CONTEXT: https://www.wallstreetoasis.com/forum/private-equ…
***(Read the post linked above to understand why I’ve created this repository)***
Here is the production-ready post with all links repaired based on your original journal notes:
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https://www.wallstreetoasis.com/forum/investment-…
https://www.wallstreetoasis.com/forum/investment-… (Both the post and the top comment are insightful)
https://www.wallstreetoasis.com/forum/investment-… (Unironically a viable way to vicariously experience what IB might be like, for some)
https://www.wallstreetoasis.com/forum/venture-cap… (Read through the comments)
https://www.wallstreetoasis.com/forum/investment-…
https://www.wallstreetoasis.com/forum/private-equ…
https://www.wallstreetoasis.com/forums/leaving-ib…
https://www.wallstreetoasis.com/forums/ib-sucks-i…
https://www.wallstreetoasis.com/forums/warning-do…
https://www.wallstreetoasis.com/forums/investment…
https://www.wallstreetoasis.com/forums/confession…
https://www.wallstreetoasis.com/forums/idgaf-anym…
https://www.wallstreetoasis.com/forums/anyone-els…
https://www.wallstreetoasis.com/forums/anyone-els…
https://www.wallstreetoasis.com/forums/things-you… (read the top comment)
https://www.wallstreetoasis.com/forums/to-all-con…
https://www.wallstreetoasis.com/forum/investment-… (A lot of interesting content in this one)
https://www.wallstreetoasis.com/forum/hedge-fund/… ("Let's face it, IB sounds sexy to people who don't know what it is, but we all know that pre-VP IB work is just running processes")
https://www.wallstreetoasis.com/forum/investment-… (read the top comment)
https://www.wallstreetoasis.com/forum/investment-… (read the top comment)
https://www.wallstreetoasis.com/forum/private-equ…
https://www.wallstreetoasis.com/forum/investment-…
https://www.wallstreetoasis.com/forum/off-topic/c…
https://www.wallstreetoasis.com/forum/private-equ…
https://www.wallstreetoasis.com/forum/investment-…
https://www.wallstreetoasis.com/forum/investment-… (read the top comment)
https://www.wallstreetoasis.com/forum/investment-…
https://www.wallstreetoasis.com/forum/investment-…
https://www.wallstreetoasis.com/forum/investment-… (9am-6am wtf)
https://www.wallstreetoasis.com/forum/investment-…
https://www.wallstreetoasis.com/forum/investment-… (command+F for "14+ hours" and read that thread of comments)
https://www.wallstreetoasis.com/forum/private-equ…
https://www.wallstreetoasis.com/forum/investment-…
https://www.wallstreetoasis.com/forum/private-equ…
https://www.wallstreetoasis.com/forum/private-equ… (long post but was top post of the week for a while)
https://www.wallstreetoasis.com/forum/private-equ… (look through comments, many talk about PE too)
https://www.wallstreetoasis.com/forum/private-equ…
https://www.wallstreetoasis.com/forum/private-equ…
https://www.wallstreetoasis.com/forum/investment-…
https://www.wallstreetoasis.com/forum/success/hap… (really great thread on happiness)
Legendary IB thread, comment have several different perspectives: https://www.wallstreetoasis.com/forum/investment-…
https://www.wallstreetoasis.com/forum/private-equ… (Thread by an ex-APO ASO. Even though it doesn’t paint APO in a negative light, the way this guy thinks is telling of the types of ppl that crush it in this field)
https://www.wallstreetoasis.com/forum/job-search/…
https://www.wallstreetoasis.com/forum/investment-… (Reinforces my view that only those who are wired like this make it in the field)
https://www.wallstreetoasis.com/forum/private-equ…
https://www.wallstreetoasis.com/forum/private-equ…
https://www.wallstreetoasis.com/forum/private-equ… (Doesn't explicitly say anything bad about APO but the answers shed light on the type of person that succeeds here. Particularly there is this comment about personality fit: those who work hard, prioritize work first, high horsepower, sharp elbowed, risk averse. Also sheds light on pay. You don't fully receive your carry until ~10 years, and you never actually get the "headline carry". Only ~50% will actually end up being paid out, and almost 100% of that payout needs to be committed to the next fund. The deferral is brutal. The golden handcuffs only get tighter as you become more senior. "I have peers that have been in the industry 10-15 years post-MBA that have not realized any carry.")
