PROVIDENCE STRATEGIC GROWTH
Does anyone have any info on comp / prestige / WLB? Any insight is helpful. Seems like they do growth buyouts?
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Prestige 7/10 - WLB 7/10 - comp 8/10
What's comp in London?
can you elaborate? would be incredibly helpful, especially for Boston HQ. Tanks so much!
How about hours?
Any word on LDN comp?
....
are they compensated well? Are they happy there?
Just updated my job title...
Heard it's very in-line with the MM/UMM pay, although I don't know what the exact number for comp is
Comp is in line with market if not a little above, pretty well known within growth even though their version of growth is really just MM tech buyouts and a lot of rolling up. Work life balance is supposed to be pretty bad and they have unusually long promotion cycles. I've heard unless you're exceptional, 3 years to SA and then another 3 to VP. Not a terrible place to work, but I feel like it's kind of tapped in the sense that, it's a big fund now so it's going to behave like one. Fund has done well though and they've raised capital aggressively. Up to you on the experience you want.
“mrharveyspecterComp is in line with market if not a little above, pretty well known within growth even though their version of growth is really just MM tech buyouts and a lot of rolling up. Work life balance is supposed to be pretty bad and they have unusually long promotion cycles. I've heard unless you're exceptional, 3 years to SA and then another 3 to VP. Not a terrible place to work, but I feel like it's kind of tapped in the sense that, it's a big fund now so it's going to behave like one. Fund has done well though and they've raised capital aggressively. Up to you on the experience you want.”This is spot on. The only thing I'd add / reiterate is that they are laser-focused on buy-and-builds (e.g., similar to an Audax). They also seem to have a very close relationship with Greater Sum Ventures (GSV); whereby they often acquire their PortCo's once they achieve a certain scale. They have also completely distanced / separated themselves from the traditional Providence (PEP) — and just closed a $4.5B fund, over their hard cap, so they are now officially in the "big leagues"… although the target has now moved.
does that mean 300k aso1? or less cause growth or bos?
Can say this entire description is incredibly wrong in every way. Not a bit of this is true. If you want actual details, DM me.
If you have the "truth" why not just post about it here. Plus, the opposite of everything I said would make 0 sense. So PSG actually has great work life balance, focuses only on minority growth deals, and is a rapidly growing, new to market fund?
I've worked closely with PSG, know a few folks who are there/have worked there, and recently had a close friend go through the post-MBA recruiting process this past year, get an offer, and tell me about the promotion cycles, culture, etc. So while my info may be a little dated for an analyst getting hired as an Associate right now, at a minimum I'm strongly directionally correct about PSG.
Comp is massively below market. Friend just got an offer there and it was less then first year analysts at my bank made last year
Perhaps its changed for Associates especially given all the comp increases. The older numbers I have and by older I mean 1-2 years ago, PSG always paid pretty close to market. My most recent comp was from a post-MBA who got an offer there this past summer and it was pretty in-line with similarly sized funds.
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