Hi everyone,
Pretty much everything is in the title. How much are fresh associates looking at in terms of salary and bonus at funds in Toronto after a classic analyst stint? Any answer welcome regardless of fund size/tier but please specify MM, MF etc.
I have seen linkedin's of some people who are specifically within the "Valuations" group of PE arm of megafunds like Blackstone and Apollo Global Management. They tend to come from FLDP/big 4 valuation/non-target backgrounds, which seem to make such a role within reach for me.
Can anyone here tell me more about the valuation groups within PE firms? What kind of skills does one develop there, and what kind of valuations are they performing, that they need specialized people for instead of the PE generalists that are hired from top Ivies? I'm guessing that the in-house valuations people are not running/executing the deals or doing the complex LBOs, and more like what typical big 4 valuation groups do (PPAs, but in-house?). And what are their comps/exit opps?
It kind of seems like a great way to break into PE later on as well.
Hi,
sorry to start with a dumb question - I am a consultant trying to break into PE and currently working on my LBO modelling.
So got a running model, balance sheet balances, so far so good. Now something that I find slightly counter intuitive.
When calculating my cash-on-cash returns after year 1, I encounter the issue that they are very often below 1 (like 0.6x) even for higher EBITDA multiples compared to the initial valuation I used. I am making a mistake here or is that normal for year 1 cash-on-cash returns?
Thanks a lot for the help!
Hello Everybody,
I am a few years into my stint with BIG 4 TS group in a large SE market. I am at the point in my career here where I feel as if I need to make a move. My question for the group is:
What would you do if you were me? Try to break into some form of banking (corporate, IB, etc.), go do Corp. Dev., FP&A or PE? How soon would you try to leave and what avenues would you exploit to do so?
Thanks!
Big Announcement: WSO Private Equity Official Resume Template for Experienced Professionals with Deal Experience is Now Public!:
Click here for the free investment banking resume template for college students.
For those of you with deal or project experience coming from Investment Banking or Management Consulting, looking to make sure your CV format is clean and make sure that your private equity resume is polished for those competitive buyside jobs in private equity and hedge funds, we have a great sample resume you can now use free of charge (attached to this post below). We're hoping this clean format gives you an even bigger edge in recruiting (besides being members of WSO :-). Also, don't forget that our private equity interview prep guide is now available after years in the making (here)!
As I mentioned earlier in the week when we released the investment banking resume template for undergraduates, we think the WSO templates give you a lot more flexibility on spacing. It's tough to condense all of your deal experience into a coherent summary, so we hope this is helpful (keep an eye out for the Private Equity Interview Prep Pack which we expect to have a beta version released by the end of February 2014)
This is the PE resume template we use in all of our the WSO resume reviews with experienced buyside professionals.
This particular banking resume sample is for experienced hires, not undergraduates. You should also not take these bullets since they just being used as placeholders / examples and aren't that strong...
Thank you all for supporting Wall Street Oasis!
Patrick
ps - please feel free to share this post and pass it along to your friends in banking or other finance positions
pps - remember, if you are looking for real finance professionals (including talented PE and HF pros) to help with your wording and bullets and tough decisions on what to cut and what to keep, please consider our industry leading resume editing service, specifically targeted towards investment banking, private equity, hedge funds, trading, management consulting and other finance resumes...our testimonials speak for themselves: http://www.wallstreetoasis.com/wso-finance-resume-review :-)
Hi Everyone,
I am preparing a list of potential targets for two PE funds. One is a new small-cap fund, currently fundraising and investing own equity the second one is a third fund investing out if $130m. I identified several interesting targets that are respectively in the size scope of these companies. However, these companies are public. Only a minority of their shares are respectively listed and these are low volume stocks. How much hustle would it be for the PE funds to take them private? Do you believe any of this funds would actually consider such targets? Thanks a lot in advance!
I would greatly appreciate if one of you monkeys would run a query on your terminal, export to excel, and post on box or dropbox. Query parameters something along the lines of:
Title: Search Investors By Location
Screen Focus: Private Equity/Venture Capital
Screen Parameters
P1 "Investor Location: Included: Los Angeles/CA Metro"
P2 "Investor Type: Included: Private Equity, Venture Capital, PE/VC Mix"
Hi,
I am new to private equity and am trying to grasp a couple of the concepts. would appreciate if you could help out.
1) How does a fund work? why is their multiple funds? can't you invest in another company if you still have money left from the fund?
2) I keep on seeing the word "equity check", what does that mean in the PE world
3) could you please describe what a shareholder loan is? what is the difference between the funds money?