https://www.wallstreetoasis.com/forum/investment-… (Document following death of BofA associate demands that hours be capped at 100hr/week and that nobody should be required to stay in the office past 1am more than twice a week)
https://www.wallstreetoasis.com/forum/private-equ… (A great balanced take that touches upon both benefits and consequences of going into PE)
https://www.wallstreetoasis.com/forum/off-topic/i…
https://www.wallstreetoasis.com/forum/job-search/…
https://www.wallstreetoasis.com/forum/private-equ…
https://www.wallstreetoasis.com/forum/investment-…
https://www.wallstreetoasis.com/forum/private-equ…
https://www.wallstreetoasis.com/forum/private-equ…
https://www.wallstreetoasis.com/forum/private-equ…
https://www.wallstreetoasis.com/forum/private-equ…
https://www.wallstreetoasis.com/forum/private-equ… (solid comments)
https://www.wallstreetoasis.com/forum/investment-…
https://www.wallstreetoasis.com/forum/investment-…
I will do my best to update this page. Feel free to comment with anything I've missed.
Based on the most helpful WSO content, here is a compilation of posts discussing the negative aspects of working in Investment Banking (IB) and Private Equity (PE):
How Bad is Working Hard in Your 20s?
Very Long Post: Stepping Off the IB Train
Getting Crushed is Paradise
Startup Founder, Now What? Recruitment Advice
MBA Associate Looking to Leave
Do Your Associates Just Not Care?
Leaving IB Soon: Final Rants
IB Sucks, I'm Out
Warning: Do Not Enter IB (Coming from a VP at a BB)
Investment Banking is Broken
Confessions of a Former Second-Year IB Analyst
IDGAF Anymore
Anyone Else Just Want Out of This Shit?
Anyone Else Giving Less and Less Fucks About Their Performance?
Things You Wish You Knew When Starting Out in IB
To All Consultants Considering PE
When Did You Realize IB Was Far From Glamorous?
The Reality of HFs
MS Bonus S
Quit Today
Worse Than IB
Reinventing IB in the Long Term
Chronic Pain
My Hours as a First-Year Associate in PE
IB, High Finance, and Treatment-Resistant Depression
Question for Senior Bankers: Does It Get More or Less Stressful as You Progress?
Would You Redo IB Again?
IB Midlife Crisis at 23: Please Help
MS Menlo is Going to Shit: 9am-6am WTF
Investment Banking Fucking Sucks and I Personally Advise Against It
Venting Trauma Dump Megathread
Didn't See the Light at the End of the Tunnel, Do You?
How to Fix Slacker Reputation: Am I Done?
Please Tell Me I Can Look Forward to PE
Thoughts from a MF PE Associate
You Need to Get Out: Rant, My Experience for 5 Years in IB, Now in a Small PE
The Unspoken Truth About PE Handcuffs
I Don't Want to Do IB Long-Term, But There's Nowhere to Go
Happiness & Success Stories
Life After Investment Banking
Ex-Apollo Associate Q&A
Talented Young People, Stay Away from IB/PE
Are Banking MDs Happy with Their Life?
Apollo Compensation
Serious PE Funds with Good WLB
Ex-Apollo Associate AMA (But I Actually Answer)
Bank of America Juniors Strike to Start Monday, May 6th
My First Year as a Private Equity Associate in Large-Cap Private Equity
I Hate IB
Why Should Gen Z Even Bother with High Finance/Consulting Grind?
Why I'm Considering Leaving Finance: Reflections from an MF Associate
Career Longevity in Banking
I Was Not Ready for MF PE
Does Anyone Like PE?
IB/PE and High Finance Are a Scam (No, Not the Usual Complaints)
Positive PE Experiences
MF PE: Depressed and Burnt Out
Recently Quit, Nothing Lined Up: Story Inside
Feel free to comment with any additional posts that should be included in this compilation.
Sources: IB ANALYST REVIEWS, New WSO Moderation Efforts [Updates Here], 2018 Summer Analyst IB Recruiting Timeline Megathread Page, An Analyst / Associate's Checklist, Hello Old Friends!
So what career within finance doesn't suck?
The ones that college prospects shit on the most: Sales, IR, Private Banking, RIA, Secondaries/FoF, Allocation, ECM/DCM, Business Development, Corporate Finance, etc
Does secondaries necessarily have a reduced comp potential compared to traditional PE?
Who gives a shit dude don't you have a job or something
Why are you whining bro he's giving a useful perspective.
I'll never understand why some people live to complain
Amen.
Yes, it's tough, you know what you're signing up for.
It's a privileged position and it's not the life for everybody.
If you're whinging because you're chronically unhappy with the job and/or are sick of the grind. leave, and find happiness.
the links don't work mate
lmaoooo
Many of these don't work lol, also most of the links looks the same. Hyperlinks would help - plz fix, thx.
Should be fixed now. Seems that after I edited the post on mobile, a lot of the links got destroyed. WSO dev team needs to look into this
You must be a credit guy
if so then he’s a smarter guy than me
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