Stephen Murray worked very hard to get where he is today. He has reached the top of the financial world because of his determination and excellence when it comes to investing. He did not have the help getting started that many successful people do. For example, he did not come from a wealthy family. Read more: Former CCMP CEO Stephen Murray Dies at 52
His family did not have connections to get him accepted into great colleges. He also did not have a great job already lined up for him after he graduated college. He had to earn entry into Boston College and Columbia University by being an outstanding student and studying hard. He became a success in the financial world by working long hours and making himself invaluable to all of his various employers over the years.
Stephen Murray has a bachelor’s degree in economics from Boston College and a master’s degree in business administration from the Columbia School of Business. These academic credentials understandably opened up many doors for him in the business world.
Stephen Murray had many job opportunities offered to him after he finished his MBA. He decided that he wanted to pursue a career in the financial world. This was because he believed his particular talents were ideally suited for many different jobs within that particular industry. He entered the training program of a company called Manufacturers Hanover Corporation. He was taught many important things that he would use later on when he was working at other companies.
The MH Equity Corporation was Stephen Murray’s next stop on his path to success. This was the first time he was able to actually work on a daily basis in the field that would eventually make him famous. Manufacturers Hanover Corporation was purchased in 1991 by Chemical Bank.
This meant that Murray had several new bosses that he needed to create relationships with. There were many employees of the old regime who were laid off as a result of the change in ownership. However, Murray was able to survive the purge by demonstrating skills that impressed bank execs.
Stephen Murray is best known for being one of the people who was intimately involved in the creation of a private equity company called CCMP Capital. It was under Murray’s leadership that this company became a giant in the private equity industry. He was able to get the company financed through JP Morgan Chase. This was the company that Murray was working for when he created CCMP Capital.