[header] How to work for a private equity firm [title] Meet background check requirements. [step] You need to be able to pass the background checks conducted by potential employers. Background checks are near universal today, and without passing one, you won't be hired, regardless of your education or experience. 
[substeps] Federal government regulations prohibit private equity firms from hiring people with a record of theft, embezzlement or similar crimes. Many firms will be hesitant to hire you if you've declared bankruptcy recently or have substantial debt.