Why PE as a career path in general?
Hello,
I know it is rather a broad question (I have no experience nor a particular knowledge about PE) but I guess I want to know why people go to PE given quite harsh hours and etc. What is it that actually interests you?
Thanks
1) Learning about tons of different businesses, business models, etc.
2) Doing deals
3) Managing portfolio companies
4) Making more money than any of my friends
Bonus: My hours really aren't really harsh at my current firm (~60h most weeks)
Thanks. Can you elaborate on your 3rd point? Managing companies - what does it entail? Regular chats with management?
Also elaborate on 4th point :)
4th point a bit tongue in cheek haha but I think anyone would be lying if they said they didn't choose a PE career at least in part due to the pay vs. other industries. I can't think of a single person I went to HS with who's making $250k+ at 25, shallow as that sounds to say. Of course I have friends who stayed in IB who are making a little bit more than me today...
On managing companies, my firm is pretty operationally focused. We tend to buy founder-owned businesses that are early in their journey of becoming professionalized so there's a lot of portco work that comes along with that vs. a traditional late-stage buyout. A lot more in the weeds of making decisions, determining strategy and driving value creation, etc. Yes talking with management at least weekly and helping them prioritize different projects, offering resources and support where needed.
Deleniti autem rem illum assumenda eaque harum dolorum. Iure eum commodi exercitationem minima placeat. Sed dolores nulla eaque consectetur quae asperiores eligendi.
Sed natus non totam. Nulla illum tempore doloribus ex architecto ut.
Cumque tempora perferendis et. Alias placeat cumque enim illo et. Distinctio soluta voluptatem laborum repudiandae mollitia eligendi saepe nihil. Velit voluptatum quis nesciunt labore et.
Voluptas animi repudiandae minima velit illum. Repellat ea aut eligendi sit et. Et libero deserunt odio voluptas. Id voluptas expedita sit ex earum. Perspiciatis sequi repellendus aut dicta. Asperiores error sint sed illum velit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...