Sunday, 31 March 2013

Breaking In: From IT-support to PE Fund Manager

Wait, what? After all my raving on how it is near impossible to break into IB from back office financial analysis, now I’m talking about freaking IT support intern to Private Equity Fund Manager?

All right, calm down. You see, the key words in the above sentence are “near impossible”.  This is the story of a guy who made this seemingly impossible story turn true. He went from being an intern in IT-support to Investment Banking Analyst to where he is today – running his own PE fund.

Read on to find out if fairy tales exist in real life.

Sunday, 24 March 2013

Private Equity: The Inside Story

In the previous post on Private Equity, I provided an overview of what the industry is all about. But for those interested in knowing the minutiae of how a PE firm operates, this post will satisfy their queries. It is a gloves off, no-holds-barred post which will tell you all about the internal workings of a Private Equity firm.

Fair warning: Hold on to your horses, folks. This one is gonna get technical. In case you do proceed, make sure to read to the end - that's where you'll find the best part.

Monday, 18 March 2013

Private Equity 101

Since the inception of this blog, I have been talking about Investment Banking. But what about the other areas of “high finance” – IB’s cousin Private Equity and the distant relative called Hedge Funds? So today, let’s go pay a visit to that rich cousin whom IB envies – PE.

This is the second post in Bateman Begins 101 Series and will introduce you to the little-known world of Private Equity. You can get the definition of PE from anywhere, but below you will find out what actually happens in PE, why it is considered to be better” than IB and most importantly, why it is so bloody difficult to break in.

So without further ado, introducing Private Equity – the promised land. What even investment bankers dream of.

Saturday, 2 March 2013

Life in IB: The best IB story I've ever read - From WSO

Came across this gem on WSO and just had to share it. It's written as a comment by one of the best posters on WSO and I wanted to share it here. It is without a doubt the among the most awesome IB stories I have ever read. Kudos to rufiolove!

Background: The original poster had posted some tips on how to get out of getting staffed on weekends. The relevant tip is below, followed by rufiolove's comment.

Caution: The language used below might not be suitable for sensitive readers.