What is so hard about staying on (and moving up) in private equity?
We hear about how hard it is to move up. What makes it so difficult?
It would seem that given how exclusive each offer is, a firm would hire with the intention of investing in you as hopefully a lifer.
But then I read about stories like Patrick Curtis's and how he after graduating with a H/W/S MBA, he randomly gets axed from his PE job after three months and gets asked to sign some (non-disclosure?) regarding his firing.
What makes it worse is that when people leave, they rarely tell you why. They make it sound like their own choice or like they just wanted to make a startup.
What do newbs need to know about office politics? About the first few months? What else?
When people get pushed out, what is the real reason behind that?