2/15/11

Wondering about this. Is it just the prestige/pay? Seems like your experience would be quite limited at megafunds (type of work similar to banking, just modelling focused). Why don't more people pursue MM -- especially if it is less competitive?

Moderator note: This has turned into one of the most candid conversations about what working in PE is actually like that we've had on the site in a long time.

Comments (171)

Best Response
2/15/11

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- Capt K -
"Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham

The WSO Advantage - Private Equity

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2/10/11
2/11/11
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In reply to surferdude867
2/13/11
In reply to lurker22
2/14/11
In reply to TheKing
2/14/11
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In reply to apprentice7697
2/14/11

There have been many great comebacks throughout history. Jesus was dead but then came back as an all-powerful God-Zombie.

In reply to SaberRider
2/14/11
2/14/11
In reply to jimbrowngoU
2/15/11
2/15/11
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In reply to jimbrowngoU
2/15/11
2/15/11
In reply to Kenny_Powers_CFA
2/15/11

Hi, Eric Stratton, rush chairman, damn glad to meet you.

In reply to Otter.
2/15/11
2/15/11
2/15/11
In reply to HFFBALLfan123
2/15/11
2/15/11
2/15/11
2/15/11
In reply to Inept Speculator
2/15/11

- Capt K -
"Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham

In reply to bankbank
2/15/11

Wall Street leaders now understand that they made a mistake, one born of their innocent and trusting nature. They trusted ordinary Americans to behave more responsibly than they themselves ever would, and these ordinary Americans betrayed their trust.

2/15/11
2/15/11
2/15/11

There have been many great comebacks throughout history. Jesus was dead but then came back as an all-powerful God-Zombie.

2/15/11

Most people do things to add days to their life. I do things to add life to my days.

Browse my blog as a WSO contributing author

2/15/11
2/15/11

There have been many great comebacks throughout history. Jesus was dead but then came back as an all-powerful God-Zombie.

2/15/11
2/15/11
2/15/11

Get busy living

2/15/11

People like Coldplay and voted for the Nazis, you can't trust people Jeremy

2/15/11
2/15/11
2/15/11

Consultant to a Fortune 50 Company

2/15/11
In reply to alexpasch
2/15/11

The WSO Advantage - Private Equity

PE Interview Prep Pack

9 LBO Tests, Get an Edge, 200pgs+

Resume Help from Actual PE Pros

Land More PE Interviews.

2/15/11
In reply to rebelcross
2/15/11

Consultant to a Fortune 50 Company

2/15/11

Leadership can be defined in two words: "Follow Me"

2/15/11
2/15/11
In reply to alexpasch
2/15/11
2/15/11
2/15/11

fdba Emory Blaine and BBA or otherwise trying to find the perfect pseudonym.

In reply to TheBenevolent
2/15/11

Consultant to a Fortune 50 Company

In reply to rebelcross
2/15/11

Consultant to a Fortune 50 Company

2/15/11

Consultant to a Fortune 50 Company

In reply to alexpasch
2/15/11

The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee

WSO is not your personal search function.

2/15/11
2/16/11
In reply to Walkerr
2/16/11

Consultant to a Fortune 50 Company

In reply to alexpasch
2/16/11
In reply to alexpasch
2/16/11
In reply to samoanboy
2/16/11
In reply to alexpasch
2/16/11
2/16/11
2/16/11
In reply to LBO2
2/16/11
In reply to bankbank
2/16/11
In reply to rebelcross
2/16/11

"Jesus, he's like a gremlin; comes with instructions and shit"

In reply to samoanboy
2/16/11
2/16/11
2/16/11
In reply to barkatthemoon
2/16/11

The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee

WSO is not your personal search function.

2/16/11

There have been many great comebacks throughout history. Jesus was dead but then came back as an all-powerful God-Zombie.

2/16/11
2/16/11
2/16/11

There have been many great comebacks throughout history. Jesus was dead but then came back as an all-powerful God-Zombie.

In reply to TheKing
2/16/11
2/16/11
2/16/11
2/16/11
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In reply to TheBenevolent
2/16/11
2/16/11
In reply to junkbondswap
2/16/11

The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee

WSO is not your personal search function.

2/16/11
In reply to junkbondswap
2/16/11

CompBanker

2/17/11
In reply to alexpasch
2/17/11

Most people do things to add days to their life. I do things to add life to my days.

Browse my blog as a WSO contributing author

In reply to junkbondswap
2/17/11

Consultant to a Fortune 50 Company

In reply to labanker
2/17/11

Consultant to a Fortune 50 Company

In reply to junkbondswap
2/17/11

Consultant to a Fortune 50 Company

2/18/11

There have been many great comebacks throughout history. Jesus was dead but then came back as an all-powerful God-Zombie.

2/18/11
2/18/11

There have been many great comebacks throughout history. Jesus was dead but then came back as an all-powerful God-Zombie.

In reply to HFFBALLfan123
2/18/11
2/19/11
2/20/11
In reply to fomc
2/22/11
2/23/11
2/23/11
2/23/11
In reply to jimbrowngoU
2/23/11

fdba Emory Blaine and BBA or otherwise trying to find the perfect pseudonym.

2/23/11
2/23/11
In reply to Playingbyear
2/23/11

fdba Emory Blaine and BBA or otherwise trying to find the perfect pseudonym.

2/23/11
In reply to jimbrowngoU
2/23/11
In reply to jimbrowngoU
2/24/11
2/24/11
2/24/11
In reply to Glabibou
2/24/11

- Capt K -
"Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham

2/26/11
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3/9/11

"It's a little like wrestling a gorilla. You don't quit when you're tired you quit when the gorilla is tired"
-Robert Strauss

3/14/11
In reply to directionallyright
3/14/11

fdba Emory Blaine and BBA or otherwise trying to find the perfect pseudonym.

8/2/11

Most people do things to add days to their life. I do things to add life to my days.

Browse my blog as a WSO contributing author

8/3/11
8/4/11
8/12/11
8/22/11
8/22/11

There have been many great comebacks throughout history. Jesus was dead but then came back as an all-powerful God-Zombie.

In reply to Kenny_Powers_CFA
9/4/11
9/16/11
In reply to KPham
9/16/11

- Capt K -
"Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham

9/19/11
  • SpencerMakesBank
  •  9/21/11
In reply to SpencerMakesBank
9/21/11

- Capt K -
"Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham

10/11/11
10/11/11
6/12/12
In reply to jimbrowngoU
6/12/12
In reply to mokey1234
6/13/12

"The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so."
- Ronald Reagan

1/3/13

"When you stop striving for perfection, you might as well be dead."

In reply to TheKing
1/3/13
1/3/13

"When you stop striving for perfection, you might as well be dead."

In reply to Bullet-Tooth Tony
1/3/13
In reply to TheKing
1/7/13

"The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so."
- Ronald Reagan

In reply to cphbravo96
1/7/13
In reply to TheKing
1/10/13
1/17/13
1/23/13
6/17/13

I don't throw darts at a board. I bet on sure things. Read Sun-tzu, The Art of War. Every battle is won before it is ever fought- GG

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In reply to Khayembii
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In reply to TheKing
3/29/16

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