A private equity internship is a position offered to individuals who wish to gain work experience in the field of financial investments and how to perform financial modeling in different industries. Under the direction of a financial manager or mentor, these individuals learn how-to and help identify new investments and companies that are candidates for acquisitions. They conduct market and industry research, analyze financials and valuations, and interface with brokers, investment bankers as well as company management teams.
A private equity internship is a position offered to individuals who wish to gain work experience in the field of financial investments and how to perform financial modeling in different industries. Under the direction of a financial manager or mentor, these individuals learn how-to and help identify new investments and companies that are candidates for acquisitions. They conduct market and industry research, analyze financials and valuations, and interface with brokers, investment bankers as well as company management teams.
Most private equity interns have at least a bachelor's in business, economics, finance, or a related field, although an advanced degree is not necessary if the individual has comparable skills. These individuals typically work in an office environment during a normal workweek and should possess strong verbal and written skills and excellent communication, analytical, and organizational skills. Many private equity interns can make up to $112,000 a year in the US, and the field is expected to grow 6% by 2028.
Private Equity Internship Overview
Working as a Private Equity Internship
There is more than meets the eye when it comes to being a private equity internship. For example, did you know that they make an average of $54.01 an hour? That's $112,345 a year!
Between 2018 and 2028, the career is expected to grow 6% and produce 20,300 job opportunities across the U.S.
What Does a Private Equity Internship Do
There are certain skills that many private equity interns have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, communication skills and computer skills.
When it comes to the most important skills required to be a private equity internship, we found that a lot of resumes listed 19.9% of private equity interns included financial models, while 7.4% of resumes included due diligence, and 6.0% of resumes included business owners. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the private equity internship job title. But what industry to start with? Most private equity interns actually find jobs in the finance and hospitality industries.
How To Become a Private Equity Internship
If you're interested in becoming a private equity internship, one of the first things to consider is how much education you need. We've determined that 60.8% of private equity interns have a bachelor's degree. In terms of higher education levels, we found that 30.8% of private equity interns have master's degrees. Even though most private equity interns have a college degree, it's impossible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a private equity internship. When we researched the most common majors for a private equity internship, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on private equity internship resumes include doctoral degree degrees or associate degree degrees.
You may find that experience in other jobs will help you become a private equity internship. In fact, many private equity internship jobs require experience in a role such as internship. Meanwhile, many private equity interns also have previous career experience in roles such as investment banking internship or finance internship.
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Private Equity Internship Career Paths
In addition to switching up your job search, it might prove helpful to look at a career path for your specific job. Now, what's a career path you ask? Well, it's practically a map that shows how you might advance from one job title to another. Our career paths are especially detailed with salary changes. So, for example, if you started out with the role of investment banking analyst you might progress to a role such as finance analyst eventually. Later on in your career, you could end up with the title senior finance manager.
What is the right job for my career path?
Tell us your goals and we'll match you with the rights job to get there.
Top Colleges for Private Equity Internships
1. University of Pennsylvania
Philadelphia, PA • Private
2. Northwestern University
Evanston, IL • Private
3. University of Southern California
Los Angeles, CA • Private
4. San Diego State University
San Diego, CA • Public
5. Boston University
Boston, MA • Private
6. SUNY Stony Brook
Stony Brook, NY • Public
7. New York University
New York, NY • Private
8. University of Notre Dame
Notre Dame, IN • Private
9. University of Minnesota - Twin Cities
Minneapolis, MN • Public
10. Stanford University
Stanford, CA • Private
Top Skills For a Private Equity Internship
The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 19.9% of private equity interns listed financial models on their resume, but soft skills such as analytical skills and communication skills are important as well.
- Financial Models, 19.9%
- Due Diligence, 7.4%
- Business Owners, 6.0%
- Wealth Management, 5.4%
- Private Equity, 5.3%
- Other Skills, 56.0% See All Private Equity Internship Skills