Any Investment Banking or Private Equity professionals?

[Anonymous]

Anonymous wrote:IME williams has better placement per capita than this tier indicates.

Yeah, I’d say it’s hardly “rare” for Williams to place graduates in investment banking.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Are you sure you want to build this onramp to Adderall and anxiety? Speaking as a dual PE family, I would not onramp my kid into this. You know who makes a lot of money? People who build great companies (owners or high level execs) who exit to PE or public markets every 2-3 years but still have a life.

Nobody who achieves great success has "a life". The people that built those great companies worked their asses off as well.

The happiest folks in PE have a personal net worth number at which point they are happy...and then they quit. Many times you can hit a $20MM+ net worth number by your mid-to-late 30s if you are at a Blackstone/KKR/ et al, which for many people that's enough.

Not the PP to whom you’re responding but another PE PP. For the same amount of work my PE spouse has put into achieving an 8 figure net worth, my serial entrepreneur family member has achieved a 10 figure one. The latter has had a lot more fun along the way too. We’re encouraging DC to follow my family member’s footsteps, not my spouse’s.

But what is this business you're taking about. And you must hit the wave of the business model in the perfect place. Not too soon, not too late.

I know people who have made a fortune in small commercial real estate. But it takes years to build up a portfolio before it really pays off.

Family member created and sold first business for 8 figures while still in college, enjoyed several years “off,” then continued the cycle in various industries. Timing is indeed key, but in conjunction with vision.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Are you sure you want to build this onramp to Adderall and anxiety? Speaking as a dual PE family, I would not onramp my kid into this. You know who makes a lot of money? People who build great companies (owners or high level execs) who exit to PE or public markets every 2-3 years but still have a life.

Nobody who achieves great success has "a life". The people that built those great companies worked their asses off as well.

The happiest folks in PE have a personal net worth number at which point they are happy...and then they quit. Many times you can hit a $20MM+ net worth number by your mid-to-late 30s if you are at a Blackstone/KKR/ et al, which for many people that's enough.

Not the PP to whom you’re responding but another PE PP. For the same amount of work my PE spouse has put into achieving an 8 figure net worth, my serial entrepreneur family member has achieved a 10 figure one. The latter has had a lot more fun along the way too. We’re encouraging DC to follow my family member’s footsteps, not my spouse’s.

That's missing the point...the PE spouse likely would never be an entrepreneur because they don't have the mindset or attitude. The vast majority of entrepreneurs fail and don't end up with any net worth, but that's the life they choose.

That's why it's silly to say don't become a BigLaw partner, become a successful entrepreneur instead. BigLaw partners aren't entrepreneurs...they would fail miserably if they tried.

A Blackstone PE executive has call it a 75%+ chance of achieving UHNW status, while most entrepreneurs have a 5% chance at best.

Yes to all of this. I was so confused by the earlier posts. Do you realize that PE is attainable if you have the right work ethic and go to the right schools and grind? Does it occur to you that you can have the right work ethic, go to HYPMS, have a great idea, grind like a maniac, and still, your chances of selling a business that higher than your opportunity cost is miniscule?

- lawyer wife of a HBS grad whose startup sold for peanuts after I funded it for years.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Are you sure you want to build this onramp to Adderall and anxiety? Speaking as a dual PE family, I would not onramp my kid into this. You know who makes a lot of money? People who build great companies (owners or high level execs) who exit to PE or public markets every 2-3 years but still have a life.

Nobody who achieves great success has "a life". The people that built those great companies worked their asses off as well.

The happiest folks in PE have a personal net worth number at which point they are happy...and then they quit. Many times you can hit a $20MM+ net worth number by your mid-to-late 30s if you are at a Blackstone/KKR/ et al, which for many people that's enough.

Not the PP to whom you’re responding but another PE PP. For the same amount of work my PE spouse has put into achieving an 8 figure net worth, my serial entrepreneur family member has achieved a 10 figure one. The latter has had a lot more fun along the way too. We’re encouraging DC to follow my family member’s footsteps, not my spouse’s.

That's missing the point...the PE spouse likely would never be an entrepreneur because they don't have the mindset or attitude. The vast majority of entrepreneurs fail and don't end up with any net worth, but that's the life they choose.

That's why it's silly to say don't become a BigLaw partner, become a successful entrepreneur instead. BigLaw partners aren't entrepreneurs...they would fail miserably if they tried.

A Blackstone PE executive has call it a 75%+ chance of achieving UHNW status, while most entrepreneurs have a 5% chance at best.

Not disagreeing with you. My PE spouse does indeed lack the mindset and attitude to be an entrepreneur. My point is that we’ve tried to raise DC to think bigger like our entrepreneurial family member.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Are you sure you want to build this onramp to Adderall and anxiety? Speaking as a dual PE family, I would not onramp my kid into this. You know who makes a lot of money? People who build great companies (owners or high level execs) who exit to PE or public markets every 2-3 years but still have a life.

