Need Good IB Exit Opportunities with Max Pay with Min Hours
I have accepted an offer from an MM IB shop in NYC. Its a solid place to work and I definitely think I could do it for a year or two. I'm sure I want to exit after that though and I'm not sure PE is for me because it does not seem like the hours get a whole lot better and I want to have lots of time to work on the things I'm passionate about. I've read that venture capital could be a little better hours, and Corporate Finance seems like it would be, but are there any other exit opps I should be looking at? It would be sick to work like 45ish hours a week and make like 150kish with bonus. Thanks.
Don’t we all kiddo
Private credit / direct lending shops. 50-60 hour weeks usually, and only slightly less pay compared to ib, although it could pay more potentially as well
Anything buyside but not pure buyouts at a UMM PE or MF PE would work.
Some chiller MM / LMM PE, PE at a SWF / pension, PE co-investments, primary funds, secondaries, private credit, corp. dev, ECM / DCM banking, some MM and LMM growth and VC, public equities - lots of places to choose from that are less hours than traditional banking and in the long run, equal pay / slight pay cut / meaningful pay cut but still solid 6 figures with more WLB
Secondaries. My heaviest weeks are 65-70 max. Usually 45-55 otherwise. It’s the ultimate exit imo. Pay is below buyout but still good. My personal setup is weighted more to carry than bonus.
Hey, I want to learn more about secondaries, but googling it brings up a lot of results. Know any good 101 resources out there, please
Look up GP-led, LP-led, and direct secondaries. You’ll get more relevant results. Read articles in CIO or Institutional Investor. There’s also PEI Secondaries, SecondaryLink, and other news sites. Also Hiive posts a decent amount on LinkedIn if you’re into direct secondaries. It is pretty niche so you need to look up the right things. CAIA has some resources too.
What’s pay like? 80% of traditional PE?
Still outsized potential for lifetime earnings if you have a long career in it?
IB VP at a chill group. I work like 50-60 hours a week, sometimes like 40,
MM?
What type of firm and city?
Get in line
tmt stratup 100%
Secondaries
Private credit. Similar comp to PE, until you get into carry. Better hours. Some firms can probably still be tough depending on strategy.
Isn’t that like looking for a drug that feels super good, doesn’t have any side effects and isn’t addictive?
Sex
I'd be happy to give you suggestions, as long as you don't follow anything I say
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