Has anyone ever drop out of college to join a PE firm?

Where the fuck do these kids come from....

Bud chill out.

This year, there are many undergrad kids who did SA gig in KKR/Carlyle/BX/Apollo/TPG/PEP/Bain/Cerberus/Warbug Pincus/THS.

artmonkey:

Has anyone ever drop out of college (Wharton/Harvard/Princeton/MIT/Yale) early to work in a top five private equity firm? Is it worth it? Discuss advantages/disadvantages. Thanks

I have never heard of it. Why would you?

Because one of my friend is tired of college and person is contemplating to drop out early from the college. The person thinks that it is waste of time to be in college, as faculty do not teach much about the real world anyway. Friend is considering it. However, I think it is far better to graduate with a degree as one can put on the resume.

hahahahahaah

Simply to make $$$$$$$$$. Receive the benefits due to $$$$$$$$.

Its obvious that you're talking about yourself, stop this "my friend" garbage.

Not finishing your degree is not the smartest idea. you will be working till you are 65-70, not till you are 30. You never know what will happen in the next few decades. If you have a college education, you have something to fall back on. I'd strongly suggest finishing college, after that be as risky as you want.

Why the fuck would a top PE shop hire some shithead pimply faced kid who interned at a PE shop for 10 weeks and now thinks he's too good for college?

If you think you're so smart that you're not going to get anything out of college you're in for a rude awakening.

Being "tired of college" is not a very good reason to drop out. You don't have any backups besides somehow getting into a PE shop - if college graduated, from the top schools you listed can't get work in most of them right now, what chance would you, or your friend have coming from there with half the credits and no degree. Honestly, it doesn't make sense. If you wanted to jump into some sort of start-up venture where time was of the essence and for some reason there was no way to go to school PT even, then you'd maybe have a case. But if you are interested in IB or PE, you better get yourself a degree.

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yea i actually dropped out of school and am doing quite well. i opened up a shoe store where i sell only square-toe shoes. i was also recently bought out by a PE shop. life is so good.

i know of someone who did this, a trust fund baby.

he got all the way up to his junior year at an ivy being pre-med. he decided to take a semester off and intern for a PE shop where his Dad is a principal. decided he liked finance and ended up becoming an "analyst" at this fund. he worked for the rest of the year, decided to take part time classes in Finance/Accounting/Econ. After working for full time for two years, he finished up his last few classes and graduated. Then he joined a hedge fund.

but no, i have not heard of anyone who fully dropped out of college and joined a top 5 private equity fund. then again, if your grandfather is henry kravis or warren buffett, then the rules don't apply to you.

I'm making it up as I go along.

The only guy I ever heard of who did this was George Bush's personal assistant, Blake Gottesman, he didn't finish undergrad, got into HBS, and then went to work for Berkshire Partners:

http://www.berkshirepartners.com/bio_gottesman.shtml