What percent of MF associates make VP
How much is burnout/different focus and how much is churn?
if it’s so hard to make VP, why go from IB?
Trending Content
Career Resources
WSO Free Modeling Series - Now Open Through
April 30, 2024
9 Free Financial Modeling Lessons
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.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
15-20%
so where do all those ppl go? And how much if that churn is people choosing not to continue?
smaller funds, hf, corporate, mba
Agree - I work at a bank that's closer to bottom of top 10 vs top and so not a ton of MF exits....but still have not seen an analyst yet that used to work for me make VP at the same firm they exited. A shockingly low number of prospective PE associate understand the odds they face but most people are programmed to believe they're likely to be a top performer.
Hence why I actively encourage analysts to pursue what they find genuine interest in, not chase a seat for “prestige”. When you care about the work you do, it makes it monumentally easier to find yourself in that 15%-20% because it will show in your product. This only becomes more true the more senior you get. Partners across each group at a reputable shop will likely be pulling down very similar comp, so find what you love and do it well. That’s the key, not “optimizing” for anything else.
What % of associates make VP among those that want to?
That is the real question. At my firm, pretty much anyone that wants it makes it. It is just that a strong majority don't want to stay in finance for more than 4 years as they value both their waist and hairline. I, for one, am also pretty fond of my hair...
Out of the 9 people in my analyst class that went into PE 3 remain at SVP level. Out of the other 6, 1 turned down a VP promote and another 2 took the hedge fund route off their own accord and are still into. So I'd say 3/5-6 who wanted to stay in PE, stayed
Out of 9 people in my associate class in PE, 2 are at the principal level at the same firm. 5 are VPs/Principals at other firms (would characterize each of them as peer firms), 1 is at an equivalent seat at a hedge fund, and 1 split off to do something entrepreneurial (fundless sponsor). Of the 7 that went elsewhere, 2 had the option to stay on post-associate.
Iusto voluptatem est voluptatem magnam et. Cumque voluptatum nihil a accusantium omnis. Vitae officia autem quo veritatis provident harum distinctio fuga. Delectus deserunt cumque doloribus iste distinctio. Et temporibus distinctio illum quis voluptas laudantium. Amet officiis nobis delectus similique placeat necessitatibus.
Sunt distinctio a id tempora est minima eos. Non ipsa neque veniam. Nobis culpa at est sint perferendis. Sunt in aut ullam inventore quaerat in. Officia molestias maiores inventore ex. Adipisci adipisci non vel perspiciatis.
Est minus occaecati qui repellat ut quasi. A molestias dolor quis deleniti necessitatibus eum. Nulla veniam molestias assumenda doloribus iusto rerum omnis.
Accusantium doloremque aut voluptatem ea. Est quam non optio voluptatem fuga adipisci esse.
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...