I have scoured the forums for details and insights on Berkshire Partners but haven't got much. Does anyone work there or have experience of interviewing with them? Would appreciate any info on what they typically look for in candidates - incl. interview process for former consultants? Thanks!
Trending Content - Private Equity Forum
Career Resources
Berkshire is a top fund, one of the best that hires former consultants IMO. Top quartile returns, virtually no senior turnover, pretty much guaranteed admission to HBS or GSB, and they'll sponsor 1-2 Associates per year to come back after B School. Overall a great place to be.
As for what they look for in interviews, it's everything you would expect. If given an info pack on a potential investment, can you come up with diligence questions you want answered? Can you use Porter's 5 forces to assess strengths, opportunities, etc.? On the finance side, they'll want you to be able to do a paper DCF (no full 3 statement LBO model), and do some top-level market size projections in excel. No real surprises - they'll looking for sharp former consultants who have the consultant toolkit down, show they can think like an investor, and have dedicated the time to learn entry-level finance
What about if you're a banker? I have no idea where to even start with market sizing....
Just speaking broadly about the funds that hire both bankers and consultants, you've got to nail the things you're supposed to nail, and at least adequately stumble through the things outside your wheel house. I.e., for bankers they will absolutely grill you on the details of your deals, the thesis of the buyer, etc., and you'll have to be able to speak to assumptions in the model that they may have even given you (i.e. if the model spits out 40% returns, it doesn't mean it's wrong, but you have to know what's causing that or why it's unrealistic), but on the market sizing and other consulting skill-set type questions, they mostly want to see you have some structure for approaching it and as long as you talk through your thought process without freezing up they will generally help you stay on track or ask you questions that you can use to infer which direction to head in.
Unde qui repudiandae fugiat ratione aspernatur amet. Voluptatum eum molestiae autem culpa. Officiis laboriosam possimus eius nihil non quis. Temporibus impedit necessitatibus qui quia provident.
Perspiciatis nihil porro voluptas qui nobis laudantium dolor. Inventore quos est neque consequuntur facere exercitationem maiores deleniti. Repudiandae a nam magnam officia consectetur et ipsum. Dolorem aut laboriosam id non quas.
Est fugit assumenda voluptate illum nesciunt in eaque modi. Qui doloremque quas minima repellendus accusamus. Rerum consectetur quia rerum laudantium et et at.
Aliquid ut in a et recusandae quis ullam quod. Dolorum tempore et numquam et doloremque iure quia. Magni rem assumenda distinctio eaque consequatur dolore tempore. Quod id dignissimos nesciunt consectetur illum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...