UBS vs CS PFG Capital Raising - culture & hours?
Curious to know if anyone has worked or interned in either UBS or CS Private Funds Group (PFG). They do private placement/capital raising on both the primary and secondary level. I was curious to know what the hours, lifestyle and culture was like in these groups. Given the longer term nature of PE fundraising, I get the sense these groups don't exactly work traditional banking hours...but maybe I'm wrong.
Appreciate any info or thoughts regarding hours, culture, lifestyle specifically. (...and yes, I realize that fundraising gives you a very different skill set and exit-ops opposed to traditional M&A.)
bump....Anyone?
Girl I know on one of these groups very rarely is in so late that she stays for dinner (London). Definitely lower calibre work / people though in long run
yes, I get the sense that private placement fundraises are more of a marathon than a race, typically taking 6-18 months to close a fund - so better hours are expected. People still seem to come from same elite feeder schools, perhaps some with more exotic undergrad majors.
When I was at one of the aforementioned banks I knew a few people in PFG. The lifestyle was much better but the skill set is not suitable for exiting into PE as an investment associate. However, people did exit to Investor Services/ Capital Raising at some of the bigger and more prestigious HF/PE shops. People also pivoted to industry or other product groups at the bank from time to time. Pay was also very good from what I heard from a few analysts.
In-house IR/capital raising for a PE firm seems to be a natural transition, I've also learned about some getting exit opps into secondary, co-investment, family office, SWF investment roles...anything non-direct, where another firm is doing the heavy lifting on the investment underwriting and deal structuring.
At my MM PPG works same hours with same pay as the other banking groups.
bump - can anyone shed light on the work culture and hours, etc. with respect to PFG for analyst/associates? A gross range of hours on avg per wk and intensity level?
bump
bump...
what can one expect from a PFG interview?
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