Private Equity, Hedge Funds, and Consulting Career Paths

Romero Mentoring

Private Equity, Hedge Funds, and Consulting Career Paths

Whether you’re considering a career in private equity, hedge funds, or consulting, or you’re unsure which path to pursue; we break down everything you need to know about these lucrative career paths. We’ll dive into the basics, as well as required skills, career progression, and much more.

Private Equity

Considering a career in private equity? Or you want to know more about what it is? Private equity is an alternative form of private financing, away from public markets, in which funds and investors directly invest in companies or engage in buyouts of such companies.

Only 1 in 300 students break into the top 10 firms. That’s a less than 1% rate. So what does it take to be able to be the 1 in 300?

  • Strong fit with the firm
  • Highly relevant work experience
  • Networking and interview preparation
  • Critical thinking skills
  • Top academic credentials

Want to learn more? Look at the infographic for more in-depth information on getting into private equity and the typical career path of someone in private equity.

Hedge Funds

Many are familiar with investors, but aren’t as familiar with hedge funds. Hedge funds are a type of investment fund that invests capital from institutional and accredited investors in financial assets – typically liquid, publicly traded assets.

What are some top skills required of hedge fund analysts?

  • Strong communication skills
  • Risk-tolerance
  • High initiative & tenacity
  • Confidence
  • In-depth knowledge of investment portfolio construction
  • In-depth knowledge of financial instruments and strategies

Interested in seeing if hedge funds are a good career path for you? Look at the infographic for more information on working in hedge funds and the typical career path of a hedge fund analyst.

Consulting

If you aren’t interested in pursuing a career in finance, you may be interested in consulting. Consulting is the business of providing expert advice to a specific group of people on various topics such as corporate strategy, operational improvement, marketing, and information technology. While there are three different types of consulting (management consulting, corporate consulting, independent consulting), the type most commonly referred to is management consulting.

What are some benefits of going into consulting?

  • Amazing exit-opportunities
  • Educational opportunities
  • Continuous learning
  • Travel (pre-Covid)

What are some drawbacks?

  • Long-working hours
  • Heavy travel (pre-Covid)
  • Inconsistent schedule
  • Inability to see the long-term results of your work

Learn more about consulting through the infographic and decide if consulting is the right career path for you.

About the Author

Romero Mentoring

Romero Mentoring provides investment banking career programs for students and professionals. Our programs transform our mentees into highly skilled professionals through personal one-on-one mentoring, advanced technical training, and internship experience not found anywhere else.