A career in private equity can be lucrative both in terms of emolument as well as wangling experience. In order to be successful in the field of private equity, we need to familiarise things in such a way that everything will be run in a systematic way, like the cream group of people will build the strategy, some will drive the resourceful tasks and others will merchandise the new products, so that the entire process is carried out successfully and effortlessly.
We need to have strong will and patience to continue with a career in private equity. Actually not only in case of a career in private equity, if you intend to reach a height in your career then you ought to be patient enough to give it some time.
Preferred educational qualifications and experiences for a private equity executive :
When you aspire to set a career in private equity, then going through the following details is going to help you to reach your goals –
Your basic educational qualification must be graduation or post-graduation.
You should have Finance, Accountancy, Statistics, Economics or Mathematics as a major while pursuing a degree course.
Fresh graduates or postgraduates are hardly considered by the equity firms during their private equity executive search. The most important sought after factor to be shortlisted for the equity firms is experience. At least 2-3 years of experience working as an investment consultant can own you the position of an executive in an equity company.
A fresh graduate having done internship in an equity firm or banking sector will also be considered eligible for a position in a private equity company.
If you are out of Harvard or Stanford business schools then experience won’t be indispensable.
Owing to the similarity of skills needed to be in the fields of banking and private equity, fair experience in the banking sector will also count while applying for private equity executive.
A candidate with a certificate in Financial Management is also in demand for a position in the private equity company.
In a nutshell it can be said that patience, persistence and a clear idea about a financial institution can get you moving in this sector. When you move forward, your salary and incentives take a leap too.
Skills to become successful as an equity executive :
Most successful people in the equity firms have some key skills in them that have made them reach the pinnacle of their career.
You need to be judicious enough to continue working in the field of private equity.
Solid business analytical skills to evaluate the potentialities of portfolio companies and stay on the top.
Strong communication skills is what an equity executive must possess to work in a team. A good interaction with fellow colleagues, other financial experts from outside or with the people from the portfolio companies can act as a prelude to attain prosperity.
Negotiation skills and networking skills are mandatory too for surviving in an equity company.
Responsibility of an equity executive :
As an equity executive, one needs to perform the tasks like providing necessary analytics to the partners of the company, monitoring the portfolio companies closely, maintaining an alliance with the clients and last but not the least, reviewing Confidential Information Memorandums or CIMs.
In the case of a private equity executive search, the successful execution of all the above tasks are expected out of an equity executive so that the company remains in an advantageous position and keeps earning high returns.
At the cessation of this article it can be asserted that the career in private equity can be gratifying as well as challenging. So, you can definitely try your luck into this field. The equity executives can earn monetary benefits themselves as well as draw complacency by guiding the portfolio companies to earn high profit margins.
Success is bound to come to you in this precinct if you have that quality, zeal and tenacity in you to keep going. Equity firms provide an individual with enough opportunity to earn spondulicks along with experience. That’s why it aids in deriving personal and professional gratification. In the current scenario, private equity is one of the most booming spheres to work in.