Comments (11)

 
  • Analyst 1 in IB-M&A
Sep 12, 2020 - 1:50pm

Ik you're joking but I think some people really think this. My brother works at a MF and he even tells me he misses banking workload/hours. Seems to vary drastically by firm though

Array
 
Sep 8, 2020 - 10:15pm

Like 9-2/3am mon-thurs then 9-11 fri then 10-10 sat/sun so like 105-110 hours was the worst for me. In reality there’s more volatility so 12am night and one alL nighter thrown in there somewhere 

 

 

 
Sep 11, 2020 - 1:51pm

Worst weeks in PE are generally not much different than worst weeks in banking. I will say, during a live deal process in PE, you can get into a few weeks stretch that are worst than banking (consistently working 100+ hrs a week). When it rains it pours, much less ebb and flow vs. IB. 

"My name's Ralph Cox, and I'm from where ever's not gonna get me hit"
 
  • Analyst 1 in IB - Ind
Sep 12, 2020 - 1:47pm

Isn’t the work in PE more stressful/your ass is on the line? In my experience in IB when analysts usually have something live they basically throw together pitch materials and send it to the associate. I’m assuming you have to be more diligent in PE?

Array

 
Sep 13, 2020 - 3:56am

PE deal teams are much skinnier (firm dependent) often times, associate can work with a principal/partner alone so you don’t get the checks and balances from banking (Asso turns An, then VP checks, then D checks before MD). And the work is deeper as transaction parties did the mechanical stuff, and the hours are true (not really sitting and waiting on turns)

Array
 
Most Helpful
Sep 11, 2020 - 3:16pm

Trying to front-run a deal and complete business diligence simultaneously with third party diligence. You spend 8am - 6pm on diligence calls with your third parties then you spend 6pm - 4am modeling everything you learned on your third party calls and completing ad hoc business diligence analysis. Everyday M-F is like this. Then you spend the entire weekend doing business diligence analysis and prepping an IC memo. This process bleeds into the next week and can last up to two weeks. This is at the junior level. The senior levels are on all of these calls, but also managing and much more involved in the financing and legal workstreams.

Way worse than anything in banking, bc there is no down time like there is banking. it's just a constant a grind through a seemingly never-ending pile of work.

Other times aren't near as bad banking. But PE's worst side is much worse than banking imo. I will say PE is just as stressful as banking, but a different kind. Banking you're always operating under a deadline which creates stress. In PE there aren't as many deadlines but you never fully clear your plate of work. There is always something else that needs to be done, although not as urgently as banking, but needs to be correct. So it's the amount of work that needs to be done accurately that creates the stress in PE.

 
Sep 12, 2020 - 1:35pm
Start Discussion

Total Avg Compensation

September 2020 Private Equity

  • Principal (6) $693
  • Director/MD (14) $640
  • Vice President (52) $364
  • 3rd+ Year Associate (60) $272
  • 2nd Year Associate (110) $247
  • 1st Year Associate (240) $223
  • 3rd+ Year Analyst (23) $162
  • 2nd Year Analyst (52) $141
  • 1st Year Analyst (147) $117
  • Intern/Summer Associate (16) $67
  • Intern/Summer Analyst (164) $61

Leaderboard See all

1
LonLonMilk's picture
LonLonMilk
98.3
2
Jamoldo's picture
Jamoldo
98.3
3
Secyh62's picture
Secyh62
98.2
4
CompBanker's picture
CompBanker
97.8
5
Addinator's picture
Addinator
97.6
6
redever's picture
redever
97.6
7
Edifice's picture
Edifice
97.6
8
frgna's picture
frgna
97.5
9
NuckFuts's picture
NuckFuts
97.5
10
bolo up's picture
bolo up
97.4