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No it’s probably the same if not worse. You might have a better WLB at a MM but look at other threads about this — PE associates have been getting grinded
Comp is def higher long term than banking tho
Comp is only higher long term if you are at a MF / UMM shop and make it to MD / Partner. The chances of that vs. becoming an IB MD are much smaller given how quick the pyramid narrows in PE and the number of funds that type of comp is limited to. Probability weighted you're probably making more in IB long term.
I earn 600k a year working 40 hours a week in the LMM as a principal. Ya it's better.
How long did it take you to get there?
As long as you're fine sacrificing your social life in your mid/late 20s you'll have a decent WLB after that, assuming you're higher up the ladderSource- my brother is a VP at a MM pe firm
I mean this seems to hold true for a variety of industries, not just banking.
My lifestyle is infinitely better at my LMM than it was in banking. Work ~55h per week outside of times when I have a deal under LOI and make comparable pay in an LCOL city.
No it is not on average though the predictability of your hours is much better. If your weekend is fucked you know it’s fucked a week out versus a fire drill at 5pm blowing up your weekend and having to cancel a shit ton of plans. Sheer workload, pressure and stakes I feel are higher at most PE shops than banking but having more predictable (most of the time predictably bad) hours is more manageable than banking.
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