In this article I would like to run through some of the top private equity training programs available today. It can be difficult to understand the benefits and disadvantages of each program so I hope to tease out some of these issues today. There are not a huge number of PE training programs because it is a relatively niche industry.
Private Equity Training dot com
This website is geared toward people who simply want to learn more about the industry but do not want to enroll in an intensive training program. The site offers prep materials on PE including a guide to the leveraged buyout (LBO) model, a general PE guide, or an interview guide. This is not your traditional training program but more of a resource provider. According to the site it is for investment bankers, consultants and students.
Certified Private Equity Professional
If you’re looking for something more in-depth, you may be interested in a professional certification. The Certified Private Equity Professional (CPEP) program is designed exclusively for those who work in the industry, would like to begin working for a buyout firm, or would like to better understand and serve their PE firm clients. The CPEP program is completed 100% online which agrees with many working professionals and students, or those that live outside the United States. This is a more intensive training program than some of the others available and gives participants a wide breadth of PE knowledge, rather than a strict focus on LBO modeling or another specific aspect. The program has a required reading list, several complimentary resources including career coaching videos and explanations of some of the complex aspects covered in the reading and more, as well as an exam that tests your knowledge of the industry.
Once you have passed the exam and completed the program (typically within 3-6 months) you will receive a designation that you can include on your resume showing that you have a strong knowledge of private equity and you have received training in the industry. Many participants view this as a valuable qualification to add to their resume separating themselves from other job candidates and increasing their confidence walking into an interview.
The Private Equity Institute
This program combines the classroom with online courses so it could be either convenient or inconvenient if you don’t live where the courses are offered. If you do not live in New York City though, you cannot enroll in this company’s class room courses and would have to take the online courses only. These courses cover many different aspects of PE from Private Placement Memorandums, legislation and SEC rules, marketing, valuation and investors. Depending on where you are or what you want to learn and where you are in your career this could be a helpful training program to consider.
Private Equity Seminars and Conferences
Now if you are super-busy and do not have any time to enroll in this program, the CPEP or PEI program might be a bad fit. Instead you should consider a short seminar or conference. These are typically 1-2 day conference in major cities that have speakers from PE firms but they do not often provide the kind of PE training that professionals are looking for.
I hope this has been a good overview of the top PE training programs out there today.