Sweatshops and Pay
Hey everyone, I wanted to know which pe shops are considered to be sweat shops and why? I.E. I keep hearing that Apollo pays 400k but they’re the pinnacle of sweatshops and cause some to quit within the year.
Hey everyone, I wanted to know which pe shops are considered to be sweat shops and why? I.E. I keep hearing that Apollo pays 400k but they’re the pinnacle of sweatshops and cause some to quit within the year.
+41 | Boomerang from PE back to IB? | 6 | 2d | |
+40 | Trading PE Secondaries? | 27 | 2d | |
+34 | Best Tech PE Deals Ever? | 29 | 1d | |
+31 | Tech PE oncycle ranking | 24 | 6h | |
+31 | Joining an exciting new Software Rollup over PE/ Growth Equity? | 24 | 1d | |
+20 | Autism in PE | 4 | 3d | |
+20 | Advice Needed: Starting Career at Smaller PE Firm | 6 | 2d | |
+20 | F500 Corp Dev (Manager), Or PE Portco Corp Dev (Mid-Level) | 5 | 5h | |
+19 | PE BD/IR | 7 | 4d | |
+18 | PE offer — Post reference check waiting too long | 6 | 1d |
Career Resources
In GENERAL Mega Funds and Upper Middle Market late stage funds will lean towards being sweatshops since the deals are bigger and have bigger parties (tax, accounting, legal, consulting, management, etc.) involved in the process. Overall more time and money are thrown towards these bigger deals and there is a lot at stake if each platform deal is one of 10-15 total investments. Additionally, some of the MFs are public and so they have to try and deploy that capital quickly so they can go out and raise additional AUM, which causes a ton of work and stress.
Although the Middle Market and Lower Middle Market seem to be less sweaty, there are situations where due to a lack of resources, you actually end up getting crushed being responsible for the entire deal process.
In terms of pay, you can use latest fund size to approximate in most cases. Definitely do your diligence on any fund you are interested in.
Thanks!! This color is extremely helpful.
There is definitely a pain premium at a place like Apollo and associate turnover is incredibly high. Disagree with the below poster that the hours are because of deal sizes. A lot of time is spent generating pages / output to satiate Senior Partners and create the guise of "doing things" (long facetime and content, short diligence). There's enough money at stake for the mid-levels that they're happy to crush / ASAP the junior guys on mindless tasks even if it has a marginal impact on the deal partners' perception of their value-add.
I'm hard pressed to find an associate who left Apollo that wholly regrets their decision.
You kind of just proved my point though:
"There's enough money at stake for the mid-levels that they're happy to crush the junior guys on mindless tasks even if it has a marginal impact on the deal partners' perception of their value-add."
That's the point. These deals are so big, there are so many people on the team, that there is an incredible amount of work just "done" to justify the entire process. That's why MFs are called banking 2.0.
I think you'd also be hard pressed to find an associate who left Apollo and says that it in no way helped their careers/exit opps.
I hear you. Unfortunately most of an associate's time isn't even deal related. It's random portfolio company decks and firm overviews for prospecting.
Not arguing about what kind of work they do, just about the amount. Agree
Sed in doloribus velit. Cumque ullam sit quia iste. Qui fugit voluptatem quae doloremque autem sapiente. Saepe ea alias sequi officiis similique doloremque. Voluptatum voluptas perferendis at.
Labore quia occaecati fugiat excepturi. Quia ut quidem et ea. Neque at minima ullam optio iusto eos excepturi. Aut molestias ut fuga error sunt hic voluptatum. Necessitatibus et dolorem ab minima asperiores. Veritatis ut maxime beatae quo.
Dicta aut laudantium soluta iure quis. A at repellat at quia.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...