Books/Resources/Advice for PE Recruiting
Long time lurker on a new account. I'm an incoming 1st year IB analyst. Was wondering if anyone could suggest books or other general resources to help prepare for private equity recruiting. Have already checked out the LBO chapters of the Rosenbaum book, and currently reading Moyer's book on distressed debt. Would also greatly appreciate any general advice on the private equity recruiting process.
Thanks in advance!
Try WSO's PE guide - I've read a lot of good reviews about it
Certainly planning on checking it out. Was just curious if there are any other supplemental resources I should be looking into.
I, like you, would like to break into PE. Having spent countless hours digging for information everywhere (WSO, Google etc.) for any specific information on the industry, I can tell you from personal experience that you have to put in a lot of effort and go bespoke.
There isn't really a go-to place for this sort of information, so keep digging intelligently and you will find good sources out there.
Modelling is not the be-all and end-all of PE. You should also spend some time researching how funds work, how/why you do due diligence etc. Try "Private Equity as an Asset Class" - I loved it, and it made me realise that modelling is just a fraction of the work.
In Addition to WSO PE guide (which is truth), other items I can think of:
As for PE recruiting, there are plenty of threads (including first hand accounts) about how to prep for the process. Best advice is to reach out HHs (depends a bit on which level of IB you are at) and also make sure to do well in current well especially with M&A engagements plus the using interview guides and you should be fine. Also, make sure you know the deals listed on resume cold.
Private Equity/Banking Recruiting Materials (Originally Posted: 06/02/2010)
Along the course of the last 3 years between banking and PE recruiting I've compiled a 3 inch Binder of the holy grail of interview prep. It includes:
There is much more but these are the big hitters. I figure its a shame to let this go to waste, but I did put in quite a bit of work to organize, compile and optimize the plethora of information and data I've come across so I'm not getting rid of it for free. If you're interested in this package PM me.
I was initially thinking I would use all these materials to create my own investment banking / private equity interview guide. But the issue is, the more widespread the information becomes, the less effective it is. Once the information reaches a critical mass of readers, it losses effectiveness and the information no longer allows you the differentiate yourself since everyone else knows what you know. So I decided I'll just get rid of it as a one-off golden nugget of knowledge.
Nice post! thanks a ton!
Hi Marcus, I can't seem to find a link to the guide you posted - is it still available? Thanks.
Its not online. I have a hardcopy + soft copy files and models.
I'm selling the entire package (only copy).
PM if interested, I guess I forgot to put that in the initial post.
Those of you PM-ing me:
The package is being sold on a closed envelope auction basis.
PM me an offer. Highest offer takes it.
Why not make copies and sell it to many buyers???
^^ copyright issues..
Not really. The real issue is the value of what Im offering erodes as the number of recipients increases. Although, due to popular demand I will offer all the materials less the executive contact info on a non-unique basis.
Oh I just figured shit like that always had a clause saying something about redistributing materials
how many people will specifically see this thread? very few out of the many students that want to do banking. putting copies up for sale at a lower price will make it more useful in total because it might be diluted across 1% of people who want to work in finance. think mergers & inquisitions - anyone can see it but not many who want to work in finance do
Is this thing still up for sale at all?
PE recruiting resources (Originally Posted: 06/18/2013)
Does anyone have PE recruiting resources they'd be willing to share/ trade? I'm looking for modeling tests (with solutions) and have a few tests from top tier funds to trade in exchange. Any other recruiting resources would be appreciated as well.
Please PM me. Thanks
I like how you blatantly ask that the resources just be shared with you through PM and not with other users.
^This
well PE is competitive....
that having been said, excellent comment
bump
P.S. i'm willing to share my resources with other users. just lmk if you have similar resources to exchange.
Bump
Does anyone have the gobuyside materials?
Would be nice if you actually shared your materials with others as well.
I've seen the gobuyside LBO model. It's too inefficient to build for a timed model test. Better off coming up with your own
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