This New Network May Help Your Private Equity Job Search

November 7, 2011

It’s one thing to uncover private equity job opportunities using an online resource such as Private Equity Job Digest. But how do you know you’re prepared for the interviews that follow, and have tailored your resume for the potential job?

That’s where a new web resource call Blue Chip Career comes in. This recently-launched online platform offers an extensive and growing network of mentors including managing directors at bulge-bracket investment banks, successful entrepreneurs and venture capital investors, team leaders at top consulting firms and senior private equity and hedge fund investors, according to the San Francisco Chronicle.

Using the Blue Chip Career platform, a job seeker can connect with an experienced mentor and receive personalized job search guidance.

“As a young professional, I noticed that networking was difficult and awkward and that it was hard to find the ‘right person’ to speak to,” said Chris Carey, the company’s founder, in describing his motivation to transform the traditional mentoring paradigm. “After realizing this challenge, our team developed a mentor network which rivals that of a top business school, yet is easily and comfortably accessible to all.”

Unlike existing professional networks such as LinkedIn, at Blue Chip Careers, job seekers are matched with a personal mentor who have previously agreed to provide advice to job seekers, and therefore are more willing to responding to requests for information. Whereas those who tap their alumni networks, for instance, may still find many of their requests for information get ignored.

“When I wanted help searching for a summer internship, I reached out to 50 alumni through my school’s network and LinkedIn, and I only received two responses – both of which were unhelpful,” said Jeff Fairbrothers, a college junior and Blue Chip Career client.

Some clients reportedly spend upwards of 20 hours over time with a mentor through the Blue Chip Career network. That’s a commitment of time that would be impractical or impossible to get from connection established through other networks, claims the site’s founder.

Mentoring starts at $99 an hour, but your first mentor session is $19. Blue Chip Career works like a tutoring company – you connect with mentors for 1-on-1 sessions, and you only pay for the time you spend with your mentor. There are no obligations, and they offer a 100% cash-back, no questions asked guarantee. You can check out their website at Bluechipcareer.com

Have any of you tried it yet? If so, let the Private Equity Job Digest community know about your experience for the benefit of all. Add your comments below.

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