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Don’t believe everything you read (some funds are ok out here), but each fund is different so we can’t give you advice without knowing what your other option is. That being said, don’t purposefully send yourself to hell just for money - you don’t have ultimated time in life so throwing away a few years+ to make the others marginally wealthier isn’t really worth it unless you have a concrete plan for why you need that money.
Do it if you are feeling bored and can't see yourself in your current job long-term. You can always try PE and go back to a cushy job later (but not necessarily other way around).
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You need to make your decision based on your satisfaction of your current job, that’s the key. $70k is only $35k post tax approximately so hardly life changing.
I will tell you that not just this forum, but anything you read on the internet, tends to skew to exaggeration. I will also tell you that the real winners in finance don’t post on here. They are too busy doing more important stuff and don’t get a kick of out debating randoms.
The hours and people are really not that bad. For every jerk I’ve worked for there have been 5 normal people and a couple decent, kind people. For every all nighter, I’ve had 4 weeks of relative normalcy. Are there brutal groups? Of course, but they are not the norm. It’s just that those types of places tend to produce people who obviously will complain and the forum let’s them vent. No one is going to make a post about how awsome their group and hours are.
7am to 7pm doesn’t sound that great for 200k. You’re not in finance to top out at 300k working 12 hour days. To to the PE shop and then go to a different firm that you really enjoy that pays you well for your time. No one should top out at 300k in this industry, idk what in the world you’re doing but that’s really shit. First year banking analysts clear $200k now. You deserve better. You’re actually using your brain ostensibly.
I thought about it it’s honestly closer to 8:30AM - 6PM but i always end up doing some work at home.
Do it. Fuck your "cushy job", you're working 12 hours and only getting paid 200k. 22 year old banking analysts are earning more than you are now. Take the risk and try out the PE job. If you don't like it, I'm sure you can always go back if you left on good terms, or find an even better job. Never skip out on opportunities like this. Maybe it'll go poorly, maybe it'll go well, but you don't want to be left wondering "what if", because that's the worst feeling.
Without going into too much detail to where I am there are people at my firm who are pulling in 20-60mm a year, on stellar years. The thing is that there are only 1-3 people doing that a year. The other guys are making 200-3mm. When I say top out at 300k that’s if I don’t move into originating opportunities on my own, which I could do - but itsnot a structured path forward. If you’re a high warner it’s because you’re making money. I’m not gonna get paid HF/ PE comp just for analyzing here, but I can get a job at either of the aforementioned. Just wanted to clarify. But yeah, I’m kind of leaning to what you are saying.
Okay well same can be said at PE firms. Top guys are always going to be in the multi mm's. If you think you have the skill/desire to be one of those people originating deals, then you can do that at many other firms than just the one you're at now
Ok so $300k isn't really the ceiling. But it's still odd that they're not paying market comp for non-risk seats.
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