Investment banking into PE

[Anonymous]

If most IB analysts seem to leave to go into PE after a couple years, who ends up being the associates and MD of these departments?

Also, why can't people go straight out of college into PE, and given the high turnover rate of IB, is it easier to be in leadership there?

[Anonymous]

There are way more junior people than senior people in banking. Most juniors don’t continue on in banking, but those that stick around (and post-mba industry joiners) end up becoming the senior people eventually

There are pe firms that recruit straight out of undergrad. It is becoming more common than before, still not the norm though. A lot of pe firms don’t have the resources/time/desire to train fresh grads

[Anonymous]

Lots of fresh out of college people in PE. They're the ones trying to source deals from various lead sources. If anything hits, they pass it up the chain. Lots of cold calling.. sort of.

[Anonymous]

How is PE a better work life balance given it is still very high-stakes work?

[Anonymous]

I feel like there have been a lot of IB questions in this forum lately. Is this the same overeager mom asking?

[Anonymous]

Anonymous wrote:How is PE a better work life balance given it is still very high-stakes work?

PE is 7 days a week, who says to go there for WLB?

[Anonymous]

Anonymous wrote:I feel like there have been a lot of IB questions in this forum lately. Is this the same overeager mom asking?

If her son has IB offer he will be fine. Nothing she can do to really influence him now.

[Anonymous]

Anonymous wrote:

Anonymous wrote:How is PE a better work life balance given it is still very high-stakes work?

PE is 7 days a week, who says to go there for WLB?

Well that is the reason many leaving IB to go into PE give

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How is PE a better work life balance given it is still very high-stakes work?

PE is 7 days a week, who says to go there for WLB?

Well that is the reason many leaving IB to go into PE give

Some bankers go in investor relations, and the hours are somewhat ok. For true PE jobs, when there is a deal, you don’t take weekend until the deal is done.

[Anonymous]

IB is like in law in that they hire wayyyy more juniors than there are senior roles and the expectation is most will leave.

[Anonymous]

Anonymous wrote:If most IB analysts seem to leave to go into PE after a couple years, who ends up being the associates and MD of these departments?

Also, why can't people go straight out of college into PE, and given the high turnover rate of IB, is it easier to be in leadership there?

It isn’t just people that stick around and are analysts asked to stay that become associate. They will bring in plenty of fresh associates out of MBA programs. That’s going to be most of the associate class. And it isn’t just other associates you compete with for vp and eventually MD roles…they all do poaching/lateral hiring from other banks now. And there’s no rule saying they need to make x number of MDs each year…they can lower the number or go out and recruit.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How is PE a better work life balance given it is still very high-stakes work?

PE is 7 days a week, who says to go there for WLB?

Well that is the reason many leaving IB to go into PE give

Some bankers go in investor relations, and the hours are somewhat ok. For true PE jobs, when there is a deal, you don’t take weekend until the deal is done.

Yep in real PE (not junk “PE”) there is also a lot of pressure both in the big firms and the middle market. PE after all is about squeezing cash flow out of companies .

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How is PE a better work life balance given it is still very high-stakes work?

PE is 7 days a week, who says to go there for WLB?

Well that is the reason many leaving IB to go into PE give

Some bankers go in investor relations, and the hours are somewhat ok. For true PE jobs, when there is a deal, you don’t take weekend until the deal is done.

Yep in real PE (not junk “PE”) there is also a lot of pressure both in the big firms and the middle market. PE after all is about squeezing cash flow out of companies .

One of our PM who structures those companies into products (think 5 deals into a “portfolio”) did 20 years with maryland state pension. So there are many ways to source talent in PE.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How is PE a better work life balance given it is still very high-stakes work?

PE is 7 days a week, who says to go there for WLB?

Well that is the reason many leaving IB to go into PE give

Some bankers go in investor relations, and the hours are somewhat ok. For true PE jobs, when there is a deal, you don’t take weekend until the deal is done.

Yeah when there's a deal it's 24/7, but otherwise it's a lot eaiser than IB.

When I respond to emails from PE people interested in our company and I respond on a weekend, they usualy don't get back to me until Monday. In IB and with our lawyers, it would be same day even on weekend. It's the culture.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How is PE a better work life balance given it is still very high-stakes work?

PE is 7 days a week, who says to go there for WLB?

Well that is the reason many leaving IB to go into PE give

Some bankers go in investor relations, and the hours are somewhat ok. For true PE jobs, when there is a deal, you don’t take weekend until the deal is done.

Yeah when there's a deal it's 24/7, but otherwise it's a lot eaiser than IB.

When I respond to emails from PE people interested in our company and I respond on a weekend, they usualy don't get back to me until Monday. In IB and with our lawyers, it would be same day even on weekend. It's the culture.

Or they are modeling for a distressed company but the deal didn’t go through!