Do you need investment banking experience for private equity?

The most important qualification to become a private equity analyst is two to three years prior experience as an investment banking analyst. Some firms also hire former management consultants. Getting an interview takes both a strong network in private equity and knowing the right headhunters.

How hard is it to get a job at Blackstone?

For the buy-side giant’s first-year analyst class, 29,000 applicants threw their hats in the ring for jobs this year — but just 103 were hired. That’s an acceptance rate of 0.41\%, Gray revealed during the firm’s third-quarter earnings call in October.

How hard is it to get into Blackstone?

The firm had more than 15,000 applications for 100 analyst positions, co-founder Steve Schwarzman said on Thursday on a conference call with analysts and investors. That’s an acceptance rate of less than 0.7 per cent.

What does Blackstone look for in employees?

What does it take to get in? Like most private equity firms, Blackstone vets candidates based on the university they went to, the technical skills they have and evidence that the applicant is an elite among their peers.

How many rounds of interviews Does Blackstone have?

Followed by 2 rounds of interviews with associates and VP’s. Two for first round three for second. Interviews were 30 mins each and quite conversational. Rejection after 2nd round.

Is KKR a good company?

KKR is a fair company to work. Great benefits with plenty of perks. Work life balance can be a challenge depending on the department. The staff was pretty friendly.

What is the pathway to private equity?

A long time ago, Private Equity Associate roles were the main pathway into private equity. You’d work in investment banking or management consulting for a few years, interview around, win an offer, and then move onto greener pastures.

How much do private equity firms pay in NYC?

Private Equity Associate Salary (and Bonus) Total compensation in New York (and other financial centers in the U.S.) for Associates is between $150K and $300K, depending on firm size and your performance. And some firms will pay slightly above this, maybe up to the $350K level.

What is the difference between private equity and investment banking?

At private equity mega-funds, such as KKR and Blackstone, you can expect investment banking hours all over again – you’ll be at the office all day and all night, and you’ll be busy even on weekends. On average, though, you’ll have a better lifestyle than investment bankers at the equivalent levels.

What does it take to work at a private equity fund?

So, the work was a mix of model reviews, presentations, data gathering, calls and meetings, and a bit of sourcing. At many smaller funds and middle-market funds, you can expect to work 60-70 hours per week, mostly on weekdays, with occasional weekend work when deals heat up.