People who have worked at both PE and AM: which job did you think was more fulfilling?

Lets disregard pay for now. Which job did you think was more fulfilling? Reading through previous posts it seems to me that people that got into PE were left disappointed because instead of real "investing responsibilities", most of their time was spent on managing deals. As for AM, there's not a lot of info about that here.

Comments (5)

 
Jul 29, 2020 - 4:23am
 
Aug 2, 2020 - 10:58am

It's honestly very hard to generalize. Your experience will be dependent on the culture of your team and other factors.
For PE, it depends on how well the PE firm is doing (are portfolios doing well, are they getting deals) and culture.
Ex:
PE firm A might treat you like a slave and have you update pitchbooks 24/7, without giving you an opportunity to learn the operation side of the business or pitching in. This makes it equivalent to banking.

For AM I think it's even harder to generalize as there are a lot more AM firms than PE.

Unfortunately, it's not enough to focus on the industry, your firm/team will make or break your experience.

Array
 
  • Principal in VC
Aug 2, 2020 - 11:27am

Did both, found public markets to be boring and stressful at the same time. Happy to be back on the private side now.

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