Paid 11$/hr as an associate at a PE firm first 3 months. I can’t keep working like this. The trial I’m on is awful.
How am I supposed to make a living wage working 9-10 hrs here daily. Even if they doubled the salary with a long term contract it would only by 60k/year and with those hours no carry. They keep talking about bonuses and taking on more responsibility but honestly I don’t believe it until I SEE it. PE was my dream job but this is as shitty as it gets for me. What are your thoughts on plans of action. I can’t quit until I get a FT (FT pay & long term hire) because I agreed to a trial period. I am not a lazy snob but I know this is well below market rate and I don’t see a way that they would or could even pay more than 60k and don’t get me started on their supposed bonuses and non existent carry. I am expected to take phone calls until 10pm from the associates above me. Need advice and a better well rounded view of the industry and its firms levels etc.
$11/h is absurdly low. Might not be a real firm...
You must be one or more of: living in an emerging market, you dont have a degree, the firm is a scam, or you're back back office.
Lots of data on here about what PE associates make. If you're on the investment team, in the US, the expectation should be 6 figures including bonus.
Completely agree. You're either working for a completely one-off PE firm or it's a scam
I’d go with scam got it on my resume though. But still what a waste of my time and resources.
Lol, you aren't even working in PE. Find every fucking mean to get out of there and re-evaluate your options.
I agree. How do they get away with this type of behavior.
You are literally the only person who can answer this question.
Lol Harvey & Co. isn't PE no matter what they tell you bro. Get out ASAP.
I just read the reviews to that place and quite honestly what they described is exactly like the firm I’m at. I’ll be quitting shortly. Thanks bro
The Tobin & Co. of PE?
I mean, there are a lot of holes here to give you solid advice, but off the cuff I would say get out. What's your background?
Running & owning businesses, Econ degree
With a succesful sponsor exit, or small scale lifestyle? Not to be a jerk, but hardly anyone in this business cares about small scale lifestyle business experience. It's a completely different ballgame from what an institutional investor is looking for. They're more interested in your instituational pedigree (eg. IB, etc.). Not knowing your age, trying to get into a reputable IB might not be a bad idea.
UPDATE: I WAS NEVER PAID. 2 months of working for their unprofitable asses and I quit. Then, I check back 2 weeks later and it says they are permanently closed on Google maps.
Ha that’s what they get for treating their employees mostly all unpaid interns like scum and not focusing on making profits.
Looks like I’ll be lying about this experience big time on the resume.
What even?
Quia iste rem aliquid maiores blanditiis voluptatibus. Maxime vitae molestiae adipisci fugit. Explicabo fuga repellat eius et debitis eligendi.
Nostrum iusto consequatur recusandae. Porro qui assumenda ut est magni. Rerum nobis quam est fuga fuga quam voluptas distinctio.
Et et corporis temporibus tenetur reprehenderit. Et nostrum eveniet doloribus. Vero doloribus nam voluptate dolor ut. Qui provident perspiciatis eaque tempore quasi ab.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...