Any introverts in private equity?
Hi! My dream job would be to work for a PE firm. But I´m not sure would I succeed or even be able to get there because I´m an introvert..and I haven´t heard of any that would work there. Do you know any introverts that work in private equity, or do you think that an introvert could work there? What about the "big names" in this field..for example Schwarzman, Perelman etc..Are they introverts perhaps? This must be the weirdest question on internet, but I just couldn´t find anything...So I decided to ask. Thanks in advance.
And if PE is a no..What other fields of finance would be "good" for introvert? Btw i don't like trading.
Everyone I've known who's done well in PE is about as extroverted as one can be (and I'd say its similar in IB, law, real estate and a lot of executive positions-tech being an outlier, look at Bill Gates) When you get to the big dogs like Icahn, Schwarzman, Kravis or in the HF world (especially activist, although Icahn could be in this group rather than PE) guys like Einhorn, or real estate like Zell they generally become extroverted assholes also (not really a criticism if that sounds odd though). When you're at the more entry levels of any of the mentioned industries you can be the smartest most detailed introvert and you'll do very well in those specific roles, but once you get to around VP/Dorector (Sr Associate in law) it's you're job to generate business, negotiate like a mad dog, manage a bunch of other type A asses and generally be in front of people all day-that may mean clients, investors, portfolio companies, management, the other party selling or buying assets (companies, properties, etc). When all you have to do as an analyst is pump out models and ppt's, or entry level law drawing up and revising contracts all day, introversion and attention to detail works to your favor.
More quantitative trading fields would be ideal for introverts but I'm not in that world so I can't really give details or say if that's just a stereotype on my part. Think hedge funds, high frequency trading, I don't know if prop trading is the exact terminology for what I'm thinking (I met a friends brother who works at Jane St and had done absolutely incredibly well, like tens of millions by his late twenty and he had the social graces of a mule and would have rather been doing anything except for being in a social situation) and generally positions like that.
They call them analysts for a reason.
PE is not a team sport, pal. If you're a team player go to ops or hr.
Isn't one banker stereotype the shy Indian that made partner?
The reality is the shy guy in his 30s who is still an associate.
I've never come across that stereotype live in the US but I've done business in India and while some Indians may come across as shy and softspoken, I think that may just be a cultural thing (don't mistake soft spoken for introvert) because they've been some of the most aggressive and extroverted motherf'ers I've ever dealt with, and those have been guys on our team. The guys across the table were worse.
An introvert isn't someone who is shy. They're completely different. I'm a very outgoing person, love talking to people, but I'm introverted in the sense that I need my alone time after a certain amount of interaction with people. I just run out of social fuel and need to recharge after a while. As an introvert I haven't had any problems with regards to networking or anything like that, but sounds like OP is asking if SHY people can be in PE (not introverted).
The answer is, probably not. To generate deal flow you have to meet a lot of people, get to know them very well, and build up your network. When you get past the Associate level your job is pretty much to generate deal flow and interact with the investors, so it's 100% a people job.
What I will tell you, though, is that I used to be a really shy guy. Networking for a year helped me start to overcome that, and when I got into the field and started going to networking events regularly my shyness quickly went away. So if you're shy, getting a job where your job is to network with people can make that go away quicker than anything else.
I didn´t mean shy..I also ain´t shy but i for example don´t like parties..I like to be with people, but sometimes i need to be alone. I just want to know that can someone who is introvert (needs to recharge alone..not shy!) make it in the PE business to MD level etc..And if so, is there any examples. For example if here is someone who is introvert but in PE please let me know. As i said introverts arent shy remember..or even quiet. Famous introverts include: David Beckham, Brad Pitt, Johnny Depp, Alan Greenspawn, Marilyn Monroe! But thanks for your answers anyway.
Quick definition:
in·tro·vert ˈintrəˌvərt/ noun noun: introvert; plural noun: introverts
If that's what you mean by introvert, then I'd say it would be tough. If you just need to get some time by yourself, it would completely depend on how much time you need. If you need to leave the office at 5 and spend five hours daily alone in a dark room until you go to sleep and don't want to see people over the weekend, it will be a tough job. If you just need a couple of hours a week to recharge, then I wouldn't say it would be a problem.
Forget about if it's possible because anything is possible, but if you're truly introverted would you really like the job? When you get to the upper levels of PE (or IB, etc) you're pretty much working and need to be on nearly all the time. I don't sit in the office until all hours like analysts or associates but I'm out to dinner or drinks multiple nights per week, do lunches nearly every day and a couple of breakfast meetings/coffees weekly. And when I travel for work I jam as much face time in with people in that city as possible, even if they're not the reason I'm going there. And when I'm in the office I actually produce very little, i.e. I'm not sitting in front of my computer going nuts on excel, I'm more or less on the phone or in meetings all day every day.
I´m like 60 % introvert, 40% extrovert.
I usually get 100% extrovert. According to the Urban Dictionary definition 2, bullet 1 an extrovert is: "A person who gets drunk, has sex, and goes to parties ALL THE TIME." If I'm 100% of all the time, what does that make me?
An alcoholic man-whore?
Playboy is a nicer word.
You've made my day haha... lame I can't give you SB.
Is anyone else thinking the OP just lacks people skills and is hoping they wont have to work on it because its 'tough'?
If you don't have to push beyond your comfort zone in some way to get it, is it really worth pursuing?
NO idon´t have poor social skills..I just don´t have problem being alone. I googled and found out that Mitt Romney who is famous in the PE field is an introvert. So i guess i answered to my own question.
That's probably why he lost the election. On the other hand, it could be because the most hedonistic, naughty pleasure he admits to indulging in is PB (the food not the magazine) and chocolate milk.
I read the book "Quiet" and it says that if you're passionate enough about a certain career, you will "pretend extrovert" your way through certain hoops expected of you. One of the examples she mentioned was an ivy league professor who is the most energetic and lively speaker during his lectures but a soft-spoken recluse in real life (after each lecture he immediately goes to the bathroom and sits in a stall). In this case the guy loves what he teaches and loves to interact with students so much that he compensates for his natural low-key temperament.
The best definition I have read is that introverts lose energy socializing and build it with alone time. Extraverts the opposite. I know CEO's who have spent decades fully functional and successful but admit to being more Int than Ext. What seems like extroversion is just a job requirement which most people can master, just like valuations or some more linear skill.
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