What's Wrong with Warburg Industrial & Business Services?
Wanted to see if anyone here knew what's up with Warburg's IBS group - heard there's been a mass exodus of junior folk (mainly at associate level) with more wanting to hop out ASAP. I know work/life balance is brutal, but is it really that bad? Also, does this mean that the existing associates are overstaffed? Curious since this is a group I'd be interested in for on-cycle, but seeing an associate leave in half of year is a bit concerning...
I would leave too if my group was called IBS
Work so hard you sh*t yourself
Your expectation going into a firm like Warburg needs to be really low in terms of having work life balance to be totally honest. I worked at a larger fund focused on a specific industry and it was beyond brutal for a number of reasons I could get into if there's any interest on that. Don't go in trying to decipher whether or not the hours or culture suck. Just expect that it will suck given it is likely you'll be thrown into the worst case scenario more often than you think. You'll gain great experience out of being there and come out really advantaged over other peers in terms of finding your next opportunity but it almost certainly won't be pleasant.
I know I sound very cynical but after seeing multiple classes of associates come in and go through the same thing, I'm confident in my assessment.