This is HUGE!!!
So I have a big netwroking meeting this week with an alum who I've never met before but so happens to be from my hometown. He is a President at a PE firm in Boston. I was looking to get into PE after I spent a few years in IB but if I can get into PE right away that would be great. The problem is I've done so much research on IB that I haven't really done any homework in PE and I really need to impress this guy and show him that I know my stuff. So, does anyone have any advice as to how I can really take advantage of this meeting, and what specific PE details do you think I should know?
http://mba.tuck.dartmouth.edu/pecenter/research/pdfs/LBO_Note.pdf
read it
thanks for this great recourse dear sir.
Thanks this is great
This question is has been asked a lot (probably including by myself) for 'I have an interview or meeting with XYZ' so do a search and you'll find some gems that may not be covered here or in my following post:
But generally you want to read up on the PE firm as much as possible. Understand their investment approach (investment philosophy, whether they have a particular sector focus, industries they like/avoid and why, what were their recent portfolio companies - try and understand the logic as to why it may be a good PE play, recent exits, etc...)
In terms of what you want to know about PE. I highly doubt he'll ask you to walk him through an LBO, but it's simple enough and that Tuck doc should help - or try Macabacus website. For your own benefit, it's good to know what are some general key criteria PE shops look for in investments. Also, if you have time, pick a company or industry that you think would be a good PE play.
I would use the opportunity to ask questions about the firm and the PE president - get an understanding of his background, his views on the market, etc. Don't try to be too aggressive - you want to be eager but not annoying. And most important thing is to have a good answer why you'd like to be in PE.
This great I really appreciate it. Just out of curiousity, what do you think employers are looking for in an answer when they ask the question, "Why do you want to work in PE?'
Is there something that typically impresses them when people answer that question or are all answers usually unique? In otherwords, is there something I shouldn't say?
I'm going to avoid answering this question because I don't want everyone giving the same damn response. You really should do a read through on PE from the Tuck document, among other things available online to answer that question for yourself. Ask yourself really why you want PE. If you can somehow weave into why PE through your prior work or school experience, then that would be a unique answer.
I don't think one can really "impress" others on answering just 'why PE' because I'm sure they've heard it all. But part of it is based on the fluidity and delivery of your responses, like with all interviews.
What you shouldn't say is obviously something like - 'You're getting paid more for less hours than IB' and etc.
Thought this thread was going to be about my penis
be a normal person and dont "try to impress him" or wax nostalgic about your blue collar back ground and baby ivy pedigree
Hahaha yea I'm pretty sure I'll never talk about that again, thanks though.
Dammit happy you beat me to it.
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