What Industry Travels The Most?
Hello all. Out of all the industries on the platform, which travels the most? IB, Private Equity, Asset Management…?
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Listed from most travel to least, though YMMV based on your region.
MC, some firms had a M-Th on client site. But this could have changed after Covid.
IB, as part of pitching or live deal mandates. Pretty common to have an army of IB turn up to a meeting.
PE, varies depending on how included you are in origination, board meetings and value creation plans and where your portco is located.
AM, tend to travel the least. Their job is more about allocation and monitoring.
IB travels a lot at the senior level (my MDs were probably on the road twice a month if not more), but as an analyst you’ll travel a handful of times at most. Know plenty of analysts that didn’t travel at all in their 2 years.
PE firms travel more than people realize on here. Anytime there’s an MP for a company you’re serious about, on a plane. Board meetings (4x a year per port co, so can really add up), any other time you happen to be at a port co other than board meetings, meeting with management teams of add-ons, etc. personally was surprised how much travel is involved for PE associates
Above is right, although as a junior it's pretty rare to travel in IB. Strictly VP and up at my bank. Junior consultants will travel a ton.
Worth mentioning that a lot of people do consulting because they want to travel... and then realize they're traveling to a tiny town in Idaho every week. Same goes for most PE travel, you're going to site visits in Tier 2/3/4 areas. It's not sexy, cosmopolitan city traveling with 5 star hotels, more like the middle of Ohio in a Holiday Inn Express. Gets old really fast.
I have a family member that works in Public Finance and he travels at least once a month working in infrastructure projects across America
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