Nobody who achieves great success has "a life". The people that built those great companies worked their asses off as well.

The happiest folks in PE have a personal net worth number at which point they are happy...and then they quit. Many times you can hit a $20MM+ net worth number by your mid-to-late 30s if you are at a Blackstone/KKR/ et al, which for many people that's enough.

Not the PP to whom you’re responding but another PE PP. For the same amount of work my PE spouse has put into achieving an 8 figure net worth, my serial entrepreneur family member has achieved a 10 figure one. The latter has had a lot more fun along the way too. We’re encouraging DC to follow my family member’s footsteps, not my spouse’s.

But what is this business you're taking about. And you must hit the wave of the business model in the perfect place. Not too soon, not too late.

I know people who have made a fortune in small commercial real estate. But it takes years to build up a portfolio before it really pays off.

Family member created and sold first business for 8 figures while still in college, enjoyed several years “off,” then continued the cycle in various industries. Timing is indeed key, but in conjunction with vision.

This is the equivalent of saying, don't work in PE become a successful rock star instead.

No shit...everyone would rather become a successful rock star (or the next Bezos) than toil in PE...but very few are cut out to be a rock star.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Are you sure you want to build this onramp to Adderall and anxiety? Speaking as a dual PE family, I would not onramp my kid into this. You know who makes a lot of money? People who build great companies (owners or high level execs) who exit to PE or public markets every 2-3 years but still have a life.

Nobody who achieves great success has "a life". The people that built those great companies worked their asses off as well.

The happiest folks in PE have a personal net worth number at which point they are happy...and then they quit. Many times you can hit a $20MM+ net worth number by your mid-to-late 30s if you are at a Blackstone/KKR/ et al, which for many people that's enough.

Not the PP to whom you’re responding but another PE PP. For the same amount of work my PE spouse has put into achieving an 8 figure net worth, my serial entrepreneur family member has achieved a 10 figure one. The latter has had a lot more fun along the way too. We’re encouraging DC to follow my family member’s footsteps, not my spouse’s.

But what is this business you're taking about. And you must hit the wave of the business model in the perfect place. Not too soon, not too late.

I know people who have made a fortune in small commercial real estate. But it takes years to build up a portfolio before it really pays off.

Family member created and sold first business for 8 figures while still in college, enjoyed several years “off,” then continued the cycle in various industries. Timing is indeed key, but in conjunction with vision.

Oh ok, I’ll do that then. Good idea.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Are you sure you want to build this onramp to Adderall and anxiety? Speaking as a dual PE family, I would not onramp my kid into this. You know who makes a lot of money? People who build great companies (owners or high level execs) who exit to PE or public markets every 2-3 years but still have a life.

Nobody who achieves great success has "a life". The people that built those great companies worked their asses off as well.

The happiest folks in PE have a personal net worth number at which point they are happy...and then they quit. Many times you can hit a $20MM+ net worth number by your mid-to-late 30s if you are at a Blackstone/KKR/ et al, which for many people that's enough.

Not the PP to whom you’re responding but another PE PP. For the same amount of work my PE spouse has put into achieving an 8 figure net worth, my serial entrepreneur family member has achieved a 10 figure one. The latter has had a lot more fun along the way too. We’re encouraging DC to follow my family member’s footsteps, not my spouse’s.

That's missing the point...the PE spouse likely would never be an entrepreneur because they don't have the mindset or attitude. The vast majority of entrepreneurs fail and don't end up with any net worth, but that's the life they choose.

That's why it's silly to say don't become a BigLaw partner, become a successful entrepreneur instead. BigLaw partners aren't entrepreneurs...they would fail miserably if they tried.

A Blackstone PE executive has call it a 75%+ chance of achieving UHNW status, while most entrepreneurs have a 5% chance at best.

Yes to all of this. I was so confused by the earlier posts. Do you realize that PE is attainable if you have the right work ethic and go to the right schools and grind? Does it occur to you that you can have the right work ethic, go to HYPMS, have a great idea, grind like a maniac, and still, your chances of selling a business that higher than your opportunity cost is miniscule?

- lawyer wife of a HBS grad whose startup sold for peanuts after I funded it for years.

Not disagreeing with you either. My PE spouse grinded (lol, ground?) in a profession they dislike so DC don’t have to. We don’t want DC following in parent’s unfulfilling footsteps.

[Anonymous]

As a parent of daughters at a macro long shirt hedge fund , recruited out of uva . I think the major is the swing factor looks like the quant data science/econ kids are being interviewed more. At her fund most seem to be cs/econ people from any of the schools in the list but the interviews are brutal. But the pay for out of college students is absurd with bonus.

