I work in a private equity due diligence group and I am wondering if I'm underpaid. I want to end up in the private direct investments space anyway so I am wondering if I should just take an L for my first year and switch to banking. My roommate works in DCM at a BB and works ~60 per week. I realize DCM isn't M&A or Advisory, but it nonetheless made me consider whether I have a better, similar, or worse lifestyle than most bankers.
Generally speaking, I get to work at 9, and leave anywhere from 10 to 1, and work for a few hours after I leave. For example, If I leave at 10, I go to the gym until 11, and work from home until 2. If I have critical doctors appointments or have to meet with a headhunter, I can leave without explanation. I work a few hours Sunday night.
All in all, I work about 14 solid hours a day during 17 waking hours M-Th for a total of 56h M-Th, another 9h on Friday bringing me to 65, and then 5h on Sunday going to 70h total. On weeks before our clients have to put in a bid, that number goes to 75h total, 80 on very rare occasions.
How does this stack up? Are BB worse but MM better? Can anyone shed some insight? Thank you.
Also, I know it's not harder, that's a bit of clickbait to get some responses, but looking for any qualitative comparisons to how the lifesetyle is different (e.g. you still work till 2 but have to work from the office unlike being able to go home in consulting)
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