Am I being realistic with MM PE hours?

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I'm based in Europe.

My ideal hours would be 60-70 hours a week. if I came into the office at 8-9am ish, I would hope to be out before 9pm, with a couple of late nights per week max and SOME but not loads of weekend work. Ofc when there is a deal ongoing I would expect to work hard but I would want my hours to be reasonable (not 2am everyday). Also hope to have some flexibility around how I manage my work. If I want to attend a birthday party say Tuesday evening, I can stay late the next day to finish my work.

I only have a handful of friends who work in PE and their lifestyle seem to be in line with what I said above. Tho I have read a lot of horror stories about MM PE online. I've been asking recruiters specially about "culture". Some have been very vague saying yeah the hours in general are better than banking, whereas others would be more honest saying xyz shop has very similar hours to banking so you'd be doing x hours.

I don't want to end up in a situation where I move to another fund only to find out I'm completely naive about the sort of lifestyle I'll be committing to.

Comments (4)

 
Sep 26, 2020 - 4:06pm

Yeah you're thinking about it the right way. More variance in mm than people appreciate. As you said you know some folks who have decent lifestyles and some others grinding. Reality is culture and work/life is going to vary by firm. Part of it really is just culture. Part of it is strategy. Part of it is mm as a term is a vague broad spectrum that arguably includes 300m funds and 3bn funds, etc. and one would presume lifestyle is better at the smaller end (but much lower comp).

so no way to solve this other than you just have to do your best to figure out comp, performance, lifestyle on a fund by fund basis, and it isn't always easy to do.

 
  • Associate 1 in PE - LBOs
Sep 26, 2020 - 5:18pm

Let me tell you, it's a crap shoot. I measure my life now by the cadence of monthly portfolio summary meetings. The rest is a blur of work. Everyone I talked to while interviewing described what you described. Newp!

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