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PRIVATE EQUITY ASSOCIATE: Build Your Networks To Get Ahead

About this video 

Learn about the path into private equity from a woman who has made it.

Degree: Business Administration, Management and Operations - Marketing - Finance and Financial Management Services
Job Title: Private Equity Associate

Job Summary: Financial Analysts

Job Description

Financial analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments.

On-the-Job Training

None

Additional Info

Certification is often recommended by employers and can improve the chances for advancement. An example is the Chartered Financial Analyst certification from the CFA Institute, which financial analysts can get if they have a bachelor's degree, 4 years of experience, and pass three exams. Financial analysts can also become certified in their field of specialt

Certification Requirement
Recommended by the Chartered Financial Analyst.

Quick Facts

Average salary
Average salary
National Statistic Change Location
Confirm
$45,000 - $145,000
Projected job growth
Projected Job Growth
20 to 30 percent
Typical schedule
Typical schedule
Full-time
Typical workplace
Typical workplace
Indoor, Office, Outdoor, Home, Military
Personal qualities
Personal Qualities
Analytical skills, Detail oriented, Mathematical skills, Technical skills, Verbal communication skills, Written communication skills

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P3.instances[0].transcript.parse_transcript_data({"transcript":"<p><span m='892'>Hi,</span> <span m='1338'>I'm here</span> <span m='1784'>to talk</span> <span m='2230'>to you</span> <span m='2680'>today</span> <span m='2960'>about</span> <span m='3410'>my</span> <span m='3720'>career</span> <span m='4000'>in</span> <span m='4280'>private</span> <span m='4420'>equity,</span> <span m='4700'>how</span> <span m='4980'>I</span> <span m='5220'>got</span> <span m='5500'>here,</span> <span m='5760'>and</span> <span m='5880'>what</span> <span m='6030'>I'm</span> <span m='6150'>planning</span> <span m='6520'>on</span> <span m='6580'>doing</span> <span m='6845'>with it</span> <span m='7110'>going</span> <span m='7330'>forward.</span> <span m='8370'>I</span> <span m='8450'>started</span> <span m='10250'>in</span> <span m='10390'>undergrad.</span> <span m='10830'>I</span> <span m='10860'>majored</span> <span m='11250'>in</span> <span m='12050'>business</span> <span m='12580'>administration</span> <span m='13680'>with a</span> <span m='13740'>concentration</span> <span m='14020'>in</span> <span m='14300'>marketing</span> <span m='14660'>and</span> <span m='14770'>finance.</span> </p><p><span m='15195'>From</span> <span m='15620'>there,</span> <span m='15950'>my</span> <span m='16090'>first</span> <span m='16410'>job</span> <span m='16780'>was</span> <span m='16970'>in</span> <span m='17180'>leveraged</span> <span m='17530'>finance</span> <span m='18050'>for</span> <span m='18810'>a low</span> <span m='19080'>or middle</span> <span m='19350'>market</span> <span m='19650'>firm where</span> <span m='19960'>basically</span> <span m='20490'>we</span> <span m='20640'>were</span> <span m='20750'>doing</span> <span m='21060'>corporate</span> <span m='21400'>lending.</span> <span m='23270'>From</span> <span m='23560'>there,</span> <span m='23830'>I</span> <span m='23870'>spent</span> <span m='24190'>two</span> <span m='24280'>years</span> <span m='24560'>there.</span> <span m='25040'>It was</span> <span m='25210'>a</span> <span m='25280'>great</span> <span m='25600'>building</span> <span m='25760'>block.</span> <span m='26950'>Got to</span> <span m='27270'>know</span> <span m='27670'>the</span> <span m='27840'>private</span> <span m='28140'>equity</span> <span m='28480'>industry</span> <span m='28800'>because</span> <span m='29240'>we were</span> <span m='29410'>working</span> <span m='29670'>with</span> <span m='29810'>private</span> <span m='30080'>equity</span> <span m='30350'>companies.