MM IB vs MM PE vs RB WM

Hey WSO,

The title basically says it all, but I'll go into a little more detail. Due to family connections, I am very fortunate to have the potential to break into IB, PE or WM (wealth management). The IB is MM (top 20 ranking on Vault), the PE is MM (3-4B AUM), and the WM firm is a regional boutique (4-5B AUM). I would be applying to an intern position for each of them, with a goal to receive a FT offer after. Even if I don't enjoy the firm I pick as an intern, I would much rather continue at the firm for 1-2 years and complete my analyst stint before considering a change, as I wouldn't want to make my family look bad after they stuck their necks out to help me.

Now, here's where I need your advice/opinions:

First, exit opps for each path. If I take the PE offer, I might not need to change course, as I'd be right where I want to end up (most likely want to end up in PE/HF). However, will I be missing out on any sort of knowledge/experience by starting in PE as opposed to IB? Also, if I decide I don't like PE and want to transition into IB or HF, is this common/easy? I know starting in IB often allows for an easy transition into PE/HF, so I'm not as concerned there. And as for WM, is the typical path to go WM -> IB -> PE/HF, or can I go straight to PE/HF? I'm open to doing an MBA in a couple years, so if this is a requirement for a transition, I'd be keen.

Second, $$$$$$$$. In the case that I enjoy where I'm at and want to stay, what does compensation look like in terms of starting pay (analyst), associate/post-MBA associate pay, and so on. Also, which of these has the highest earnings potential at the top? Does a top performing wealth manager typically get paid more than a top performing banker or someone in PE?

Third, how little sleep will I be getting at each of these firms? What I mean by this is what do hours typically look like as an analyst and associate in IB, PE and WM? Honestly, working 60 hours vs 80 hours doesn't matter much to me, as I am not the type to get burnt out, but I'm just trying to get a feel for a comparison of the average pay per hour at each of these firms.

Finally, to those of you that have worked in WM/IB/PE, or a combination of them, which did you enjoy the most? How does a typical work day compare for each of them? How was the transition from one area to the next? (WM -> IB, WM -> PE, IB -> PE, PE -> IB, PE-> HF, etc.)

Any and all feedback is appreciated. I'm sure I'm also due for some negativity/hate considering I'm in this fortunate position. Feel free to lay it all on me, be as honest and blunt as you want.