A career in private equity (PE) is the main goal for most of the graduates in subject disciplines like finance or business studies. Very few get to break into this industry straight out of college.
Only a few get selected from tier-1 business schools and stand a chance to work for the coveted PE firms. For undergraduate and master’s degree students who have missed the opportunity in the PE careers. They can improve their chances to be the part of this growing industry by doing certain and most valuable certifications. These certifications will give the aspiring individuals with relevant skills and makes them to be career ready.
Acquiring an online private equity course the candidature for the PE job roles will strengthen manifolds. These certifications are completely skill based professional certifications in finance and are highly preferred by many employers in the PE sector. One acquires a competitive edge over others as being equipped with an added PE credential. Individuals who are armed with industry-specific PE certifications are highly sought after.
In this article, let’s have a look at the top online Private Equity certification courses that most recruiters across the world want the candidates to be powered can enhance their PE careers.
Top Online Private Equity Certification Courses
Certified Financial Planner (CFP)
Certified Financial Planner (CFP) certification is suitable for those aspiring individuals who wants to be a financial planner. Client-relationship is one of the major factors of finance, which is something this certification offers. To clear the rigorous and testing 7-hour qualifying exam for CFP, one is require to study a minimum of 1000 hours.
After passing this CFP exam, one can enter into varied disciplines within the PE sector that comprises of retail banking, wealth management, and private banking. It will cost about USD 2,000. The pass rate varies between 60 percent and 70 percent.
Chartered Private Equity Professional (CPEP™)
Chartered Private Equity Professional (CPEP™) is a professional credential by the United States Private Equity Council (USPEC). USPEC comprehensive PE certifications for the individuals who wants to excel in their career in private equity.
The CPEP™ certification helps an individual to elevate their finance skills up to a level that expectes by the top PE and VC firms. CPEP™ is very useful for individuals who want to skyrocket their career growth for an individual who is already working in the PE sector. Added to that, it prepares accounting, finance, and business-study students to take an impressive beginning in their respective PE careers.
· Eligibility
It is a prerequisite to meet the academic and work experience requirements to get enroll in the CPEP™ certification. A hopeful individual ought to meet the accompanying:
- · MBA/Masters in the Finance discipline with a minimum of 2-years of work experience
- · Bachelor’s (with Finance as major) and a minimum of 3- years of work experience
- · Studying in MBA/Masters in Finance discipline in USPEC accredited and recognized business schools, universities, and institutions
- · Working in any of the finance sub-functions with a bachelor’s degree and an active credential by CFA, FRM or any other global certification, which is recognize by USPEC.
There will be a 120-days immersion period for the aspirants in that time they can build fundamentals in PE sector. They can schedule the exam any time after the 120-days immersion period, based on their flexibility. Grab the advantage from 245-days to plan and take the exam.
Financial Risk Manager (FRM)
The Financial Risk Manager (FRM) private equity course is designe for professionals pursuing careers as risk officers, financial risk analysts, and other positions in risk management. The cost of the designation is about USD 1,500 and takes approximately a year to complete. The pass rate is approximately 50 percent for the FRM designation.
FRM is suitable path for those who one wants to have a very specific career in risk management and serve clients who look for advice on investment decisions from PE investment professionals. It’s very cost-effective and time-efficient as well. There are two main examinations that one requires to clear within a year’s time to acquire this PE certification.
A Career In Private Equity
Round-the-clock events in the PE industry attract finance graduates to find a career in PE. A career in Private Equity is not the first step,it often the destination in the finance career. Here are a few fascinating reasons to choose a PE career.
- Every deal is a real deal as it depends on face time
- Have direct contact with CXOs of corporations
- Take an active role in strategy sessions and board meetings
- Work with the management team for business decisions
- Spend time to understand different businesses and industries
Conclusion
The desire to learn is extremely important in a PE career as without the desire to learn one cannot achieve the goals they have.
