PE to Corporate?
How many of you guys in PE left for corporate roles whether that be Corp Dev or in-house for an AI startup along those lines? I’m seeing a trend…One of my buddies I worked with in banking did that and when I search Linkedin I see a lot with top MBAs (Wharton, Stanford, Harvard, Columbia, NYU Stern, etc.). I would just honestly stay in PE until I’m burned out which I assume is happening lol.
Prepare for a major paycut
Yeah thats the major trade off, very brutal 😭
This isn’t the case across the board though
Some corp dev roles pay the same or more up until VP / Principal. Head of Corp dev is a $1M+ comp role in many places
Some pay less on cash but more on vesting equity (which is close to cash for pubcos not so much private), which materializes more than phantom equity or carry you don’t even have as a Junior PE
Pay PROGRESSION is the real downside and the learning / development of being in-industry and potentially with a very narrow scope. On the flipside you may have significantly more ownership in a company role, or potential to seize ownership of things given your experience
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You’ll get little to no credit for your time in PE, so it’s a tough decision to make.
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i was making ~$380k all in at a MF working 90-105 hour weeks now in corporate making $330k all in for 60ish hour weeks so I would say overall VERY VERY happy with the move. Just takes a bit of time to find the right opportunity worth leaving for.
What type of company and was it through headhunters or public postings? Assuming you were a 2nd or 3rd year PE associate, thats amazing corporate comp for 4-6 yoe.
Appreciate i! . I was a fresh 2nd year, and got the gig lined up during my first year. I agree the comp is very very good for 3 years YOE (2 years IB 1 year PE). I got it through just linkedin. Happy to answer any follow ups.
Can you please pm me with how you found the opportunity? Currently a first year in PE and looking to make a similar move to corporate. Tysm
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