6 Comments
 

Training that comes from bigger institutions, a name on your resume, and a mentorship structure that holds your hand for a while before you go to PE where you are responsible for much more

But going PE out of undergrad isn’t such a bad thing, it’s just you gotta be ready for a bunch of responsibility dropped on you

 
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Before I am telling you, I am currently in Korea so there could be a broad gap, but I hope you can get some help.

I was just like you 2 years ago, interning in a LMM PE. I got job offer at the end of my internship and I took it. Here is what I considered.

  1. My goal was working in PE(at that time)

I can work from the start. Then why would I go to IB and hope to get back again with low chance? That is why I stayed and one of analyst in other LMM PE told me the same reason why he took the offer.

  1. My team was great

I got a great mentor and bosses to whom I would loyal. I was really lucky to be with them since other people in the firm were yuck really. I thought it was really hard to meet people with such honest and kindness with wisdom in this industry.(This could be my prejudice)

  1. Better w/l balance.

I am sure that LMM PE has better w/l balance than IB or MF PE. If I had opportunity to join GS or KKR, I would have made different choice, but what I had is local IBs in Korea and this opportunity. Considering local IB has less payment and brand value than GS and more work hours, there was no reason to make transition.

 

Thank you for the insight. Do you feel like you’re “stuck” in your current role? Like could you easily make the switch to IB/sell side if you wanted? And do other PE firms care that you don’t have any banking experience? Also at what point did you start finding out about things like carry or progression at the firm?

 

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