At Senior Level, Does IB or PE travel more?

I hate traveling and one of my rainmaking MD was on the road 20+days in a given month. Does this change as a partner or principle at UMM/MM fund? Best I can do is travel twice in a month. Appreciate any insights.

Comments (6)

 
  • Principal in PE - LBOs
Jan 16, 2021 - 12:36am

Depends on the firm but for us it's a lot of daytrips for management meetings and portco board meetings. Travel maybe 5-6 days a month but spend the night in a hotel only 2-3 times (usually for dinners the night before a meeting). Having a jet helps. 

 
  • Principal in HF - Event
Jan 16, 2021 - 12:51am

When I was a banker (only an associate), I had to travel so much that I racked up 300k miles w/ United in half a year. Had a good amount w/ Southwest too.

I think it really depends on the group and the MD and his client base.

 

But note that all travel has stopped since Covid.

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