Requesting Advice on Transitioning from FP&A to Private Equity
Hello Everyone,
I hope this message finds you well. I am a CPA with a bachelor’s degree in Accounting and over seven years of experience in Accounting and financial planning & analysis (FP&A). I am currently pursuing my CFA and am eager to make a transition into private equity. However, I’m uncertain about how to effectively break into this field, especially since I don’t have direct experience and I’m not eligible for traditional internship programs due to age constraints.
I would greatly appreciate any insights on possible entry points into private equity, including useful online resources, networking opportunities, or any internship options that might suit someone with my background. Furthermore, I’m curious whether being 34 years old presents a significant hurdle in making this transition. I am based in Asia and currently working in the Middle East, where the CFA is highly regarded for major finance roles.
Thank you in advance for your help!
One response
Hi there,
It’s great to see your proactive approach to transitioning into private equity! With your background in Accounting, FP&A, and the pursuit of a CFA, you already have a solid foundation that can serve you well in this field.
Here are some steps and tips that may help you in your transition:
Network Strategically: Networking is crucial in private equity. Leverage platforms like LinkedIn to connect with professionals in the industry. Attend finance and investment-related events or webinars, even virtual ones, where you can meet people working in private equity. Consider joining local or regional finance and investment associations.
Enhance Your Knowledge: Stay updated on private equity trends, deal structures, and valuation methods. There are many online courses focused on private equity and investment management that can deepen your understanding. Websites like Coursera, edX, and even platforms like Wall Street Prep offer relevant courses.
Streetwise Competence: Look into building financial modeling skills and understanding due diligence processes, which are essential in private equity. Workshops or boot camps specifically targeting these skills could be beneficial.
Target Certain Roles: Consider applying to roles that serve as intermediaries to private equity, such as investment banking, corporate development, or management consulting. These positions could provide valuable experience and a pathway to transitioning into PE.
Consider Smaller Firms: While larger private equity firms are often more competitive, many smaller or mid-market firms may value your experience and be open to hiring candidates who bring a diverse skill set, especially in Accounting and financial planning.
Addressing Age Concerns: At 34, you’re still within a range where many firms value the maturity and experience you bring. While younger candidates do often dominate internships or entry-level roles, your seven years of professional experience can be a significant advantage.
Informational Interviews: Conduct informational interviews with professionals in the field. This can give you insights into their career paths and advice specific to your situation while also expanding your network.
Tailor Your Applications: When applying, tailor your resume and cover letter to highlight transferable skills relevant to private equity. Emphasize your analytical skills, financial modeling experience, and your ability to work with complex financial data.
Remember, persistence is key. It may take time to find the right opportunity, but with your background and focus on obtaining your CFA, you’re in a good position to make this transition. Good luck on your journey into private equity!
Best regards!