Many people looking to enter finance or private equity ask if working as a personal assistant (PA) could be a stepping stone.
The role of a PA is often seen as administrative, but in sectors like finance it can provide exposure, contacts, and an understanding of how the industry works. Whether it is the right starting point depends on your career goals, skills, and the opportunities that arise in the job.
A PA Job Offers Exposure to the Industry
One of the biggest advantages of a PA job in finance is direct access to senior professionals. Private equity and investment firms are usually small and competitive, which means assistants often work closely with partners and investment managers.
According to data from the Investment Association, the UK asset management industry oversees more than £10 trillion in assets, with private equity making up a growing share.
For someone starting out, being in that environment gives you a front-row seat to how deals are sourced, negotiated, and managed. You might not be making investment decisions, but you will hear the language, learn the structure of deals, and gain insight into the culture of the industry.
Being a PA Helps Build a Networks
Networking is essential in finance and private equity, and working as a PA can put you in a strong position. You are often the first point of contact for clients, investors, and high-level executives.
This exposure allows you to build relationships that could help when you want to transition into a more technical role.
A recent LinkedIn survey showed that 70% of professionals believe networking is vital for career progress. While a PA role does not automatically lead to an investment job, the connections made can create opportunities that might not be available through standard graduate routes.
Skill Development in PA Job Roles
A PA role also develops transferable skills such as organisation, communication, and attention to detail. Finance and private equity require the ability to manage complex information and meet strict deadlines, so these skills are highly valued.
However, the challenge is that PA work is still mainly seen as administrative. Without extra training or qualifications, it may be hard to move directly into an analyst or associate role. Many firms expect applicants for front-office finance roles to have degrees in finance, economics, or business, alongside experience in financial modelling.
Limitations With PA Jobs and Next Steps
While being a PA provides access and knowledge, it should be seen as a stepping stone rather than a direct route. Many PAs stay in support roles long-term because the gap between administration and investment analysis can be wide.
To bridge it, you may need to study further, such as taking the CFA exams or a master’s degree in finance. It is also important to express interest internally, asking to help with research or deal support when possible. Some firms encourage staff development, but others keep PAs strictly in administrative positions.
Conclusion
Being a PA can be a useful way to break into finance or private equity, especially if you lack direct experience. It gives you exposure, networks, and valuable skills, but it is not a guaranteed path.
To make the most of it, you should combine the role with professional development and clear career planning. With the UK private equity market worth around £21 billion in investments in 2023, there are many opportunities, but competition is high.
A PA role can open the door, but you will need to push further to step into the core investment side of the business.