</span> </p><p><span m='31720'>But</span> <span m='32119'>after</span> <span m='32450'>a few</span> <span m='32570'>years,</span> <span m='32900'>I</span> <span m='32970'>realized</span> <span m='33440'>that</span> <span m='33540'>I</span> <span m='33600'>wanted</span> <span m='33940'>to</span> <span m='34040'>be</span> <span m='35370'>doing</span> <span m='35580'>something</span> <span m='35840'>a</span> <span m='35900'>little</span> <span m='36040'>bit</span> <span m='36150'>more</span> <span m='36360'>than</span> <span m='36470'>just</span> <span m='36690'>numbers.</span> <span m='37170'>So</span> <span m='37470'>I</span> <span m='37560'>started</span> <span m='37820'>using</span> <span m='38070'>my</span> <span m='38160'>network,</span> <span m='39560'>finding</span> <span m='39910'>people</span> <span m='40190'>that</span> <span m='40300'>worked</span> <span m='40520'>in</span> <span m='40570'>the</span> <span m='40670'>industry,</span> <span m='41560'>and</span> <span m='41790'>from</span> <span m='41930'>there,</span> <span m='42380'>I</span> <span m='42870'>applied</span> <span m='43230'>to</span> <span m='43530'>a</span> <span m='43610'>job</span> <span m='43950'>at</span> <span m='44040'>my</span> <span m='44140'>current</span> <span m='44500'>firm.</span> <span m='45310'>And</span> <span m='45720'>two</span> <span m='45860'>years</span> <span m='46140'>in,</span> <span m='46390'>I</span> <span m='46500'>transitioned</span> <span m='47060'>to</span> <span m='47210'>the</span> <span m='47310'>world</span> <span m='47510'>of</span> <span m='47590'>private</span> <span m='47850'>equity,</span> <span m='48660'>where</span> <span m='48910'>you</span> <span m='49140'>are</span> <span m='49340'>buying</span> <span m='49660'>companies,</span> <span m='50770'>helping</span> <span m='51050'>to</span> <span m='51140'>manage</span> <span m='51400'>them</span> <span m='51480'>better,</span> <span m='52560'>helping</span> <span m='52860'>them</span> <span m='52960'>with their</span> <span m='53160'>strategic</span> <span m='53840'>direction,</span> <span m='54640'>putting</span> <span m='54890'>capital</span> <span m='55200'>to</span> <span m='55510'>work,</span> <span m='56670'>to</span> <span m='56990'>say</span> <span m='57170'>build a new</span> <span m='57490'>plant,</span> <span m='58090'>expand a</span> <span m='58530'>product</span> <span m='58870'>line.</span> <span m='59480'>And</span> <span m='59610'>then</span> <span m='59730'>after</span> <span m='59940'>three</span> <span m='60205'>to five</span> <span m='60470'>years,</span> <span m='60770'>you're</span> <span m='61040'>selling</span> <span m='61420'>it</span> <span m='61600'>to</span> <span m='61790'>either</span> <span m='62180'>another</span> <span m='62230'>private</span> <span m='62490'>equity</span> <span m='62750'>firm</span> <span m='63110'>or</span> <span m='63980'>a</span> <span m='64080'>competitor</span> <span m='64550'>in</span> <span m='64620'>the</span> <span m='64670'>industry</span> <span m='65160'>for</span> <span m='65300'>hopefully a</span> <span m='65740'>pretty</span> <span m='65970'>healthy</span> <span m='66290'>return.</span> </p><p><span m='68590'>I've</span> <span m='68890'>been</span> <span m='69280'>in</span> <span m='69460'>private</span> <span m='69950'>equity</span> <span m='70290'>for two</span> <span m='70690'>years now.</span> <span m='70980'>It's</span> <span m='71320'>been</span> <span m='71800'>a</span> <span m='71910'>very</span> <span m='72570'>good</span> <span m='72760'>experience,</span> <span m='73440'>so</span> <span m='73640'>much</span> <span m='73900'>stuff</span> <span m='74110'>to</span> <span m='74250'>learn.</span> <span m='75380'>It's been</span> <span m='75600'>interesting</span> <span m='76260'>in the</span> <span m='76390'>finance</span> <span m='76820'>world</span> <span m='77150'>because</span> <span m='77460'>it's</span> <span m='77690'>so</span> <span m='77870'>tied to the</span> <span m='78270'>economy.