The experience of working in a private equity
firm is not like working for a larger, more formally
staffed firm. In a sense it is like a start-up,
with much of the equipment and some of the
people in place.
Having worked for a very large firm, a medium
sized firm and now a down-sized private firm
has given me perspective. While Carole
Hymowitz may be right that managers have
fewer layers of bureaucracy, more operating
flexibility and need to be responsive to a
different drummer, people in the middle levels
- don’t know the stability of the firm,
- where it is going (limited long-term perspective)
- what time they will be getting home that
[”Fast-pace, High Stakes Lure Executives to
Rapid change is more the buzz word than stable
operations. One is often responsible for more elements
with tighter constraints on spending and execution.
So, as you look for places of employment consider
the possibility of being taken over in a private equity deal.
After an offer has been made, fully explore the one to
three year horizon the company sees for itself.
It does have some positive returns but it will have
a different feel than most other employment arrangements.