Error on resume - how would you handle this?
Currently recruiting for Sr. Associate private equity MBA internships. Have gotten somewhat far with 1 firm, beginning the process with 2 firms.
I was previously at a less-known PE firm. I erroneously put AUM on my resume as $700M to provide an estimate of size (rough number that is floating around on Pitchbook - passed my eyeball test when doing mental math).
Was talking to a classmate about my resume and I started thinking about how to back-up the AUM number. My mental math got me to like $655M, but I might've misremembered something because the FORM ADV for the firm actually shows ~$500M. Reading about the definition of gross AUM, I unfortunately think that $500M is the correct value as of the beginning of last year. Now, things could've turned around in the past 8 months since I left the firm and fundraising could've been more fruitful, but I don't think it could bridge the gap.
I wasn't trying to embellish or anything, just was in a rush to apply to a few roles and simply pulled the Pitchbook # since it looked relatively in the ballpark.
What would you do in this situation? I feel quite bad and am one step away from sending an updated resume to the firms, or maybe I can verbally address it in an interview as I'm doing the "walk me through your resume". Two of the three firms I'm interviewing with follow the same strategy as my old firm and are located in the same smaller city, so they may actually be familiar with the platform.
Also had some material news come out today about winning a competition that is pretty relevant to the PE strategies I'm pursuing, so I could maybe frame this as "had an important update, wanted to just send the latest resume!"
What would you all recommend?
You're overthinking this. No one is going to dig deep enough to fact check an AUM # on your resume and even if they did, $500mm vs $700mm doesn't really matter in the grand scheme of things.
Thank you, appreciate the perspective!
I wouldn't do anything here, definitely don't mention in an interview, no one gives a shit if it was $500M or $700M especially if it's a number that you got off Pitchbook and you were just an intern. Absolutely no one is checking a form ADV filing for a potential intern's prior internship.
If you had said it was $5B that's a different story but this is fine... find something else to worry about
Appreciate the feedback - but I was an associate with them for 3 years. Rookie mistake
Misread that - but still don't think it's a big deal honestly. The experience at a $500M company vs $700M is no different. Not something to lose sleep over, take it as a reminder to check these things but not a problem
You're right. Fixed going forward, one of these attention to detail things for sure!
Hello SEC, I'd like to report this hardened criminal right here.
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