ICONIQ Capital Overview
ICONIQ Capital is a wealth management and investment firm which serves as a family office and financial advisor to some of the world’s most influential individuals, families, and organizations. Many of which are involved in Silicon Valley tech scenes as well as in Hollywood.
According to Business Insider and Forbes, ICONIQ Capital has worked with the following personalities:
- Mark Zuckerberg – Facebook founder and CEO
- Sheryl Sandberg – Facebook COO
- Jack Dorsey – Twitter, Square CEO
- Jeff Weiner – LinkedIn executive chairman
- Diane Greene – VMWare cofounder, ex-Google Cloud CTO
The firm manages direct investments where traditional asset classes and technology intersect with a focus on buyout, technology growth equity, and real estate.
Previously, ICONIQ Capital only participated in venture capital investments in startups. But as time went on, they expanded into investments related to real estate and private equity.
Chad Boeding, Divesh Makan, and Michael Anders founded ICONIQ Capital in 2011. The firm’s headquarters is located in San Francisco, California.
ICONIQ Capital AUM
ICONIQ Capital manages $77.2 billion of assets as of March 29, 2023 according to the most recent regulatory filings.
ICONIQ Capital Interview Process & Questions
Firms can always make adjustments in their interview process with each candidate. However, some of the general nature of the process stays the same for ICONIQ Capital (or a firm like it)
- The interview process will consist of 4 to 6 rounds of interviews.
- Junior investment professionals or the HR team tend to supervise the initial rounds, while more senior staff handle the later rounds.
- Unless it’s “on-cycle” or “on-campus” recruiting, the entire interview process can take several weeks to conclude.
Interviews at ICONIQ Capital will have you answer a combination of fit questions, behavioral questions, and technical / investing questions.
To better prepare for interviews, check out my Growth Equity Interview Guide.
Why ICONIQ Capital
The most common question you’ll encounter during interviews is “Why this firm?”
Interviewers like to ask this question because they want to check if you’ve done some research and if you have specific reasons why you decided to join their team.
If you’ve done networking, this is the right time to mention whoever you’ve met at the firm and how their insights compelled you to apply at the firm.
Also, take some time to learn more about the firm. To do this, I suggest listening to interviews with its founders, investors, and management team.
You can start with this great interview with Elodie Dupuy, Principal of ICONIQ Capital:
- Interview with Ritika Pai, Investor at ICONIQ Capital
- Fireside chat with Elodie Dupuy, Principal at ICONIQ Capital
STEP-BY-STEP ONLINE COURSE
Everything You Need to Master Growth Equity Interviews
ICONIQ Capital Case Study
Interviewees are almost always required to perform a case study during interviews. Case studies is a means to evaluate the candidate’s technical knowledge and communication skills.
Most case studies at firms like ICONIQ Capital will require you to conduct financial modeling and investment recommendations. However, cold calling case studies can be included in the process for junior roles.
Check out my in-depth discussion of case studies inside my Growth Equity Interview Guide.
ICONIQ Capital Salary & Compensation
Analysts at ICONIQ Capital can earn an estimated total pay of $140,068 per year, while Associates make around $149,896 per year according to Glassdoor. These numbers represent the median, and can still vary depending on your experience, qualifications, and performance.
Recent analysts at ICONIQ Capital have earned salaries of $90,000 per year as per other publicly available data, while there is no recent data for associate hires.
ICONIQ Capital Careers, Jobs, & Internships
Head over to our job board to see open roles at ICONIQ Capital. We also feature job vacancies from other similar firms.
ICONIQ Capital Portfolio & Investments
According to Crunchbase, ICONIQ Capital has made 52 investments and operates four funds since inception. Some of their notable deals include Collibra, Hometap, and Zetwerk
Notable Transaction: Madison Realty Capital
Madison Realty Capital is a vertically integrated private equity in real estate industry which focuses on debt and equity investment strategies, and also one of the fastest-growing and most active finance players in real estate.
On June 1, 2022, ICONIQ Capital made a strategic minority investment to Madison Realty Capital to help the company advance its long-term success. The terms of the transaction were not disclosed.
Madison Realty Capital used the funding to grow their global network of institutional relationships, develop and improve products, and build a team of top talents.
At the same time, Madison plans to keep their investment process, day-to-day operations, and management system.
ICONIQ Capital can provide an exciting career in finance to committed professionals. If you want to land a role at their firm, or any similar firms, make sure to check out my Growth Equity Interview Guide.
Inside this self-paced online course, you’ll find step-by-step lessons on the topics that firms like to go over during interviews such as case studies, valuation, financial modeling, and many more. The course also provides expert tips, mental models, and frameworks which are definitely helpful when answering interview questions under pressure.
Get the course today and maximize your chances of landing a role in finance.