We've been writing the last couple of days about the possibility of investment bankers transitioning into
corporate development. As we've
noted,
the skill sets and compensation expectations don't always line up. For
some of those newly unemployed Wall Street employees, a job in private
equity may seem a more natural fit. For those that do, it's worth
checking out
this article by Christopher Conti, a partner at executive recruiter CTPartners.
In
"Tapping I-bank Talent," Conti offers explicit advice to PE firms about
what skills to look for in potential employees. For instance, many i-bankers have a huge support network to tap when doing deals, which they wouldn't necessarily have at a PE firm. As a result, Conti advises PE firms "to
determine how creative potential candidates previously have shown
themselves to be, even without big muscle behind them. Determining this
requires exhaustive analysis of a professional's deal flow, prior
activities and achievements."
While the article addresses
private equity firms looking to hire bankers, it is just as valuable to
job seekers wondering how to best present themselves to potential PE
employers.
- Suzanne Stevens
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