Updated
I have a few offers for Associate role. Need to decide by EOD tomorrow.
1) a H&F / CD&R like MM with $5-7B AUM -- culture is intense, shop is growing fast as a result of strong returns, path to SA/VP promo
2) a consultant friendly offshoot (think Bain Cap) with 2-4B AUM -- AUM is growing but slowly, returns aren't great, but culture seems to be good.
3) a FO (PE focused) with a few B AUM -- best culture from what I can tell, likely most sustainable
My background: MBB consultant
What do you think are the pros and cons of each? Which offer would you take?
$5-7Bs definitely not an LMM shop...
Ok - MM it is!
What does H&F/CD&R like LMM shop even mean?
Need more context here
Probably means sweaty culture, complex deals, mostly ex bankers
I say go with #2
It really depends on why you want to go into PE and what you want to get out of it.
Is your goal to 'dip your toe' into finance, stay for 2 years, then move onto something else? Conversely, are you looking to grind it out for a career-track role and outsized income along the way (versus most other post-MBB jobs)? The former favors #2/#3 (check the box for your resume, get a few years of outsized income, see if you like the industry), but if you're serious about this as a long-term career, #1 is the clear choice (maximize learning, path to advancement, best brand). PE generally isn't a culture or lifestyle job - while there are certainly friendlier places to work or staffing models that make hours more bearable, there's not really a "chill" version of the job (maybe just #3 but earning potential is often compressed to reflect the scale and opportunity).
Stating the obvious, this one is a personal choice, dependent on what you're seeking to get out of the opportunity and where you see yourself longer term IMO.
You don't have finance experience. Go where you'll learn the most, which sounds like #1. Can always switch to something more lifestyle friendly afterward (and part of what will make it lifestyle friendly is the efficiency you gained from the better learning opp).
Agreed - it will be the best learning experience. But I have serious concerns about the hours. I've heard many stories of people quitting a few months in as a result of burn out and want to avoid that outcome. So if I pick #1, there is some risk involved. Or perhaps I'm overthinking this and the hours will be manageable...
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