Growth Equity - Day to Day
Can someone give insight into whay it’s like to work at a GE firm day to day? I dislike banking due to the irregularity of hours and on call aspect - heard GE is slightly less quantitative and generally better hours. Can people elaborate on their experience and what the day to day grind looks like and what they work on as an associate?
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You force your way into fast-growing tech company offices with tiger stripes painted on yourself and then try to shove cash down the CEOs throat.
Growth Equity is not as many hours as IB/PE mainly because most of your job is sourcing. You will probably spend about 75-100% (depending on the firm) of your time on phone calls with founders/entrepreneurs or other investors and industry experts. Sourcing can also include developing market maps to highlight industry verticals and conviction around certain trends and Pre-Covid, it also involves attending tradeshows, conferences and other events (Black Hat, RSA ..etc) to network. So, there is some travel involved as an associate but you are mostly supporting a partner or two.
If you are at a strong generalist shop, you may support multiple partners across many verticals. Some funds have distinct "pods" such as infra/security where you spend most of your time sourcing in and supporting the partners with diligence on any companies you source. Finally, you may be involved in portfolio management (small extent) where you may be an observer to board meetings or hop on calls with the ceo and provide any support you can with recruiting, financial modeling/cap table management.
The last part of your day-to-day is probably admin work, which may include cleaning up SFDC or entering/sharing notes from any calls and updates to the team. Preparing internal documents/ investment memos or you may get looped into fundraising and IR work. Overall, most of your time is sourcing and discovering opportunities (but the hours can easily get up to 70-80+ on busier weeks, and on tight deadlines)
Could someone compare the hours in IB To GE? Is GE just more social (have to meet and interact w founders), more or less quantitative, more or less creative, more or less control over time (vs being shoved a pitch book at 8pm to start), etc? Thank you!!!
BumP
Any info on hours in good GE shops in London?
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