Best GE/UMM/MF for Pay::Culture/WLB/Perks
At a top group with my choice of PE exits, and comfortable networking for going my own way. Any combo of the below is fine, just listing things I want (add good ones in comments and I’ll edit post)
Looking for: Location: NYC or good weather (CA, FL, TX, etc) No MBA for promotion (not dealbreaker though) Pay: Looking for at least 300 all in, even if there’s WLB improvement I’d stick to banking for the sign on etc at EB. Less than that and I wouldn’t be happy, because of taxes and low net. For a non major hub city, think 150 net after taxes and major expenses (rent food travel etc) to make up for being in bumblefuck Co-Invest: Leveraged coin vest a plus Perks: Can order food earlier (like 6, not be an after 8 thing), sponsored firm trips (e.g. skiing in winter or yacht / PJ trips in summer), firm happy hours or other social events and activities, free stuff like tech, catered lunch and breakfast, gym stipends, good health insurance etc
Big caveat for below: mainly just seniors who actually even pretend to give a shit and/ or put effort to minimize BS. Culture and Hours: Looking for acceptance of flexible WFH / leaving office early as well as top down attitude of being able to work for these people. I’m talking about an 80-100 hours that’s alongside understanding and generally well meaning people (sleep in after a long night if no pressing work), not annoying fucks who make you do useless shit all the time and require FaceTime if you’re not doing anything. Also, relaxed dress code and such things are a perk. Encouraging people to take some time for the gym during the week. Allowing people room to have real weekends for non fire drills (and not creating them unnecessarily). Real unplugged vacations. Less stuffy on federal holidays, etc.
Does this exist anywhere?
In order (and when I say unimportant, I mean that these will not bear materially on your job satisfaction when all is said and done):
If you are asking if all of these exist neatly in one perfect firm that pays well with amazing culture and benefits, the answer is no. Closest I can think of are Genstar and Bain, but Bain doesn't fit your geo.
Bump
Can you provide some insights about life at Bain?
what does Bain or Genstar have for perks?
PM me!
.
PM’ed
If into tech, go Insight Partners! Pays in line with MF with ton of carry + deal carry, 60h workweeks, people are super nice and chill, no one tracks your movements so you can grab dinner on any week night or go to gym any time you want. Dress code is chill, tshirt and sneakers. All your meals are paid for on corporate card (lunch and dinner). Also 3 weeks off (firm closures) for 4th July, Labor Day and Christmas, all federal holidays fully off, + personal PTO is plugged off
Is that growth only or late stage stuff too?
Insight does anything from Series A to LBO, so you have your pick. Lifestyle is more or less the same throughout, perks and pay the same for everyone
I want to believe this but I don’t see how it could all be true. They have a fairly high headcount (even with the large AUM) and junior to mid level employees seem to span a wide range of backgrounds, not just the typical IB / PE folks, which would seem to suggest they shouldn’t need to be paying in-line with MF PE comp. Would be thrilled to be proved wrong, seems like the dream job as described
Full disclosure - I work there! Post-MBA level, pay around 500k + carry + deal carry. Insight raised $10B last year and raised a $19B fund this year, so plenty of capital to go around. Wouldn't trade it for even a title bump at an MF tbh
I could be wrong, but isn’t much of your time spent sourcing/cold calling?
At Analyst / Associate level yes, not so much at my level. I mostly do DD on live deals
do juniors have input into the verticals they get to focus on?
i.e. e-commerce over crypto or are you just staffed randomly?
Yeah you have input. Basically you align to an IC partner, and each partner does slightly different things (e.g., buyout, early stage, B2C businesses, tech infra) - you don't align so specifically to an industry though
Del
I heard Insight had a very competitive culture (at least at the junior level) where there's supposedly a leaderboard where metrics are tracked. Is that true?
At what seniority level would responsibilities shift to DD (senior associate)?
following
Sixth Street in SF. Kinda sweaty, but really good perks
Have a friend that went there then left. My impression was sweaty, though unaware of the perks. Thoughts on specifics?
What group were they in? Strategic Capital (Private Debt Special Sits) and Fundamental Strategies & HealthCare are in SF
Lead Edge in NYC / Silversmith in Boston / Brighton Park in CT. All solid funds with good track records in the software space. Pay is great, hours aren’t bad, and culture is insane. Have friends at all those shops. Can pm me for more info.
You’re private, mind PMing?
What are we talking hours wise? Rough estimates would be super helpful!
50-60 on avg
Would you mind PM'ing me?
would you mind PMing me about Brighton park?
can u pm me abt brighton?
what are your thoughts on brighton?
do you know what comp is like at Brighton Park?
Not NYC but JMI has to be up there
any insight on Valor Equity - seem to be a sizable Growth Equity shop, would be curious about comp and culture there
Bump
These are all growth funds everyone is talking about. Do all buyout funds have terrible cultures?
PM me! At a buyout shop I think covers the list and actively recruiting
For WLB i strongly suggest this little known firm called "Apollo Global Management", specifically their Flagship Fund. I hear the associates only work 40 hour/weeks, and partners are clocking in only 30 hours/week (almost as good as UBS).
Everyone is super nice, you probably won't get chewed out ever and they hardly do any deals. Small fund as well...with okay exits if that's what you are looking into
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