[Anonymous]

Yes that appears true I have heard of a lot of math cs Econ kids at Jane street, Renaissance from ucla ucb making tons of money lately.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Are you sure you want to build this onramp to Adderall and anxiety? Speaking as a dual PE family, I would not onramp my kid into this. You know who makes a lot of money? People who build great companies (owners or high level execs) who exit to PE or public markets every 2-3 years but still have a life.

Nobody who achieves great success has "a life". The people that built those great companies worked their asses off as well.

The happiest folks in PE have a personal net worth number at which point they are happy...and then they quit. Many times you can hit a $20MM+ net worth number by your mid-to-late 30s if you are at a Blackstone/KKR/ et al, which for many people that's enough.

I find this extremely hard to believe and wonder how many people you actually know. People who are truly ambitious and successful rarely quit. Because it's not about the money. It's about the game. I know many people who are very high network (20 M+) who are working into their 70s and upwards. Business owners, real estate investors and hedge fund managers. My husband is a hedge fund manager, for him and everyone he works with, (they are 50+ years) it stopped being about the money a long time ago. I don't know anyone in VC, but the stories are everywhere. Someone sells their tech company and goes on to create one or two more. And yes, I agree with the poster who is a dual PE, there was a very significant impact on our family life.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Are you sure you want to build this onramp to Adderall and anxiety? Speaking as a dual PE family, I would not onramp my kid into this. You know who makes a lot of money? People who build great companies (owners or high level execs) who exit to PE or public markets every 2-3 years but still have a life.

Nobody who achieves great success has "a life". The people that built those great companies worked their asses off as well.

The happiest folks in PE have a personal net worth number at which point they are happy...and then they quit. Many times you can hit a $20MM+ net worth number by your mid-to-late 30s if you are at a Blackstone/KKR/ et al, which for many people that's enough.

I find this extremely hard to believe and wonder how many people you actually know. People who are truly ambitious and successful rarely quit. Because it's not about the money. It's about the game. I know many people who are very high network (20 M+) who are working into their 70s and upwards. Business owners, real estate investors and hedge fund managers. My husband is a hedge fund manager, for him and everyone he works with, (they are 50+ years) it stopped being about the money a long time ago. I don't know anyone in VC, but the stories are everywhere. Someone sells their tech company and goes on to create one or two more. And yes, I agree with the poster who is a dual PE, there was a very significant impact on our family life.

Umm.
$20M is not a high NetWorth in this sector or industry.

[Anonymous]

From what I can see, it pays to be very athletic, tall, and good looking in these professions. And obviously be male 95/100 times. I’m not sure if they only hire their own or if these attributes actually make you more succesful, but it might be something to keep in mind.

[Anonymous]

This list is suspect. BYU, UF, Penn State but no Bucknell or Colgate? Just about every grad I know from those two schools is working in IB, PE or MC.

[Anonymous]

Anonymous wrote:As a parent of daughters at a macro long shirt hedge fund , recruited out of uva . I think the major is the swing factor looks like the quant data science/econ kids are being interviewed more. At her fund most seem to be cs/econ people from any of the schools in the list but the interviews are brutal. But the pay for out of college students is absurd with bonus.

What is the actual course work that helps? Or does that not matter? Math and comp sci are pretty broad.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Are you sure you want to build this onramp to Adderall and anxiety? Speaking as a dual PE family, I would not onramp my kid into this. You know who makes a lot of money? People who build great companies (owners or high level execs) who exit to PE or public markets every 2-3 years but still have a life.

Nobody who achieves great success has "a life". The people that built those great companies worked their asses off as well.

The happiest folks in PE have a personal net worth number at which point they are happy...and then they quit. Many times you can hit a $20MM+ net worth number by your mid-to-late 30s if you are at a Blackstone/KKR/ et al, which for many people that's enough.

I find this extremely hard to believe and wonder how many people you actually know. People who are truly ambitious and successful rarely quit. Because it's not about the money. It's about the game. I know many people who are very high network (20 M+) who are working into their 70s and upwards. Business owners, real estate investors and hedge fund managers. My husband is a hedge fund manager, for him and everyone he works with, (they are 50+ years) it stopped being about the money a long time ago. I don't know anyone in VC, but the stories are everywhere. Someone sells their tech company and goes on to create one or two more. And yes, I agree with the poster who is a dual PE, there was a very significant impact on our family life.

Hedge fund manager is completely different...what's the point of quitting when your job is literally making bets on the market/investing...essentially, the same thing you would do in retirement.

I know plenty of PE, VC, bankers, etc. that had a number they wanted to hit (whether that was $20MM, $50MM, $100MM, etc.) and then they left the day-to-day grind of working for a large firm. They often don't go off to play golf, but they have the financial flexibility to do whatever they want on their own terms.

Some do just go off and play golf for all intents.