A few weeks ago, I shut down my ThinkPad for the last time, turned in my security badge, and said farewell to my colleagues – and to private equity. I found myself in a position in which many private equity associates find themselves every summer: thanked for my efforts, praised for my "excellent work as an associate," but ultimately admonished that there wasn't a "path to VP for me," and it was time to move on. Such is life.
Nice as it might have been, the senior ranks of private equity probably weren't a long term fit for me. But while it might not have been a fit for me, I know that is not the case for many on this board – securing a slot as a VP en route to partner at an established PE fund is that holiest of holy grails. In that vein, I thought I'd offer a few tips on making the transition, given I've seen a lot of advice on how to break into PE, but not a lot of advice about how to stay there. I may have not made the cut myself, but after going through the process, I think I have a pretty solid idea of what it takes. This is tailored to a private equity associate, but a lot of it applies to just about any situation where you are trying to make the leap from junior guy to senior manager – investment banking, corporate development – wherever. So let's get to it.
You first need to
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