Just gonna say it. Y’all might hate it.
Still in college and looking at all the banking SA to FT to PE shit. Also have a mentor or two that is fully tapped into the buy side career progression. Here is my read:
Every single monkey out here tryna go to EVC, PJT, GS, MOE, MS/GuGgeNhEiM (lol). Then recruit on cycle for PE to go to a MF. All y’all talk abt is comp and exits. Honestly tho, I feel like even if u sell your soul and have zero fucking life (I go to a top public school and am yes in a frat sorry about it) and get to that MF after 2 years in banking, u are then likely to freeze out at VP/director at this MF because the partners there have no incentive to leave until they literally die. You honestly capped your total comp at ~750k and you’re 30-35 at this point. Then what? I feel like if you’re going to work all these hours and learn so much, you’re better off working at a HF where you can use your YoY returns, work to progress up the corporate latter or leave. PE is so relationships based and odds are u have no relationships if you get to that point. Let me hear it. I’m def “based”
I remember my first beer.
this is an incoherent ramble with no purpose
Pretty sure you get carried interest before partner level in PE so comp is higher than what you outlined.
Lots of talk coming from a college kid... just gonna throw out there that your career isn't lateral, money isn't everything, and HF is an extraordinarily stressful career. You can easily get fired for things that are completely out of your control.
There's no right answer. People always post here that X career sucks, Y career is the cheat code. It's not.
OK Prospect
Struck out on 2023 SA recruiting?
Congrats on business frat at IU Kelley
Currently in MF PE. As I got halfway down I was so satisfied that this college kid knows and understands that the golden path really isn't the golden path. He was making a semi-wholesome post telling people not to pursue MF PE. And then he pulled the "HF or corporate" card with those justifications. OP, you are retarded.
Just Gonna Say It. Y’all Might Hate It.
We need to remove the word "based" from our lexicon, it is doing unfathomable damage to today's youth as presented here.
Down bad are we
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