</span> <span m='79290'>So</span> <span m='80740'>the</span> <span m='80780'>good</span> <span m='81020'>times</span> <span m='81360'>are</span> <span m='81530'>really</span> <span m='81820'>good,</span> <span m='82210'>and</span> <span m='82300'>the bad</span> <span m='82580'>times,</span> <span m='83100'>you're</span> <span m='83710'>trying</span> <span m='84130'>to</span> <span m='84180'>find</span> <span m='84430'>some things</span> <span m='84735'>to keep</span> <span m='85040'>you busy.</span> </p><p><span m='85910'>But</span> <span m='86200'>in</span> <span m='86310'>that</span> <span m='86500'>time,</span> <span m='86880'>you can</span> <span m='87020'>learn</span> <span m='87580'>a</span> <span m='87650'>lot.</span> <span m='88290'>You</span> <span m='88410'>can</span> <span m='89030'>apply</span> <span m='89320'>yourself</span> <span m='89880'>in</span> <span m='90190'>different</span> <span m='90490'>directions.</span> <span m='91110'>You</span> <span m='91230'>can</span> <span m='91860'>spend</span> <span m='92060'>time</span> <span m='92340'>focusing</span> <span m='92780'>on</span> <span m='92880'>things that</span> <span m='93130'>you</span> <span m='93320'>otherwise</span> <span m='93820'>would</span> <span m='93910'>not</span> <span m='94200'>have been</span> <span m='94340'>able</span> <span m='94490'>to</span> <span m='94550'>focus</span> <span m='94950'>on.</span> </p><p><span m='96740'>And from</span> <span m='96920'>here,</span> <span m='97350'>I'm</span> <span m='97510'>hoping--</span> <span m='97920'>I'm</span> <span m='98310'>going</span> <span m='98430'>to</span> <span m='98490'>be</span> <span m='98580'>going</span> <span m='98790'>back</span> <span m='99690'>to</span> <span m='99790'>graduate</span> <span m='100150'>school</span> <span m='100430'>to</span> <span m='100480'>get</span> <span m='100660'>my</span> <span m='100810'>MBA.</span> <span m='102220'>In</span> <span m='102370'>private</span> <span m='102620'>equity,</span> <span m='102960'>an MBA</span> <span m='103500'>is</span> <span m='103800'>a</span> <span m='103820'>very</span> <span m='104100'>valuable</span> <span m='104560'>tool.</span> <span m='105650'>Some</span> <span m='105980'>firms</span> <span m='106360'>require</span> <span m='106790'>it</span> <span m='107220'>in</span> <span m='107370'>order</span> <span m='108210'>to</span> <span m='108380'>progress.</span> <span m='108930'>Other</span> <span m='109210'>firms</span> <span m='110100'>don't</span> <span m='110300'>require</span> <span m='110820'>it,</span> <span m='111000'>but</span> <span m='111710'>certainly</span> <span m='112250'>don't</span> <span m='112520'>see</span> <span m='112670'>it as</span> <span m='112840'>a</span> <span m='112920'>disadvantage.</span> </p><p><span m='114070'>So</span> <span m='114300'>even</span> <span m='114530'>though</span> <span m='114680'>my</span> <span m='114870'>current</span> <span m='115290'>firm</span> <span m='115700'>said that</span> <span m='115980'>I</span> <span m='116050'>could</span> <span m='116370'>continue</span> <span m='116840'>on</span> <span m='117040'>if</span> <span m='117160'>I</span> <span m='117200'>wanted</span> <span m='117540'>to</span> <span m='117730'>without</span> <span m='118060'>the</span> <span m='118500'>MBA, I</span> <span m='118900'>just</span> <span m='119110'>really</span> <span m='119320'>felt</span> <span m='119600'>like</span> <span m='120360'>the best</span> <span m='120640'>thing</span> <span m='120770'>for</span> <span m='120870'>my</span> <span m='121040'>career</span> <span m='121580'>would</span> <span m='121710'>be</span> <span m='121960'>to</span> <span m='122320'>go</span> <span m='122500'>ahead</span> <span m='122790'>and</span> <span m='122940'>take</span> <span m='123150'>the</span> <span m='123230'>time,</span> <span m='123530'>get</span> <span m='123710'>it</span> <span m='124370'>at</span> <span m='124570'>this</span> <span m='124770'>point</span> <span m='124980'>in</span> <span m='125020'>my</span> <span m='125130'>career.