Where do PE associates go if they don’t want to stay?
I am wondering what types of roles people typically go to from a 1-2 year stint as a PE associate? The hours and lifestyle are brutal enough that I have to imagine a lot move on to other more chill jobs, but what are those jobs? And more importantly, how do PE associates hear about them and recruit for them?
Specifically, I feel like a remote, maybe tech role that’s 9-5 or so could be really nice following some of the burnout-inducing hours, and some seem to even pay pretty decently. Is that something that associates commonly pivot to?
A handful from MF/UMM exit to hedge funds. Many do their MBA in order to come back for promotion or join another similar or larger sized funds. These are more "traditional" exits for a lot of the PE assos. More recently, I've seen a lot join growth equity shops or funds within their existing platform. Exits are much more varied at MM/LMM level to corp dev, start-ups, etc.
That makes sense. It sounds like a lot of the typical exits are more PE / investing roles that are also not necessarily great work life balance. For the non-investing roles, more Corp dev and business ops, how do you recruit for these? How does comp compare?
Is transitioning over to a PM type role at tech companies ever common?
Going to be hard to get looks for PM roles - you will be viewed as a deal guy given the IB/PE background. Biz ops is doable and corp dev even more so. Recruiting is typically via job boards and networking, very few opps are via HHs. Comp will vary widely depending on size/maturity/title. As a data point, was interviewing for a Senior Mgr of Corp Dev and Strategy at a PE-backed company and all in comp was ~$200K.
How much of this was cash comp and was this in a HCOL still (assuming the PE role was as well)?
$175K base, NYC/SF
I’m actually coming from consulting (also I’m the OP but updated my title to reflect present), not sure if this changes things.
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