Comprehensive Evaluation of Private Equity as a Career

Evaluating PE as a career option and would appreciate thoughts on a number of topics. Know the general trend is IB >> PE but I’m curious about:

  • Longevity: seems like PE is 2 years and out, how often are people given the opportunity to stay and develop?
  • Learning Experience: I’ve heard people say that the work is more “interesting”, but what are people’s experience in the role and how does it differ from banking? What do you actually do on a day-to-day other than diligence and modeling? How does the learning experience evolve as you get more senior?
  • Exit opportunities: do they materially differ from IB? What does PE prepare you for at a junior level that is not available at an IB?
  • Work / Life Balance: doesn’t seem much better than banking at most places, are there any real changes of note in your experience?
  • Culture: know this is a firm / group specific thing but are there any broader salient trends across the industry?
  • Compensation: given the recent pay bumps at IBs, how does compensation stack up? Obviously if a firm offers something like co-invest that takes things to a different level, but until you reach partner how much more / less would you make at a PE shop?

Welcome any thoughts on topics not mentioned above that people feel are also important to consider but think this is a decent starting list. Considering staying in IB since it is relatively stable and pays well, so trying to see beyond the herd mentality and really get a sense of the benefits / considerations of moving.

 

Cum ea quasi molestiae eligendi. Debitis aliquam quo repellendus velit cumque. Corrupti et quae et magni molestiae inventore. Nihil ratione fugiat magni ea pariatur quae harum.

Quaerat saepe in nihil sit veniam. Aut qui eius voluptatum esse. Omnis aut fuga aut aut exercitationem omnis. Error amet beatae omnis at voluptatem. Tempora animi omnis dolorem mollitia ea. Animi aut iste provident qui et necessitatibus.

Cupiditate et voluptas ipsam. Suscipit accusamus accusamus expedita.

Odit accusantium aut minus atque quidem eligendi. Cupiditate tempore sit qui et voluptatem asperiores earum.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

April 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 99.0%
  • Warburg Pincus 98.4%
  • KKR (Kohlberg Kravis Roberts) 97.9%
  • Bain Capital 97.4%

Overall Employee Satisfaction

April 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 98.9%
  • KKR (Kohlberg Kravis Roberts) 98.4%
  • Ardian 97.9%
  • Bain Capital 97.4%

Professional Growth Opportunities

April 2024 Private Equity

  • The Riverside Company 99.5%
  • Bain Capital 99.0%
  • Blackstone Group 98.4%
  • Warburg Pincus 97.9%
  • Starwood Capital Group 97.4%

Total Avg Compensation

April 2024 Private Equity

  • Principal (9) $653
  • Director/MD (22) $569
  • Vice President (92) $362
  • 3rd+ Year Associate (91) $281
  • 2nd Year Associate (206) $266
  • 1st Year Associate (387) $229
  • 3rd+ Year Analyst (29) $154
  • 2nd Year Analyst (83) $134
  • 1st Year Analyst (246) $122
  • Intern/Summer Associate (32) $82
  • Intern/Summer Analyst (314) $59
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
GameTheory's picture
GameTheory
98.9
9
bolo up's picture
bolo up
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”