Q&A: Senior Associate at MM PE Fund
I used WSO extensively when I was breaking into finance and have been meaning to do this for a few years now. Background: I grew up in a town with <1,000 people and had never heard of ibanking. I then went to a non-target school (defined, in my case, as the last person to get into ibanking directly from school was in the 90s) w/ a 4.0 gpa, cold-called and emailed my way into a 4 person ibanking shop my sophomore summer which I then leveraged into a MM ibanking internship where I worked full time for a year, went to a PE fund for 3 years, and have been at my current fund for over a year (which allows promotion w/o an MBA) where I plan to be for some time. I also write about mental models, investing and misc. stuff (wrote a piece on advice to my younger-self that could be applicable to many here) at the website clearingfog.com and am on twitter as @clearingfog_III. I use it more as an avenue to meet interesting folks and tease out ideas. I am not sure what my end goal is. Within PE I like learning about business models and industries more so than the execution and portfolio work. As such I may try to start my own HF with a microcap bent and highly concentrated (7-10 investments) or I may just continue along the "track". Lowlights: I interviewed at a BB bank and didn't know what EBITDA was (suffice to say I didn't get a call back), but I did take Aswath Damodaran's classes online which I would highly recommend if you don't get a formal finance education Highlight: probably my current job or finally getting my internship offer. With that, I plan to be online next few days to answer any questions. So ask away.