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SPOTLIGHT: Private Iniquity Rules and FAQsThe goal of Wall Street Oasis' Private Iniquity is to give our users the best possible snapshot of life in private equity, from internships and recruiting to compensation and career progression. Working towards that goal, we've created a Frequently Asked Questions page for Wall Street in general, as...
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M5 MBA IB Associate exit opportunities to PEHello Everyone, For someone with no pre-MBA IBD experience, I will soon attend one of the M5 MBA's and I am pretty sure to land a job as an IBD associate. The biggest issue I have is that my dream is to work in PE but of course it's an uphill battle trying to break in post-MBA and after experience i...
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M5 MBA IB Associate exit opportunities to PEHello Everyone, For someone with no pre-MBA IBD experience, I will soon attend one of the M5 MBA's and I am pretty sure to land a job as an IBD associate. The biggest issue I have is that my dream is to work in PE but of course it's an uphill battle trying to break in post-MBA and after experience i...
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Jumping from Late Stage Startup to PE?Hi all, I'm in a finance / corporate development role at a late-stage startup and am considering attempting to jump to PE - does anyone have insight into how feasible this would be and / or how my experience would be perceived? For context, I've been at the start-up for two years and worked at a MM ...
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Horrid Boss gets a smack in the mouthToday, after 19 consecutive days of horrific abuse, I let my boss really f*cking have it. Background: I'm currently an MSc Economics student in the UK. Two days a week I work at a very well known PE shop in London. I was a Summer intern there last year and I've been keeping the gig up part time whil...
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direct lending vs. corporate bankingHi All, this question may sound a bit stupid, but i was wondering what's the difference between direct lending and (potentially credit investment) and corporate banking? I'm in European and direct lending business is rising here to bridge the gap on bank's restrictions on lending. Many large PE has...
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Schwarzman advises waiting before starting own firm (article is from months ago, but interesting)If this has already been talked about here, then I apologize, but I don't see anything about it on old WSO threads and I thought this was interesting: https://www.pehub.com/2015/02/blackstones-schwarzm... "The biggest mistakes I've seen people make in their careers is, when they're good, after two...
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Third Round Interview - NEED HELP!I had two round of interviews with a company while still being employed, however in between the second round and the third round I had quit my job. I now have my third round interview where I will be meeting some people that are pretty high up in the company. I'm wondering if I should disclose that ...
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Carry not in writingDoes anybody understand the taxation of carried interest in the UK? Recently I have been discussing an offer of a token amount of carry with a mid market PE fund but they have said they will not put this in writing immediately for "tax reasons". They are a reputable/straight forward/trustworthy but ...
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Business School or Straight to PE from Elite BoutiqueI am beginning my second year at an elite boutique investment bank and have a kind of unique situation in terms of career trajectory that I would like input on. The Situation: When I was in college I was accepted to a top 3 business school on a non-binding deferred admission program that gives me ...
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Pay for Sector Focused PE firms vs. BankingPay for Sector Focused PE firms vs. Banking Hi guys - is it typical for Sector Focused PE firms (mixed bag of growth equity/VC fund making $50-$150M investments) that are NOT BX, TPG, KKR, etc. to pay significantly down compared to banking (all-in)? One of the key factors I think that drive people ...
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Differences between BainCap vs. KKR vs. Advent vs. BC PartnersHello PE wizards, As much as I searched on the web, I am really struggling to come up with a clear answer to the question "why us?" while preparing for upcoming PE interviews. Anyone could detail features of these PE firms and what differentiates them (possibly focus on EMEA/ London)? Thank you all!...
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Fund of Funds (FOF) return on investmentHi all, Recently looking at an opportunity at an Asian FOF. The fund size is still small at the moment, but total firm AUM is 1 billion+. Have a few question on the sector, as I am relatively new to the industry. What is the typical return target for a PE FOF these days? I.e. range of investment t...
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Non-Compete Agreement?Has anyone been required to sign a non-compete for a post-MBA Sr. Associate/VP position? Basically the agreement would not let me join a similar PE firm or any company remotely related to any portfolio companies for a significant period of time post-employment. Is this market? ...
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Battery VenturesHello, I have searched the forums however found little information (or it was old) on Battery Ventures. Can anyone with close insight/knowledge tell me more about the private equity group ? How is compensation/responsibilities/hours/interview process? Thanks! ...
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2nd PE Associate Gig Background - rounding out my 1st year of an associate gig at a MM PE firm (non-NYC), with a looming end in sight for my contract next summer. Not terribly interested in getting my MBA, but would like to stay in PE. I haven't brought up getting promoted with my current employer, as I've only been ...
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Venture Capital vs Growth Equity vs Private Equity work/life balanceHi, My question is pretty simple: I'm willing to work in a venture capital/growth equity/private equity firm but I'd like to have a life too. What are the average working hours in each of these sectors ? What's the best for the work/life balance ? Thanks in advance for sharing your experience! ...
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How to become irreplacable?WSO, I'm in need of some advice. This summer, (3/4 through my UG) I've spent a considerable amount of time networking to set myself up with a position I'll be happy at, following my graduation. One lead panned out particularly well, and I landed myself a position this summer, working directly und...
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PE house (family owned and sharia compliant) or Investment Banking (deal side)Hi guys, I am in a dilemma, choosing between an internship at private equity house or an investment bank that is BB (equivalent to HSBC). I am 20 years old doing a degree in Economics. I've asked friends and family to which they said the bigger the organisation the better for cred on CV! However, a ...
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Big 4 M&A Tax to PE?I joined an M&A tax group at a Big 4 some yrs ago, and went to first-tier bba and law school, and have nyu tax llm. lots of the work i've done is with big-name PE, and I'm thinking about my exit ops in the next few yrs. i hesitate talking to my coworkers as it's a competitive group and the last ...
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Chartered Alternative Investment Analyst content APPCurrently studying for CAIA Level 1 in September. Have been using 'Brainscape' app for a while and decided to create some alternative investment content for it. In case you want to broaden your knowledge of alternative investing or are studying for CAIA Level 1 download 'Brainscape' and PM me and I ...
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Salary for regional PE in Asia straight from Undergrad.Can anyone give me an estimate? I may have the opportunity to do this straight from undergrad and if so I plan on taking it... ...
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buyside recruitment modeling testI am currently an incoming BB IBD analyst. Understand that PE process could kick start as early as this Dec, I wonder if anyone could shed some light on the modeling test? Specifically, I heard that the key is not being able to complete the short form LBO, which is not really that challenging by its...
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Work at lower-mm firm but working on mega fund size dealI work at a lower-mm PE firm, leaving for b-school in August. I'm looking to move up market and know that's tough to do especially to mega fund if you haven't already worked there or comparable firm. However, one of our larger investors is working on an acquisition that we're helping him out with,...
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