Currently based in east coast but in the middle of PE processes. I passed a couple of their interview rounds along with model tests and they asked me to come to their office in person for later this week. Would I have to pay for travel costs all the way to SF?
I am not super 100% certain about this firm and not sure whether I want to pay for last minute plane ticket to SF
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In my experience I have always paid out of pocket for flights and hotel but submitted receipts and they reimburse.
They reimburse even if you don’t get the job?
I’m interviewing for SF places and wondering if this is the norm because I don’t want to have to pay SF ticket prices for every interview
Yes they do, is this H.I.G. btw
Trust me everyone in PE avoids HIG like the plague
I don’t know whether to interview if I have to fly all the way to SF and take a sick day. I feel like I should only do that if I’m 100% certain I want to work here but I honestly am not 100% certain
Why avoid HIG? Is it because it’s sweaty?
No, everyone you work with will hate you, including the sellside.
they constantly reneg on deals, do shady things that i can't write on here as it's related to specific deals they bid on, care about formatting and micromanaging associates, low pay, the second you email someone from your @HIG email you can feel the hate and disrespect coming from the other screen.
just don't.
any reputable firm (yes even a firm like HIG) will pay for flights. If they don’t thats a red flag and I would avoid
Do they play business or premium economy for a cross-coast 6 hour flight that is above 4 hours? And what kind of hotels will they put you in?
Unsure - but honestly man its a day lol and you're what 24? Imagine if this was BX or some other MF would you really care what flight or hotel they put you in? lol
Agreed. Firm will pay. Just follow their instructions (who handles booking, what class/tier, etc.) and don’t do anything stupid (ridiculous meals, un-approved first class, unnecessary black cars).
HIG is a great shop with great returns if you are a mid-level or senior who get carry; not as great for associates. They pay 270 in SF, which might be in line if you're joining their small cap fund but well-below market for a 5bn fund like their MM one. They are also extremely sweaty just due to their value-based approach to investing whereas they look at effectively every single deal under the sun. Their IC is notorious for bidding low-ball multiples.
It's a great investment approach to get returns to accept any risk at a price; but as a junior, it just means you are constantly low-balling bids and working insanely long hours even relative to IB/PE. Tons of notorious AH's and a lot of banks will not do HIG deals and many sellers will say they do not want HIG involved in a process because of how many AH's the firm has. The junior experience is lower pay with longer hours in a high COL than peers in the 4-6bn fund size. I at a top UMM that pays significantly more than HIG and I would estimate I work 10-20 hours less on average than HIG people, when you are in PE those 10-20 hours are a huge difference.
The PE Fund should be paying for this 100% of the time. If they aren't that's a big red flag.
I love how this became a H.I.G roast thread lol
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