I am at a PE start-up firm and I have some questions about my next step and more longterm career opportunities.

I graduated from a top school in May with a pretty decent GPA and had an offer from a boutique bank in equity sales that ended up going under and firing half the desk so I lost the offer. I found my current position shortly after. I am now at a PE start up (less than a year up and running) that specialized in late-stage, pre-IPO private companies and does proprietary research on these companies (which we sell) and also organizes funds to act as investment vehicles into shares of the companies (raise capital as well as source shares from employees, early investors, VCs etc...) I started here as an intern (I really wanted something while I was looking for another job so my resume didn't look empty) and after about a week they said they really like me and gave me an offer. It is a little bit lower paying than a comparable position but I really liked the office and felt like there could be potential for a big upside if we do very well. Long story short, I have been here 2 months now and I am not particularly happy. The office is really disorganized and most of the office work falls on me - I am a glorified receptionist. I don't mind working hard, late hours etc.. but I don't want to miss out on valuable training time because I am ordering business cards and on the phone with the IT guy for 2 hours. I feel like I am not getting the experience that I need for the long run of my career. I also feel like the management has no intention of fixing this and the longer this continues the more reason it gives them to not promote me or to move me to admin permanently (I also fear this because this happened to a coworker of mine who had been with the company from the beginning and just left a few weeks ago. We met that weekend and he explained the situation in more detail).

So I was hoping some more experienced PE guys could give me some advice on learning all I can while I'm here, things I can do outside of work to get the experience I feel I'm lacking (research, professional certifications etc...) and other positions/firms that might be a good next step for me.

Sorry for the long-winded explanation. Thanks

Comments (4)


I'm not in PE but leaving any place after 2 months is definitely not a good look. If I were in your position I would at the very least stick around for 6 months.

"Don't quit. Suffer now and live the rest of your life as a Champion" - Muhammad Ali

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I should have mentioned that in my post. I was planning on staying at least 10-12 months. I just wanted to get a start on learning more about the business so I would feel more confident when it came time to move


The best thing to do is use any free time that you have to work on a skill set that will help you in the future. Familiarize yourself with financial modelling (there are plenty of solid courses available), accounting concepts, market concepts, financing structures, etc. We live in an age where google has literally made it possible to become an expert in any field.

You should absolutely stick it out for an entire year no matter how worthless you think the experience is. At the end of the year, sit down with your boss and voice your concerns. Admin work is part of your job description as a new hire but you need to tell your boss that you want more responsibility including reviewing investment opportunities and related components (teasers, CIM/OMs, financing documents, term sheets, etc.).

It may even make sense to sit down with your boss right now and express these concerns. Mention that you are fine doing plenty of admin stuff but you really want to learn the business.


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