High School

The field of investor relations requires a unique combination of soft skills (especially communication) and financial acumen. As a result, it’s important to take classes that will help you to develop these talents. Recommended courses include English, speech, marketing, accounting, finance, business, economics, and mathematics. Round out your education with college-preparatory classes in history, social studies, and computer science. Taking a foreign language will be of great help if you plan to work overseas or at a PE firm that works with foreign investors.

Postsecondary Education

Investor relations specialists need a minimum of a bachelor’s degree in finance, accounting, business, marketing, public relations, or a related field. Many IR professionals have a master’s degree in one of these aforementioned majors. The private equity industry is very small, and, consequently, managing partners are very particular about whom they hire. In most instances, applicants will only be considered for employment if they attended a top-tier school and have a stellar GPA.

Other Education or Training

The National Investor Relations Institute provides a variety of educational offerings that will help you stay up to date on industry developments and hone your skills. Some of its recent seminars included Fundamentals of Investor Relations, Defending against Activist Shareholders: How to Prepare and How to Use the First 48 Hours, Proxy Season: Establishing Trust through Transparency, and Navigating Geopolitical Issues from an IR Perspective. The institute also offers professional development opportunities at its annual conference and online via webinars and self-paced courses. Visit https://www.niri.org/education-events for more information.

Certification or Licensing

The National Investor Relations Institute awards the investor relations charter designation to applicants who meet educational and experience requirements, pass a rigorous examination, and satisfy other criteria. Visit https://www.niri.org/credentialing/overview for more information. Some IR specialists earn the chartered financial analyst designation, which is administered by the CFA Institute (https://www.cfainstitute.org/programs/cfa-program). Others are licensed as certified public accountants. The Uniform CPA Examination, which is administered by the American Institute of Certified Public Accountants, is used by all states.

You’ll need several years of experience in a finance-related field to qualify for entry-level investor relations (IR) positions. This experience should involve work in investment banking, equity research, accounting, or financial or strategy consulting. An IR manager will need five or so years of experience in lower-level IR positions (or in a corporate IR position), and IR directors need 10 years of private equity or corporate IR experience.

To be a successful IR specialist, you should:

• have strong analytical and quantitative skills
• have good interpersonal skills in order to interact with colleagues from various department and senior management, as well as current and potential investors
• be confident, a self-starter, and have a persuasive personality
• have strong project management skills
• be discrete and able to manage highly confidential and sensitive information
• be familiar with financial statements and the ins and outs of private equity funds
• have the ability to work under pressure
• be able to manage multiple tasks and projects.