4) what is funds of funds
5) what is a secondary fund
Thank you in advance
Ready to tackle the toughest private equity interview questions? Recruiting season is right around the corner and just in time we've released version 2.0 of our popular PE interview Prep Pack.
This new version includes:
- 9 LBO Modeling Tests with VIDEO solutions (15+ hours of content)
- 30+ additional videos integrated throughout the guide
- 5+ webinars and counting from actual PE professionals...
+ much much more...
I am super pumped about version 2.0 since I think we really raised the bar with all the extra video content and video solutions to the 9 LBO modeling tests....and we're not done yet. We're already working on version 3.0 which as always, will be a free upgrade to those that get in now!
Good Luck,
Patrick
ps - for those of you that have already purchased version 1.0, please e-mail Ivy@wallstreetoasis.com your receipt and she'll get you version 2.0 for free within 24 hours!
The goal of Wall Street Oasis' Private Iniquity is to give our users the best possible snapshot of life in private equity, from internships and recruiting to compensation and career progression. Working towards that goal, we've created a Frequently Asked Questions page for Wall Street in general, as well as a page for the Best Discussions from each industry.
To familiarize yourself with Wall Street, check out our Frequently Asked Questions page, or navigate using one of the links below:
* WSO 101
* Best Discussions - Private Equity
* Here you can find our previously stickied topic, "Breaking into Private Equity from Banking"
Please also keep in mind that as the community continues to grow and evolve, we would like to keep it at least somewhat civil, useful and entertaining. To that end, here are a few items to keep in mind as you participate in the community:
* Please do your best to avoid starting a thread on a topic that has already been discussed. Use the Search function or visit the new Frequently Asked Questions page first
* Respect your fellow monkeys and do not write something you would never say to a person in public. The administrators and moderators all reserve the right to edit and delete posts and ban particularly abusive users
* Never disclose names or personal details of people other than yourself. This can get you banned. If you are posting your own personal information, keep in mind that many current and prospective bankers are reading these forums. Showing maturity and respect may very well help you in your job search!
* Stay on topic. If you want to discuss a new issue, please start a new topic.
* For more details, please review our WSO User Guidelines
* If you find a post offensive, contact Ivy at Ivy@wallstreetoasis.com
Thank you to all of our users for making WallStreetOasis a great community. We look forward to helping prospective bankers for years to come!
Patrick
I am a freshman at a prestigious business school, but at a large state school which I do not believe to necessarily be a target. Are there any freshman internships for private equity or investment banking, that are not diversity programs, that are open?
Currently I'm a revenue accountant/analyst for a broker dealer handling advisory revenue, and revenue share on annuities. Im a Level 2 CFA candidate and have passed Level 1 of the CAIA program. On the side I'm involved in handling funds of hedge funds that are winding down and I find it fascinating. I want very badly to eventually make it into alternative investment analysis, preferably private equity, LBOs, hedge funds, or high net worth portfolio management. I know this is a difficult uphill battle, but nonetheless its what i want to pursue. My recruiter says she can put me in front of corporate financial analyst positions for a REIT and a high net worth portfolio management company. Being that I'm an accountant/analyst I am wasting time not building experience in analysis. Should I hold out for an entry level position in investment analysis, such as real estate anlysis, investment banking, etc, or should I be jumping at the opportunities she's presented with the hope of internally transferring? Any advice or thoughts would be greatly appreciated on how to go about my search.
Kind Regards
As many of us first-year analysts head into the 2017 pre-MBA recruiting cycle, I was wondering if anyone has found it worthwhile to pay for the GoBuyside premium membership.
Thanks in advance!
Hi,
I am very keen to switch from my current role in TS (London office) to a front-office role in a PE firm.
I have two years of deal experience mainly in the financial services space (various sell-side and buy-side work for banks, Asset Management companies, insurance companies and fintech).
I would like to seek opinion on whether obtaining an MBA from a M7 will make the change from financial DD to PE role much more easier/viable.
Took my GMAT and scored a competitive 700 and my undergrad degree is a first-class from a UK university.
Hi everyone,
I was wondering if anyone knew of any decent industry report database that charges based on an annual subscription instead of the number of reports downloaded. It is difficult to find data such as growth rates on certain industries and it would be good to have more information before making GLG calls.
Thanks a lot and will give SB+.
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Quick question for those who work(ed) for or received offers from small-to-mid-size MM funds (which I'm defining as roughly $300M - $1B AUM): do you mind sharing your 1st year Associate compensation (ideally broken out by base + bonus)? Have an offer from a fund in this size range but can't quite gauge whether it's competitive or not. Any responses would be appreciated!
Hi All,
Just wanted to know if you guys had any thoughts about the following firms:
Irving Place Capital
Searchlight Capital
Thanks!
