with areas they are searching for add ons.
This post was edited on 9/3/15 at 11:53 pm
Posted on 9/4/15 at 6:36 pm to euphemus
quote:
I found this to be a very good resource
Glad to hear it.
Posted on 9/4/15 at 8:15 pm to Big Scrub TX
quote:
I'm not sure I follow. By "investors" do you mean the funds' LPs, or do you mean the GP? If the former, I really don't understand the effect you are attempting to highlight.
Yeah, not sure what that meant.
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