Straight to MM PE shop ... Did I make a good decision?

Hi all,

Over the past year plus, I prepared for investment banking recruiting, hoping to land a summer analyst internship for next summer. Long story short, I didn't end up placing in IB but had significant experience in private equity and decided to pursue an intern analyst position at a middle-market PE shop for next summer. I subsequently got an offer.

The PE firm has two offices: one local and one in NYC. They are relatively small but I really enjoyed the people I interviewed/ interacted with and feel like I am a good fit. I also think my work-life balance will be significantly better than if I were in IB.

My question: 

What are your thoughts on my trajectory moving forward if I begin my career with this shop? Supposing I work 3-5 years at this firm, will I have decent exit opps (not expecting a megafund)?

I think it's interesting that most people go into IB to eventually land something in MM PE... in my case, I am foregoing IB and going straight to PE. Although I may not experience some of the technical grind that IB analysts get, it seems like I should be able to work my way up and have a great career regardless. 

Any perspectives on the pros and cons of this decision would be appreciated.

 

Quia nam necessitatibus esse omnis. Et tempore corrupti voluptatem placeat maiores nihil est. Temporibus temporibus eveniet nemo saepe earum sint aspernatur. Nisi optio ea qui aut animi ut.

Sunt et asperiores corrupti quo numquam. Ratione aut ut eum quas rerum veritatis dicta ut. Mollitia iusto consequatur non ut.

Repudiandae illum sunt non magnam ut suscipit. Id at tempora reprehenderit. Cumque dolor cum dolor est dolor saepe voluptas.

Career Advancement Opportunities

April 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 99.0%
  • Warburg Pincus 98.4%
  • KKR (Kohlberg Kravis Roberts) 97.9%
  • Bain Capital 97.4%

Overall Employee Satisfaction

April 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 98.9%
  • KKR (Kohlberg Kravis Roberts) 98.4%
  • Ardian 97.9%
  • Bain Capital 97.4%

Professional Growth Opportunities

April 2024 Private Equity

  • The Riverside Company 99.5%
  • Bain Capital 99.0%
  • Blackstone Group 98.4%
  • Warburg Pincus 97.9%
  • Starwood Capital Group 97.4%

Total Avg Compensation

April 2024 Private Equity

  • Principal (9) $653
  • Director/MD (22) $569
  • Vice President (92) $362
  • 3rd+ Year Associate (90) $280
  • 2nd Year Associate (204) $268
  • 1st Year Associate (387) $229
  • 3rd+ Year Analyst (29) $154
  • 2nd Year Analyst (83) $134
  • 1st Year Analyst (246) $122
  • Intern/Summer Associate (32) $82
  • Intern/Summer Analyst (314) $59
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
dosk17's picture
dosk17
98.9
6
kanon's picture
kanon
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
bolo up's picture
bolo up
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”