Tips for a prosperous career in Private Equity
A career in private
equity will give you mixed opinions on whether you should embark on this
journey profession or stay away from it. Over the past few years, the
entry-level jobs have risen and many freshers have found jobs as associates.
Don’t worry if you’ve landed such a job or looking for one. It can surely be
intimidating to work for firms that deal in crores of currency, but with a few
tips you can pull up your socks and be ready for what’s to come.
No easy way out
Be the associate
who takes the responsibility for stuff and does all the hard work others don’t
want to. Those who get their hands on the dirty deals instead of the highly
coveted deals in the business come out clean on the other side. You might find
yourself alone at times and be criticised for wrongs and never appreciated for
the right stuff. Get on it with and get in for the long haul without fretting.
Be on best behavior
Jobs in private
equity will put you in a position where you’ll have influence over matters.
This is what makes banking different from a job in PE funds. India is
expanding its horizons in private equity jobs exponentially. More often than
not, the employees find their positions subject to biased opinions. But you can
tackle that problem by playing nice.
Do whatever you need to
There will be
instances when you’ll find yourself stuck with work that will make no sense to
you. And there will always be undeserving people with better jobs than you, but
you must bite your tongue and get on with it. Hierarchy is a part of the sector
and you’ll do well by accepting and following it. Don’t think about jumping
from job to job as constituent experience is indispensable in the sector.
Be sure to give
yourself ample time to decide on a career in the industry. You’ll have to work
on elementary stuff initially to find your ground in the profession. Private equity investment in India is picking up and students have an opportunity
to work in similar lines with banking with better returns in the long run.
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