What motivates you to work in private equity/finance?
What motivates you to work in private equity/finance?
Personally, I just want to buy one nice house and support my future family. That and understand businesses and make career related connections. PE is unlike other fields such as venture capital, where my motivation might be to discover something profound, or maybe become extremely wealthy after an investment. It's not like being a researcher where I would discover something cool that advances humanity.
why would she even know what a BB is? for me, i would think it's weird if someone not in my field knows which companies are prestigious when it's not something most normal people would know.
Money. Not too many jobs pay an intellectually average 27 y/o $400k. Best part is my funds got a solid lifestyle, only work 50-60 hours a week
slightly off topic, but curious if you can share how your comp scaled from AS1-AS3? 50-60 hours seems like a dream for 400k
Sure, but two caveats so might not be super relevant: 1) I switched jobs to a new fund roughly double the size after y3 and 2) I'm technically a senior associate/junior vp (equivalent to AS4 instead of 3) about to be promoted. I was promoted to senior associate at my first firm for y3 which is why that raise was a bit more.
AS1-4 TC: $200, $220, $270, $375 (400 was rounded for effect...)
Pay bills and have some savings. That’s it.
Maybe I’ve just been drinking the kool aid but wouldnt say money is main reason for me. In IB in industry group. Where else can a 22yr old get direct exposure and learn how experts make decisions in an industry im interested in? I think that’s pretty cool. Would I do the job if it didnt pay well? No. Do I like turning useless comments at 2am? Fuck no. But when I compare myself to my non-IB friends (working entry level corporate gigs in the same sector) I realize that despite all the BS work I am actually learning more about the sector than they are and I think the only way to be extremely successful is to be an expert in a sector, so I’m getting a head start in that sense.
I like the work I do
I enjoy my job and firm a ton, and I know how much being poor sucks so I decided not to be.
I dream about the day when all my years of education, training and experience will make me spot a $200m profit idea (think NVDA/TSLA stock) and ball on it.
I want to fit in.
me too. me too.
I’m deeply insecure
FatFIRE
what can go wrong with trying to FIRE in PE?
Rhetorical question? I suppose getting less carry later than expected/getting pushed out
I want to save the whales.
nice nice!
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