I'm really sorry to be blowing up the board with so many new threads, but the more and more I look into PE (and it's still relatively new to me, obviously), the more specific questions I have. Hopefully this hasn't been too annoying for all of you (if it is, let me know, and I'll try to get some of the older threads removed or at least combined).
But as some of you had probably already guessed, I'm not sure that the PE lifestyle is for me. I'd really, really like to have summers off to relax, travel, and do my own thing for a little while each year. So, I'm thinking that a career as a business school professor might be more suitable for me. For me personally, the tradeoff between salary and flexibility would be more than worth it.
So now I am primarily focused on business area PhDs where I could teach for 100+K a year, and do some independent consulting on the side to make a little extra cash throughout the year.
I'm guessing that some of the smaller pe firms need to hire out consultants with specialized knowledge in some fields. and I'd like to become one of those people with specialized knowledge in a useful field that gets hired out.
does anyone have any good ideas? (p.s. - i'm well aware that i'd probably have to get some full-time indusry experience either before or after getting my phd for this plan to work)
the best guesses i have are...
1) to become an academic expert in a certain industry...so i would have knowledge of which companies are headed down, up, and which ones are missing out on their potential. i'm guessing that the smaller firms can't afford to have an expert of EVERY single industry on the pay-roll full-time. or maybe i could become a general expert of emerging economies?
2) private equity law? maybe some small firms can't afford to carry the expensive lawyers that are necessary to getting the deals completed year round?
3) business strategy experts? do <abbr title="private equity
">pe firms ever hire outside consultants with a great deal of expertise in general strategy to help turn around their recent purcheses?
As always, any wisdom would be greatly appreciated!
Private Equity Interview Course
- 2,447 questions across 203 private equity funds. Crowdsourced from over 500,000 mem.
- 9 Detailed LBO Modeling Tests and 15+ hours of video solutions.
- Trusted by over 1,000 aspiring private equity professionals just like you.