Warning re: LMM PE
This thread is more to vent than anything else, but just wanted to share that I've been working as a senior associatefirm for the past year or so after spending two years at a MF and two years at a group and this is by far the worst WLB of the three roles (exaggerating a bit here). For context, I'm at a relatively new fund with a very lean team so very clear path for upward mobility, outsized carry allocation, etc. which is why I chose to try this role out vs. business school or lateral to another large cap fund (also thought the lifestyle would be much better). Unfortunately, my hours are significantly worse than they were at the MF and the work is much more nitty-gritty portco management, process management, screening shitty deals -- way less intellectually stimulating while simultaneously requiring significant mental exertion. On top of that, I didn't realize how stingy the partners would be -- I was already taking a very significant +bonus, but have gotten no guidance on upward mobility, , etc. because the firm "doesn't believe in making promises." I don't think it's a performance issue as my feedback (both formal and informal) has been great -- it's just the way the firm operates.
All of this is to say, don't just blindly take a MM or LMM offer because you think it's a better lifestyle or has more upward mobility. It varies tremendously by firm and there are many places that have significantly worse work life balance coupled with weaker brand recognition and shitty comp, so be very thoughtful and do your diligence before accepting an offer at a place like that. Thanks for coming to my ted talk.