Going to PC for the hours
Concerned about hours as I exit IB. If PE is gonna be a crapshoot with hours, then I don't mind a slight pay cut (making >$200k) for normal hours while staying in Finance (I enjoy the field).
I wouldn't be going into PE dead-set on making it a career (I'd love to jump to something entrepreneurial down the line), and so I won't be able to swallow IB culture/hours as I continue into my 20s. Does it sound like Private Credit is for me?
PC is generally better hours but not going to be "normal hours" as in a 9-5. The best PC shops will have high deal flow so can think about averaging 60-75 with regular 80 hour weeks. Gets better at MM and below (can think about ~50 a week with some sprints), but you are obviously trading off more comp and optionality at that point too.
If you want a mostly reliable 9-5 you're going to have to keep moving downwards on comp
Don't need a 9-5, my expectation is just to be able to sleep (7+ hours a day) and be able to work out consistently. My IB experience is just really, really sweaty so I'm coming in. with low expectations.
Based on what you've said it sounds like MM PC is perfect, assuming >$200k comp as an associate 1. I just want to make sure I don't pursue PC if this is attainable in LMM PE.
Seems that PE will be a crapshoot and I don't want to accidentally repeat this IB experience. My options appear to be 1) Gamble for LMM / MM PE and try to pursue a non-sweaty shop or 2) Go to PC and I'm guaranteed sleep and some weekends. I don't want to gamble with #1 because I take it too seriously - if I make the wrong choice I will hate to immediately be discouraged and want to jump ship in a new job.
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