Why is everyone here obsessed with exits before they even start their first job? Doesn't anybody actually want to work in Investment Banking? Is anybody concerned that PE compensation may diminish in a prolonged bear market?
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Do a year of banking and come back and tell me what you think. For 95% of analysts, this job ain’t it for the long term
Already feeling the drain
because nerdy ivy kids think kkr solves all of their virginity-related problems. I've never met a non-virgin who used the term "megafund" in my limited experience
honestly never actually heard in actual conversation someone use the terms "elite boutique" or "megafund" besides college freshmen/sophomores
There’s a few hardos that know that BX/KKR is just a job. Kids like that tend to do better cuz they don’t get on the job and get disappointed. I think if ur doing it just for money it’s fine. I’d love to work at a place like KKR for a while, but no girls outside finance will know wtf Goldman TMT or Apollo are. As long as you’re chasing that shit for the right reasons (ie. building wealth for your family and buying stupid shit to have fun in life) and not thinking Henry Kravis is gonna help you get your dick wet I think it’s fine, no?
megafund is my favorite word and I've had sex once so stfu
The only people who stay in banking are those that are neurotic, have no self-respect, extremely risk averse, and love money above almost anything else.
Most people realize money does not come above their health (mental and physical) and relationships with loved ones - both of which will be sacrificed in this job, especially at the analyst level. No one who works in banking long enough and does an ounce of self reflection thinks going to a mega fund will be a step up in lifestyle, however most pe shops aren’t mega funds and generally speaking moving to the buyside is an improvement in lifestyle. Even moreso than banking you have to do your DD as every fund is different. Same with corporate jobs, startups, etc.
Should note that the above comments are applicable to any well known bank. Opportunities exist at more regional banks to have a solid career making below street, but still more than 95% of the country, with reasonable wlb as far as banking goes.
del
Isn't this arguably true about the vast majority of PE roles too? Like.... PE lifestyle is just as shitty you just make more. Especially considering the most saught after funds are all sweatshops.
It'd be one thing if the desired exit ops were like cushy Corp Dev or startup/tech roles, but most of the time people are referring to PE which is just multiplying your grey hairs with also the potential to be capped earlier in terms of your upward mobility.
I've never worked in PE or banking so if I'm wrong here by all means enlighten me. But the broad sentiment from most of my friends who went the traditional IB -> PE route is that they work at most marginally fewer hours for comparable pay to their peers in banking, and it still sucks despite being on the other side of the table, because just like banking your job is to be some VP/Partner's bitch. And most wash out after 2 years just like you do in banking.
As you grow older and make money you realize that if you're not in the minority of people who truly loves PE/dealmaking it just ain't worth throwing the actual parts of your life that you enjoy away for a few extra hundred K. I say this as someone who had a similar realization in a different role.
Now rereading your comment I see you basically said this. In which case I agree.
What do you think people think about at 2 a.m. working on a zero-chance pitchbook?
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