Post banking roles at Insight, Summit, TA, etc. etc. Comp I’m aware is a slight haircut to MFPE at around ~300 all in I believe, so curious about the other things (following the perks thread a bit, want more specificity)
How much is sourcing, and what’s the internal promotion like? How competitive to get compared to typical UMM / MF recruiting?
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Interested! Would also be curious as to what general WLB is like at these top GE funds and if stress/lifestyle is generally better since hours are less than traditional buyout?
I heard it can be better. Like, a lot better. And if it at all models anything like the companies they buy (tech companies that are not buttoned up like corporate PEs may be) then I’m curious to hear to what extent
Think it depends a lot on the firm. Although TA is traditionally a growth firm, they're starting to look more like buyout so wonder if the hours are worse
Bump
Can someone share what typical hours are like in growth?
Hours at funds like Lead Edge / Silversmith are really good with similar comp.
I don't work at Insight/Summit/TA but work at a growth equity arm of a megafund. I typically work 55-60 hours per week, getting to 80+ when we are pushing forward on a live deal (probably 25% of weeks).
Split between sourcing & execution is roughly 50/50 but this is firm-dependent, I know Summit for example is going to lean more heavily towards sourcing as a post-banking associate.
Internal promotion also varies fund to fund. Summit/TA seem to push b-school pretty hard but place really well into HBS/GSB. Insight seems to do more direct promotions from what I can tell on LinkedIn.
As for perks, I can't think of anything that stands out vs. other PE firms. Standard stuff like annual offsites in a cool location, paid lunch/dinner, business class flights (not really a perk considering work travel sucks), vendor / law firm events and access to their suite, etc.
Thanks for this.
What does WLB look like for your VPs (or whatever the post-MBA level is called)? And how would you say their time is split among responsibilities?
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