Honestly this is such a sweet gig I'm 30 make 650 and have 3m of carry. They give me more every deal we do so it's not one and done per fund. I work 30-40 hours a week off deal, 50-60 when im hard deal gen mode and 80 on deal. Life's good. I literally can't fathom wanting to do anything else. Why would you ever leave this gravy train.....
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congrats I guess?
Have wondered this as well... It's not even a difficult job
Most seats in PE are not what you just described and it's a grind for most to even get here in the first place. People want to vent to other people who understand and can relate to what they're venting about, seems surprising to me a 30 y/o wouldn't/couldn't empathize with that. It doesn't mean they don't love the job or appreciate the opportunity, sometimes work is just a bitch and maybe they don't have a group of bros to hit the bar with to talk about it to.
Edit: What in the world is controversial/inaccurate about this statement? lol my goodness
Seriously, if OP is actually working those hours while making those comp #s, it's an obvious exception, not the rule. Like come on @peshmee you have to realize that's not the norm.
preach
Nice name lol, does he still stream?
Yup, you got it + your firm will not always break hurdle for carry.
Plus, there's also a lot of internal politics... which can give you brain damage and lose sleep at night.
Also, sometimes people just want to do or try something else - focus on family or starting your own business, or even, volunteering at the Red Cross.
The thing that is controversial about your statement is that it is true and the truth triggers people
Deleted
Dude, who tf even asks, just slide in her DMs bro
Good luck on realizing that monopoly money carry in 20never. You really think you're gonna clear your hurdle rate on any asset purchased since 2019? Fat chance. The free money trip has been over for a few years now. Guess this guy never got the memo.
If you think nobody is going to make strong returns on assets purchased in 2019-2022 that says a lot more about your firm's strategy than overall market dynamics.
By pure dumb luck majority is levered to co's benefiting from return from Covid dynamics ! So marked nicely up and also pure dumb luck were low (3.5-4x) leverage deals
Firm???
It's not money that's the problem; it's overall fulfillment / joy from working, having to work for someone else, not truly "owning" any of your work, etc.
Each soul has a price and OP found his.
Associate 1 making $650 cash comp with $3mm carry. Graduated penn 3 years ago. Lmfao ok.
Troll post gonna troll.
Ya heard of grad school bud?
So you're a VP not an A1 with above-market comp at a firm with a fantastic culture? It happens, but it is EXTREMELY rare.
I’ll take the bait even though this might be a troll post. I think your role / position is the exception for a junior / mid level in PE, as the job for most (not all) is incredibly stressful with no end (basically a hamster on a wheel). If you’re not executing on live deals, you should be creating value for your portfolio companies, and if not that, then you need to be sourcing / building your book (more so VP upward). You can pay any amount of money but the feeling of always being on edge, any work can pop up that can blow up any personal plans you might have, generally prioritizing work over basic things like your health, etc, adds up and leads to burnout.
Obvi some people are fine with that but the feeling of always having to perform and the job not getting that much better in terms of stress / WLB as you move up leads to the general complaints imo.
I'm 30, make 300k, have 1mm in carry, and I was molested as a child. Life is not good.
I cried laughing
You have the .01% of cushy PE jobs you soft braggart
Cuz people are only venting to their close friends who are also in the same industry, and on this forum which is specifically built to talk about industry-related stuff and is a 'safe space' to vent about finance stuff. They don't complain to their grandmothers, or friends who don't know what finance is, or cousins during Christmas lol
It's only the occasional bad players who lash out to mainstream media, like the various infamous cases like the GA associate, the GS analyst working conditions survey, Greg Smith the bald ex-GS VP, and the pussies who left finance to start a TikTok or YT or even write stupid books to rant about finance
i hope i never meet you in real life. you sound like a total tool
Lmao because I think the trade is worth it ? Ok bro
Dont know why OP is getting so much hate. It's true - people here complain a lot and many above associate level overstate their true work hours - think comp/hours/stress is very decent at MM/credit/HF/AM shops compared to intense non-finance careers like consulting/medical/legal professions.
Boo this man. 95%+ of us don’t work 30-40 hours a week for top 1% pay. Try same pay with 2x the work hours on regular weeks and literal hellfire in deal mode
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