Sorry if this is repetitive, but the answers I have gleaned from Search have been scattershot.
I'd like to know how the stress levels compare between IBD and PE on a daily basis. Also, within the PE firms, do some have a worse reputation in slamming their junior people than others?
I did SA in IBD when I was in college, doing consulting at a sub-MBB right now, and thinking of switching into PE.
| +119 | PE Firms with Gentrification Strategy | 35 | 1d | |
| +87 | Vista vs Thoma Bravo | 40 | 16h | |
| +52 | Is HBS / Wharton MBA / Stanford GSB worth it? | 23 | 3d | |
| +43 | I discovered my personal boundaries | 17 | 14h | |
| +38 | What is Synthetic PIK??? | 41 | 4s | |
| +28 | Is PE a career for the uninspired, unambitious, and untalented? | 8 | 2d | |
| +26 | Private Equity in Japan | 10 | 15h | |
| +24 | Sold two Software Companies, PE possible? | 5 | 5d | |
| +23 | MS M&A/MC/Menlo vs MF PE Analyst | 27 | 1d | |
| +22 | Where to invest - restrictions in IBD/PE | 5 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Stress levels don't even come close. PE has far, far, far less stress than banking. You don't report to any clients, so if you miss a deadline, it is hardly a problem - you just push back the deadline.
Of course, maybe that's just my shop. The megefunds and large cap shops may have very different cultures.
Where do you work, if I may be so bold to ask? Low stress sounds like a definite selling/applying point.
MM PE
I actually disagree with CompBanker. While the stress of working endless hours perfecting a pitchbook for the morning meeting is "stressful", having to prepare an analysis and answer actual questions to people with real money ridding on your analysis is more "stressful" in my opinion. I've never taken a shot before walking into the Monday Meeting when I was a banker....
I suppose it is all relative, but I tend to agree with CompBanker on this. Granted I work at a small boutique PE shop, and I handle stress pretty well, but one of the first phrases I learned when I started this job was "pushed back". Everything gets pushed back and rearranged/rescheduled. Sometimes I've responded to emails that got buried in the inbox and that were weeks old and the bankers are usually apologetic about not reaching back out or updating me, when clearly it was a result of my busy schedule, not theirs. If someone finds PE more stressful, that is probably more a function of their personality than the job requirements.
Regards
Correct me if I'm wrong, but you never worked in banking and you work for a very small PE shop, directly out of undergrad, right?
PE is inheirantly a more stressful environment. It is a basic principal. If someone has their own jack on the line, their own reputation with every decision, it will create a more stressful environment. If you view stress as banging out a powerpoint deck with perfect formatting, you have not yet felt real stress. Trying making the wrong call on an investment which costs everyone around the table an amount equal to a new house.
Dolores a earum necessitatibus quod eum. Necessitatibus itaque eligendi minus. Illum voluptates voluptatem amet in non sunt. Voluptatem inventore in iste explicabo.
Autem voluptas neque vero officiis veritatis est. Et ab nostrum sit. Autem odit et quas. Aliquam animi voluptatem autem aperiam et. Autem quas ea labore vel atque voluptatum.
Cum iusto dolorem quibusdam eum tempora error natus. Sunt excepturi et iusto voluptatibus et labore fugit. Fuga iure mollitia magni ratione. Ipsam sit fuga enim tenetur quia modi aut officia. Quasi est maxime sit sapiente repellat libero. Unde unde eum labore consectetur et beatae molestias. Est consequatur distinctio quis rerum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...