Why does everyone want to get into PE?
(Senior Orangutan, 411
Points)
on 8/14/07 at 3:53am
whats the big deal? can someone fill me in?





PE or Bust
i think most guys left IB after 2 years to get away from the lifestyle of being an analyst. given how busy the PE shops have been in the last year lifestyle hasnt been too great, and unless there is carry, comp is below IB.
uh...find me something
uh...find me something better than PE and we'll talk
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http://www.drmarkklein.blogspot.com/
What are you talking about,
What are you talking about, comp is less than IB? That's the whole reason for doing it, lifestyle is both marginally better (or much better, depending on place) and the pay raise is fantastic.
Pay will vary by shop, but a
Pay varies quite a bit by shop, but a decent rule of thumb would be that people are paid slighly more in PE (excluding carry, since this is not compensation) than they are in IB for a given workload.
Beyond the pay raise, in PE
Beyond the pay raise, in PE you are on analyzing companies from a acquiring perspective, rather than a relationship facilitating angle. Additionally, you are going to ceos and telling them what they need to do. That is pretty baller to me.
PE is superior from an
PE is superior from an experience perspective as the job entails interaction on all phases of the deal from reviewing "teasers" sent by bankers trying to solicit deals, to analyzes OMs, meeting with management, structuring financing, and closing deals, which you have spent months and months working on.
From my 2 years of experience (and I dont work at a huge PE firm like TPG, KKR, etc.) work schedule has been contingent upon deliverables and deal cycles. PE has been "hours of boredom and minutes of sheer terror" or whatever that adage entails.
In IBD facetime is a lot more significant thatn in PE and in PE you are never selling anything or kissing the asses of the deal team (as you do in IBD).
so how do the
so how do the hours/lifestyle compare exactly?
PE is toast. Sorry to ruin
PE is toast. Sorry to ruin the parade guys.
PoppingYourCollar is also a
PoppingYourCollar is also a stupid fad. Sorry to ruin the parade, tool.
cause PE funds hire really
cause PE funds hire really attractive assistants to service you anyway you want..
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I'm making it up as I go along.
hf>pe>>>>>>>>>>>>>>>>>>>>>>M&
hf>pe>>>>>>>>>>>>>>>>>>>>>>M&A
the choice between m&a and hf/pe comes down to:
Are you borderline retarded?
Do you want to be a slave for the rest of your life?
If the answer to both questions is no, you should gtfo of M&A