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Careers in Private Equity

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  • 1. Welcome to the Evisors Webinar Visit us online at www.evisors.com Careers in Private Equity featuring Arion Robbins Hosted by: Career Advisors on Demand..com/webinars
  • 2. Careers in Private Equity I. About Arion II. Overview of the Types of Investing III. What is Private Equity? IV. Researching the Industry V. What are Firms Looking For? VI. What to Expect in the Recruiting Process VII.Q&A Hosted by: Career Advisors on Demand..com/webinars
  • 3. About Arion Education: • University of Pennsylvania (B.A. in Economics ‘06) Previous Work Experience: • Financial Advisor at Wachovia • Investment Banking Associate at Barclays Capital Currently: • Associate at Tenex Capital Management Other: • Chartered Financial Analyst • 8+ years of experience across the financial services industry Hosted by: Career Advisors on Demand..com/webinars
  • 4. Investment Size/EV Holding Time Objective High Frequency Trading Less than 1% Seconds/Minutes/Hours Capture small temporary pricing anomalies Prop Trading Less than 5% Hours/Days/Weeks Create value through arbitrage Long/Short Equity Hedge Fund ~3-10% Weeks/Months Capture relative value discrepancies Private Equity Varies, but often 100% 2 -4+ Years Buy at or below potential value and apply change to surface gains Holding Company Varies, but often 100% "Our favorite holding period is forever" Buy at or below intrinsic value and wait Overview of the Types of Investing Hosted by: Career Advisors on Demand..com/webinars
  • 5. What is Private Equity? 1. • Capital is raised from retail and institutional investors 2. • Investments made directly into private or public companies 3. • Investments exited after a period of time in order to return profits to investors (5-7 year full cycle) Hosted by: Career Advisors on Demand..com/webinars
  • 6. • Investment sourcing • Investment diligence • Portfolio company monitoring • Investment communications What do you do in Private equity? Hosted by: Career Advisors on Demand..com/webinars
  • 7. Ways to Research the Industry • Evisors • Career services/school alumni • LinkedIn • Newspapers • Investing books • Industry newsletters eg, Dealbook • Company websites • Vault or Wetfeet guides Hosted by: Career Advisors on Demand..com/webinars
  • 8. What are Firms Looking For? • Relevant work experience • Previous investing or analytical experience • Eg, Investment clubs, internships, previous jobs • A passion for investing and general curiosity • Can’t just be a means to a high salary • Need to know that you want to get to the right answer • Strong work ethic • Diligent with good attention to detail • Prove through academics, experience, extra curriculars • Thought leadership • Creatively approach problems • Analytical mind set • Articulate, strong communications skills Hosted by:See the rest at evisors.com/webinars/webinar/55
  • 9. Choosing Your Firm Hosted by:See the rest at evisors.com/webinars/webinar/55
  • 10. What to Expect in the Recruiting Process The Application • Resume • Cover letter • Application • Tailor each application to the company • Follow up The Interview • Resume walk • Answer basic questions on why you want this career/role/firm • Expect technical questions • Have questions ready for interviewer Hosted by:See the rest at evisors.com/webinars/webinar/55
  • 11. Questions & Answers Question 1: How many interview rounds did you expect going through private equity? Did you notice any differences within each round? Hosted by:See the answer at evisors.com/webinars/webinar/55
  • 12. Questions & Answers Question 2: Is there anything particular within private equity across different geographies? Hosted by:See the answer at evisors.com/webinars/webinar/55
  • 13. Questions & Answers Question 3: What do you think about private equity careers within a tough economic climate? Hosted by:See the answer at evisors.com/webinars/webinar/55
  • 14. Thanks for Joining! Book your one-on-one session with Arion at www.evisors.com/expert/1263 View past webinars at www.evisors.com/webinars Hosted by:See the rest at evisors.com/webinars/webinar/55