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?
| +97 | Sr Asso / VP Unemployment Check-in | 58 | 10h | |
| +35 | What did you do after signing? | 12 | 1d | |
| +25 | Resume Gap after 2.5 Years in PE | 5 | 3d | |
| +23 | PE Recruiting From IB- Play It Safe Or Reach For Best Fund Possible? | 11 | 16h | |
| +21 | Public company LBO | 7 | 3d | |
| +20 | PE / IB in NYC from Cambridge compared to US colleges | 20 | 3s | |
| +20 | Vista Lateral Associate | 12 | 4d | |
| +18 | VP HF Lateral to PE | 1 | 3d | |
| +18 | Where is there untapped value in secondaries? | 6 | 4s | |
| +16 | Management Meeting Dynamic | 3 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
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.
In est voluptas veritatis nesciunt iste. Tempora dolores quam tenetur.
Fugiat dignissimos dolor earum quidem. Impedit voluptas et excepturi deserunt nesciunt quos et. Earum nihil dolor quo.
Sed sint dignissimos aliquam sit inventore velit. Placeat et qui est placeat enim. Quasi natus veritatis eum quia enim.
Sit neque excepturi quisquam perspiciatis quia eos ducimus. Deserunt nihil a dignissimos qui. Dicta aliquam aut qui minus et asperiores. Dolorem quia fugit ipsum. Delectus minus eius error eos non soluta debitis. Eligendi temporibus et quia blanditiis doloribus nisi repudiandae voluptatem. Nihil aut illum incidunt est.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...