Latest on Warburg Pincus London
What's the latest on Warburg Pincus in London in terms of investment strategy, culture, performance, WLB and comp? Thankful for any input!
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Sweatshop with horrible culture. I have a close friend who used to work there, and the amount of horrible things he used to tell us re the culture is unbelievable
Churn at the junior level is super high because of this. 3+ associates left after 6 months from joining (yes this is true, look it up)
you'll look at both growth and buyout deals, but depends on the team (tech will be more growth oriented)
The exposure to both buyout/growth deals is good, but because you look at both you won't be as good as a pure buyout fund or a pure GE fund
Performance has been mediocre, but pay at the junior level is good for London
recently i've heard they have started being assholes in interviews too, to the point where the interview is straight up insulting for the candidate
People usually do it for 2 years and gtfo
Thanks a lot, incredibly helpful. Do you know why WLB is so bad and in what sense culture is horrible?
This is correct
Where do these people go after 2 years
Didn’t their office head leave recently?
Setting up Elliott’s PE strategy
That’s years ago no? Talking 2 months ago
Bump
Any insight into the FIG and cap solutions teams specifically and how they recruit ?
Any further insights like who their recruiter is ?
Only an intern would read all this negativity on a firm and still want to recruit for them, LOL.
He is still smarter than you, abuse is everywhere in this industry, I will happily take one with a brand name so I can leverage it later in life (while may be getting paid)
Fair point and I've done the same. Currently an analyst at GS where I'm getting totally crushed. My point is that most interns who land at places with shit culture and shit hours didn't know about it before. They applied online and thought everyone was super nice during the interviews. Then they find out later that it was actually a total sweatshop with horrible culture.
However, it's quite rare to get such a reaction when you have a lot of people saying it is a total sweatshop, culture is trash and people who sustained several years working 100+ hour weeks at GS/MS/JPM couldn't stand 6 months at that place. Only a naive intern at big 4 would think that he will have a much better experience and ask "how can I get a position at this place?"...
Glad to know I am not the only one of my class that thinks it’s crazy - how is recruiting going?
Very shortsighted if your goal is to stay in PE
Know that they tried to recruit an analyst last fall - not sure if they ended up hiring anyone.
As in straight from undergrad or after a few months of banking?
According to the HH, the process was aimed at undergrads with prior PE or banking internships.
woow, im surprised, with no relevant experience / banking internships, they're the minimum at least
Also heard horrible things about their culture in London.
I know people from top IB groups who left Warburg London after <1 year to another PE/Growth shop because of this.
Thanks for sharing. Usually, you will have at least some mixed reviews but it seems on WP everything is super negative from everyone...
What makes the culture so problematic? Genuinely interested to hear why it’s so rough
Bump
Can confirm. WP London office is complete meat grinder. Absolute sweatshop even as you get more senior - so no light at the end of the tunnel.
Do you know why this is the case? Lean team / shitty seniors / very deep in-house DD / bad culture or what's the cause?
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