Where do top REPE people go after their stint?
Curious to hear where top REPE professionals at BX, Starwood, Brookfield go after their time at REPE. Do they start their own fund? Lateral to another place? Pursue something more entrepreneurial? Let me know!
For most people, those jobs ARE their end game and they will stay for their careers. It's not like banking where you're looking for an "exit".
People who do leave will do any of the things you mentioned, all depends on what they want to achieve. Very few people are built out for the entrepreneurial path (starting a fund/running your own deals), so generally it's going to another shop to move up or find better WLB, or they decide they want to check out a new asset class or try development.
That great! ive always been curious about this as I figured not everyone will stay at these shops forever. It's also interesting to me that given their technical skills/hardwork/intelligence/network they don't try to start their own fund with a couple of buddies. Thanks for the insight
I mean Carlyle associate is a 2 and out so it is literally exactly like banking
Ya because you're basically working IB hours at associate level; that cant be too sustainable right??
This isn't banking. There isn't always a "next step". If you're at a top firm, that's where you stay, unless you go out on your own.
Younger people on this specific sub-forum seem to have a tough time with the concept that there isn't always another rung on the ladder, that at some point you build a career. Which isn't surprising, since teenagers always have a "next" step (study hard to get into a good college, then to get a good job, work hard for the right exit, etc etc). That just does not continue ad nauseum. You grow your career not by leveraging your current position to get more money/seniority somewhere else, but by gaining the experience and confidence to execute deals on your own, and therefore put yourself in a position to negotiate for upside in those deals.
They go to the beach.
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