GIVING UP ON MOVING TO THE BUY SIDE
Hi,
This post is for me to reach a cathartic release.
After a year of trying to move to the buy side - 25+ companies, 100s of interview, plenty of case studies. being dinged in penultimate rounds, getting ghosted after the first round. I AM DONE
My bank is actually not bad & my team is friendly. You might say sour grapes but after multiple interview experiences, I have gathered that the PE/VC world will not offer that much better work life balance or pay (unless its an MF maybe). PLUS you have to deal with the biggest snobs in the world who think they are the ultimate shizz. Atleast in IB our clients keep us humble.
PE/VC guys are not looking for guys with technical skills who are sociable and trainable/adaptable. They are looking for some form of demi gods that I dont think I will manifest into in the near future. All the MF guys want consultants (This is a South Asian Market - NOT US) but will waste your time with 6-7 rounds.
Hopefully, I will learn more at my current firm and ultimately start my own venture.
[ ALSO POSSIBLE THAT IM INCREDIBLY DUMB - FEEL FREE TO SHIT ON ME ]
how do you do interviews/cases in other companies while you’re working?
Edit: I mean, how did you justify being out of the office so often without raising concerns, just curious ..
I had to start out super early in the morning and sometimes interview late in the nights if the PE teams were in a nearby hotel closing the deal. Since the lockdown it has completely ruined my weekends with insane case study and model tests. Sometimes they would make me do two days worth of work and not even give a chance to present my case study/ model
Which country are you in?
Very large South Asian Country - with a not very mature IB, PE, VC ecosystem
Assuming you work for a large bank - have you thought about internal mobility and trying your luck in another geography? You'll get more traction and opportunities (even in EMEA as an Associate) - although the usual caveats around visas, languages apply.
I know it sounds like a pain but thought it's worth a thought
Feel free to PM me if you want any advice on the situation. I’ve been working in buyside roles in the same country / region for a number of years.
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