How to survive first year in PE?
I’ve seen a lot of posts on WSO about how to survive your first year in IB, but none on surviving PE.
I’m sure some of the points are the same but I’ve personally found the PE role a lot harder than IB. Combination of already being burned out from IB, life priorities shifting as I get older, no more support of a large analyst class, and a massive step up in responsibility and stress.
At this point I’m not looking to be a great associate, I just want to make it to the end of my 2 year program.
Any practical tips or advice from the more experienced WSOers?
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1. Commitment - put in the hours now as knowledge, reps, experience compound.
2. Accuracy - spend the extra time checking your work. No VP likes to check, so build a reputation early that you deliver things accurately. If you make a mistake, try not to do it again.
3. Speed - in tension with 2, but push yourself to optimize and be efficient.
4. Thoughtfulness - take a step back and ask yourself so what. Build the muscle of having an opinion.
5. Ownership - own everything you do. Eventually if you're excellent, you'll be able to drive things.
In short, put your head down first year and try to get better every day.
Any advice on getting faster? Have always struggled with that aspect
The way to achieve work life balance in this industry is to become excellent at the job. PE is inevitably going to be a grind - moreso than IB given the step up in responsibilities and leaner teams (there's no place to really hide or push-back on work in PE).
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Stay healthy, all these funds now give, breakfast, lunch, dinner, pantries with snacks etc. don’t gain the weight. I gained 15 when I started at KKR, and felt shitty and it correlated to my performance
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