Financial education for young people 👨🎓👩
Here's everything you need to know about divisions within finance!
Dictionary Definition
Private equity operates with investors and uses funds to invest in private companies or buy out public companies. By doing so, general partners can obtain control over management and other operational changes to increase profitability in hopes of later selling at a successful rate. Essentially with private equity, you invest in private companies in the hopes of making a return on your money.
Companies you could work for
Most investment banks offer job roles in private equity or equip you with the skills needed for the role elsewhere. Here are some of the biggest PE firms out there...
1 - KKR
2 - Blackstone
3 - The Carlyle Group
4 - TPG
4 - CVC
5 - J.P Morgan
6 - Goldman Sachs
And so many more!
But how do you get there?
Key skills to get into private equity
1) Problem Solving - grasp for problem solving, finding solutions and working under pressure
2) Financial Analysis - it's fundamental for private equity to analyse financial statements and projections to identify potential investments
3) Technical Skills - advanced Excel, coding, modelling, modern languages and niche knowledge
4) Commercial Awareness - street smart and able to apply real life understanding to operational issues
5) Interpersonal Skills - able to get on with people, build rapport, build consensus and mediate where necessary
Key habits to build daily for private equity
1) Read the FT - read the Financial Times, Yahoo Finance and GenMoney
2) Read the Economist - read the Economist, download the Mckinsey, INSEAD and Harvard Business Review
3) Follow Live Market News - Yahoo Finance, Google, Bloomberg etc...
4) Cultivate Your Online Brand - create and cultivate your LinkedIn profile, connections, email address etc.
5) Subscribe To Relevant Youtube Channels - make use of YouTube and follow relevant channels for regular fun content on financial services etc...
6) Attend Talks and Listen To Podcasts - actively listen to a variety of podcasts for inspiration, and insight
