Apr 04, 2023

I worked at one of major PC sweatshops and left to strong but slightly less sweaty of a shop, 100hr weeks weren't out of the norm. Couldn't be happier with my decision, was ready to leave finance forever.


MFPC definitely pays above IB and on par with MFPE in the most part in junior levels – more upside potential in PE likely increases comp (Carry) for MFPE senior levels than MFPC. Not sure for independent credit shops


The problem with PC is the good shops will typically have bad hours. Either through volume or diligence. You can coast at a middle of the pack to bottom tier lender but at some cost to your career as you look to advance but luckily tailwinds are still good for the asset class so might not be an issue.


Would you be willing to share the name of your firm? And do these chill hours apply to junior employees like An 1s straight out of undergrad?


Analyst 3+ in IB - CB

Have been in PC for 5 years and never worked more than 80 hours, usually 45-55. Y'all doing it wrong lol 

Same here. Typical week is 45-50 hours and maybe 60+ when working on a new deal(s).

"Give me a fucking beer", Anonymous Genius

there was a post here last year about how PC were averaging 40hrs. absolutely hilarious. deal pipeline must have been so weak. 

for those spending under 80hrs a week working (and reading up also counts as working im sorry to tell you), how much time do you spend prepping for IC? model. paper etc


Deal flow still slow but much better than last year. Ebbs and flows. Can have weeks with absolutely nothing and weeks that I’m busy. Nowhere near being crushed though. Probably


At a PC firm with >$15bn AUM and look at most things - typical hours if I'm closing 1-3 deals for the month is 60-70/wk, very rare I work past 12am. That said, we are too top heavy as a few juniors left for PE and IB(?).


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