Life post CFA | Is there any Master/Qualitification worth the time in PE?

Completed CFA several years ago, and wonder if within PE makes sense to invest time and money in a good Master or Qualification, or alternatively, it is far better to became an LBO modeller expert.

Please share your views.

Private Equity Interview Course

  • 2,447 questions - 203 PE funds. Crowdsourced from 750k+ members
  • 9 Detailed LBO Modeling Tests and 15+ hours of video solutions.
  • Trusted by over 1,000 aspiring private equity professionals just like you.

Comments (8)

Apr 5, 2021 - 7:22am

My opinion is that PE is all about apprenticeship. Nothing beats time in the job finding opportunities, pricing deals, being the trenches in DD and then the actual job of driving value and eventual exit. As long as you have a solid foundation in finance (which it sounds like you do) would suggest perfecting your craft is better use of your discretionary time. 

Apr 5, 2021 - 8:15am

I think you may suggest paying attention to the hidden rules?

JC -- Alpha Seeker --
Apr 5, 2021 - 7:58am

Agree. I got the same advice from a lady in PE. We didnt get along but when I asked her about CFA and so on she said "in PE no one cares about your qualifications. Can you close deals or not?"

Apr 5, 2021 - 8:12am

Agree re "can you close deals or no"? but you need some basic foundations anyway. What are the most important things you learnt from this layd (even you did not get along, any advice how to work with these people without issues?)

JC -- Alpha Seeker --
Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
Apr 5, 2021 - 8:27am

She made it to mid tier firm without good university or any qualifications and she basically said she kept getting promotions because she was better than others. She is obviously biased and her views go against the common path we discuss here (top IB, top MBA, "megafunds")

I cant give you advice lol I havent even worked in PE. Just networked a bit when her team was recruiting. They're all normal people idk.

Apr 5, 2021 - 8:14am

The thing is I mostly do Primaries investments and 20-30% of my time Co-investments. I agree that as being involved in as many deals as possible will defo help.

However, my team takes long to source potential co-investments, so I wanted to ask what you did to perfect your deal experience on your discretionary time?  I want to improve faster and just do not wait until next co-investment come along.

Any suggestions are more than welcome.

JC -- Alpha Seeker --
Start Discussion

Total Avg Compensation

April 2021 Private Equity

  • Principal (7) $694
  • Director/MD (15) $627
  • Vice President (63) $371
  • 3rd+ Year Associate (66) $267
  • 2nd Year Associate (127) $250
  • 1st Year Associate (266) $224
  • 3rd+ Year Analyst (24) $164
  • 2nd Year Analyst (60) $136
  • 1st Year Analyst (171) $117
  • Intern/Summer Associate (18) $71
  • Intern/Summer Analyst (191) $60