As a rising Junior looking to get into PE and beginning to apply for 2017 SA positions, what's the best route to take? IB for a few years then apply to PE funds? Try to start in a PE shop?
Also, what are your plans for the future? Looking to stick with your company and be promoted within, or move laterally, or out of PE completely?
Definitely do banking. I would target large banks like Goldman or JPM, or top tier middle market shops like BlackArch, Houlihan, Harris Williams, Lazard MM, etc.
Experience is more important than pedigree when it comes to lower middle market PE recruiting. So I would go where you think you will get the best experience and deal repetitions.
I would argue MM PE is more fun and a better lifestyle than mega funds like KKR, Warburg, etc. I would also make a case for secondary markets like Charlotte, Denver, Austin, Dallas, etc. Typically great hours and low cost of living.
I am on a partner track with carry so I don't plan on leaving anytime soon.
Attention to detail, having flawless work, and thinking and offering ideas on investments and not just being a model monkey; also being able to get to the answer efficiently and quickly and really being thoughtful in messaging so you can better influence people (like in investment committee)
There really isn't an adjustment; you just get better at your job and can do stuff more efficiently. Rather than worrying about minor details you can boil down the main issues of an investment very quickly and focus on what matters. You also pick up lessons as you start to do multiple deals in the same industry space.
Work your ass off and realize you are still short term, so treat it as a sprint and not a marathon; go all the way, work your ass off, and don't make any excuses. Sacrifice short term life for long term gain. VP life is pretty nice.
Nope, just got busy on some stuff, I'll keep answering these as they come.
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As a rising Junior looking to get into PE and beginning to apply for 2017 SA positions, what's the best route to take? IB for a few years then apply to PE funds? Try to start in a PE shop?
Also, what are your plans for the future? Looking to stick with your company and be promoted within, or move laterally, or out of PE completely?
Definitely do banking. I would target large banks like Goldman or JPM, or top tier middle market shops like BlackArch, Houlihan, Harris Williams, Lazard MM, etc.
Experience is more important than pedigree when it comes to lower middle market PE recruiting. So I would go where you think you will get the best experience and deal repetitions.
I would argue MM PE is more fun and a better lifestyle than mega funds like KKR, Warburg, etc. I would also make a case for secondary markets like Charlotte, Denver, Austin, Dallas, etc. Typically great hours and low cost of living.
I am on a partner track with carry so I don't plan on leaving anytime soon.
Work out more you fat fuck.
HAHAHAHA did this VP guy just say fuck these stupid questions and kid and dip?
Nope, just got busy on some stuff, I'll keep answering these as they come.