</span> <span m='125740'>And</span> <span m='125920'>therefore,</span> <span m='126330'>if</span> <span m='126440'>I ever</span> <span m='126690'>wanted</span> <span m='127040'>to</span> <span m='127930'>go</span> <span m='128110'>switch</span> <span m='128169'>to</span> <span m='128250'>another</span> <span m='128820'>firm,</span> <span m='129500'>go</span> <span m='129650'>to a</span> <span m='129789'>different</span> <span m='130160'>industry,</span> <span m='131110'>I</span> <span m='131250'>would</span> <span m='131370'>have</span> <span m='131690'>that</span> <span m='131820'>building</span> <span m='131900'>block,</span> <span m='132220'>and it</span> <span m='132570'>would</span> <span m='132770'>definitely</span> <span m='133120'>be</span> <span m='133270'>an</span> <span m='133370'>asset</span> <span m='133860'>I could</span> <span m='133950'>take</span> <span m='134170'>with</span> <span m='134330'>me</span> <span m='135085'>from</span> <span m='135470'>here</span> <span m='135660'>on forward.</span> </p><p><span m='136500'>So</span> <span m='136620'>I</span> <span m='136710'>think</span> <span m='136890'>my</span> <span m='137540'>best</span> <span m='137950'>advice</span> <span m='138560'>for</span> <span m='138720'>getting</span> <span m='138950'>a</span> <span m='138980'>job</span> <span m='139350'>in</span> <span m='139730'>the</span> <span m='139940'>private</span> <span m='140060'>equity</span> <span m='140200'>world</span> <span m='140900'>would</span> <span m='141040'>be</span> <span m='141270'>to</span> <span m='141430'>use</span> <span m='141710'>your</span> <span m='141790'>network.</span> <span m='143290'>Work</span> <span m='143520'>in</span> <span m='143610'>a</span> <span m='143660'>related</span> <span m='144080'>industry</span> <span m='144600'>first</span> <span m='145010'>because</span> <span m='145420'>private</span> <span m='145560'>equity</span> <span m='145825'>firms</span> <span m='146090'>do</span> <span m='146290'>not</span> <span m='146620'>hire</span> <span m='147080'>directly</span> <span m='147530'>out</span> <span m='147630'>of</span> <span m='147730'>college.</span> <span m='148640'>Try</span> <span m='148990'>investment</span> <span m='149300'>banking,</span> <span m='149920'>consulting,</span> <span m='151370'>leverage</span> <span m='151700'>finance,</span> <span m='152210'>any</span> <span m='152550'>of those</span> <span m='152730'>things.</span> </p><p><span m='153280'>And</span> <span m='153850'>from</span> <span m='154060'>there,</span> <span m='155090'>again,</span> <span m='155490'>build</span> <span m='155750'>your</span> <span m='155800'>network.</span> <span m='156280'>Use</span> <span m='156530'>that</span> <span m='157250'>to</span> <span m='157330'>help</span> <span m='157540'>you</span> <span m='157680'>to get into</span> <span m='158100'>business</span> <span m='158400'>school.</span> <span m='158850'>Use</span> <span m='159040'>that to</span> <span m='159360'>help you</span> <span m='159680'>to get your</span> <span m='160080'>next</span> <span m='160540'>job.</span> <span m='161440'>Because you're</span> <span m='161570'>all</span> <span m='161800'>really</span> <span m='162000'>important.</span> <span m='162590'>And</span> <span m='162750'>just</span> <span m='162940'>remember</span> <span m='164080'>who</span> <span m='164230'>you</span> <span m='164460'>are at</span> <span m='164670'>your</span> <span m='164830'>job</span> <span m='165180'>is</span> <span m='165270'>very</span> <span m='165500'>important</span> <span m='165880'>because</span> <span m='166010'>you</span> <span m='166120'>never</span> <span m='166380'>know</span> <span m='167380'>that</span> <span m='167680'>person</span> <span m='167960'>that you're</span> <span m='168150'>meeting,</span> <span m='168530'>what</span> <span m='168710'>they</span> <span m='168830'>can</span> <span m='169286'>help you</span> <span m='169742'>with in</span> <span m='170200'>the future.</span> <span m='170810'>Thanks.</span> </p>","file":{"id":167800,"video_id":"2733400233001","name":"124771593","duration":171177,"thumbnail_url":null}});