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I mean its not like you are kicked out into homelessness. People want to do PE associate roles for the experience, from there you can try to do more PE, IB, Corporate Development, Operations, HF, etc. and still make good money. I dont know where you get the idea that all of these PE associates are desperately clinging to their "$300k" salaries. Most move on to better and more interesting things that may / may not pay just as much or better. I know this is shocking to you, but there are things in this life better than working in PE.
The "up or out" culture is prevalent in law, consulting, IB, etc. not just PE. It prevents people from just collecting paychecks somewhere in middle management, unlike in corporate where this is extremely common.
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I think that you are correct in the fact that you do not have good sources for this info. Typically associates go to B-school and come back to be a senior associates, if you do not get an MBA you can still transfer to another fund as a senior associate - but it is harder to get onto a partner track. HF are definitely attainable even if you are not "Wharton and amazing", this is pretty common. The notion that 90% of PE professionals are being kicked out into IB/Corp Dev is ridiculous. Some people actually want to go back to those careers, some stay in PE, so go to a HF, some start a business, etc. The number of people who wish to do PE and are not able is definitely below 50%.
I feel like I'm losing brain cells reading through this. The common path is 2 yrs IB --> 2 yrs PE --> MBA --> PE Partner Track, Corp Dev, or whatever it is you want to do. It's not 2 yrs IB --> 2 yrs PE --> stuck doing shit for the rest of your life. The expectation is that you'll go to bschool and then if you want to keep doing PE you can.
Lol I did say that I'm naive about this.
The PE track kind of sucks then, going to MBA at HYPS is a huge cost, along with the opportunity cost. Only really worth it if you want to do it for the long run, not if you wanna do it to make quick bucks then leave to start your own business.
You shouldn't do something, to do something, to do something that'll get you to do something you think you want to do in the first place.
Princeton doesn't have an MBA program and you don't go to it. I would recommend you educate yourself on the MBA part of the equation, before you start worrying about PE.
I think you should try to figure out how careers work. You seem pretty set on mapping out the path of a PE associate for the next 30 years and trashing it when you probably havent had your first round of SA interviews. Best of luck to you.
wtf
delete
how do I delete the thread? It appears that people are getting butthurt for some reason.
delete
You just posted for advice, using the following:
"So what's the point of trying so hard to break in" "That leaves the non top 90% PE professionals with going back to IB" "Only really worth it if you want to do it for the long run"
"It seems to me that this forum's obsession with pedigree is unfounded." "breaking into HF is near impossible unless you're Wharton and amazing."
Alot of the member here want to help, but you're asking for advice and telling us how it is simultaneously. You're making definitive statements on things you don't understand, and questioning the career path and educational background that many here have chosen.
If you really want advice, try to work on your approach. While you're practicing your modeling skills, maybe you should work on your soft skills, too. Just a bit of advice, soft skills will matter much more in your process to RAKING IN $300K FOREVER!
Yea I guess I was just trying to make myself feel better that I have less than 1% chance of ever breaking in, considering my current stats. Thanks anyway.
How do I delete this thread though.
I got one for you, OP: What's the point of living if we are all going to die anyway?
There isn't a point to living, so go off yourself?
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