Private Equity recruitment is the process by which Private Equity Firms attract, shortlist, select and appoint suitable candidates for roles within their organisation.
The brutal reality is that PE is a highly sought after field, and firms tend to hire from a very narrow pool of candidates with exactly the right career background.
This article explores what kind of professionals Private Equity firms tend to hire, as well as how the PE recruitment process works, so you can maximize your chances of success.
The brutal truth is that most PE firms hire from a very narrow talent pool. Overwhelmingly, the recruit:
It is possible to get in if you’re not in one of these categories, but it is not probable. See our article on How To Get Into Private Equity for more detail about the options.
Private Equity Firms use both on-cycle and off-cycle recruitment processes to source new employees; they differ in timing, steps, interviews, and hiring criteria.
The on-cycle recruitment process refers to a system where the top PE firms headhunt recently-hired Investment Banking Analysts at bulge-bracket and elite-boutique banks in New York within a few months of their start date in their banking role.
Crazy? Probably. Check out this On-Cycle Recruitment Case Study to get a sense of how the on-cycle recruitment process plays out in real life.
The off-cycle recruitment process applies to every other type of Private Equity recruitment:
In the off-cycle process, you will usually start working immediately after winning the offer, which makes a lot more sense than waiting for 1.5 – 2.0 years.
Other characteristics of the off-cycle process include:
Private Equity is a highly-competitive and sought-after field. PE firms tend to be relatively small, tight-knit and full of extremely smart and highly motivated people.
Prior to preparing for the PE recruitment process, it’s worth learning more about what a Career In Private Equity is like.
Once you understand what you’re getting into, the next step is to prepare thoroughly for interviews. As a minimum, you should:
Chances to get hired by a Private Equity firm don’t come along every day: ensuring solid knowledge of these fundamentals will ensure you’re in the strongest possible position to land a job in the industry.