What do you do if you face rejection while pursuing a career in Private Equity?

Failures in getting into Private Equity (PE) are not uncommon. The key is to understand the dynamics of the industry and adjust your approach. First, review your experience: PE firms value not only analytical skills, but also the ability to develop a business and work with portfolio assets. A focus on operational efficiency and strategic management will be an advantage. Second, build relationships with partners and investment directors: the PE market depends on relationships, which can provide access to non-public vacancies. Finally, develop expertise in specific industries, such as technology or healthcare, which will increase your uniqueness in the market.

A rejection in Private Equity is not a death sentence, but an opportunity for re-evaluation and strategic analysis. The first step is to carefully analyze the feedback to identify weaknesses in the resume or interview. Use this experience to strengthen your investment analysis and knowledge of deals. In parallel, it is worth expanding your network of contacts, more actively participating in specialized events, and deepening your knowledge of market trends. Pay attention to specialized educational programs and certifications to increase your competitiveness. Applying these strategies will increase your chances of successful advancement in this field.

Remember, rejection happens to everyone and it’s a chance to learn. Look at any feedback you got and see where you can improve. Think about your skills, experiences, and how you present yourself, and figure out what you can work on. Use this time to build your network, find a mentor, and get more experience. By reflecting and improving, you’ll be ready for future opportunities and stronger in your career journey.

It is always better to be overprepared and not need it, then be offered the opportunity and not have the necessary skills needed to excel. Use your time honing your DCF, LBO modeling skills, presentation and speaking skills, and practice as much as you can.

LinkedIn is a great tool. But don't underestimate the value of old school networking at events. Find organizations or people with connections to PE professionals (active or retired) and ask for advice as much as you can. The old quote is true, "ask for money, you'll only get advice. Ask for advice, and you'll never have to worry about money."

For executives seeking a position in a private equity backed company without prior private equity experience: - Convey your ability to function in a high-urgency environment - Focus on companies in an industry where you have significant experience - Be willing to accept a lower-level position with potential advancement - Target founder-led companies that would entertain a private equity sale

This is probably the biggest point and should be #1. If you don't come from a target school, or have a connection in the space the road is going to be long and difficult. But, being persistent and using every opportunity to learn and improve will be invaluable.