Any Investment Banking or Private Equity professionals?

[Anonymous]

Anonymous wrote: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.

Yuck, but indeed PE spouse has a single digit handicap and is both tall and conventionally handsome. Hate to be cynical, but that combination has possibly been more helpful throughout their career than their Wharton degree.

[Anonymous]

Private equity is killing us. Please encourage your kids to do something meaningful.

[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.

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.

UHNW is defined as $30MM+. Your average P/E professional isn't worth anything close to your average hedge fund professional. The average Blackstone partner earns $2.8MM per year plus about $850k in distributed profits.

[Anonymous]

Anonymous wrote: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.

I mean, someone has to fill the middle and back office roles.

[Anonymous]

In my experience, depending on the PE investment focus and where they plan to put down roots after graduation, a well regarded regional school can be a decent option, like USC, UT.

[Anonymous]

Anonymous wrote:OH NO! Where is Bucknell. The poster who always says it's the best school to land a job on THE STREET. LOL

Lots of Bucknell on the street. Don't knock it.

[Anonymous]

I promise I know what I’m talking about here:

Stanford down a notch
Yale and Princeton up to 1
Williams up to 1.5
Middlebury up to 2.5

The rest is close enough to true, I wouldn’t knock it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:OH NO! Where is Bucknell. The poster who always says it's the best school to land a job on THE STREET. LOL

Lots of Bucknell on the street. Don't knock it.

Simply untrue. Signed, NYC buy-side professional.

[Anonymous]

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.

Can you tell me more about what's so hard about PE and why you are suggesting that PE people do not have a life? Is it the travel or the long days or ?? Because as someone who works in Biglaw, has cancelled or worked through many vacations, missed weddings and other family events, had to work every freaking holiday, including Christmas and New Years, and generally being at the beck and call of clients at all hours, I thought PE had better lifestyle AND better pay and offramps than Biglaw. I guess what I'm asking is: is it really that bad?

[Anonymous]

Anonymous wrote:OH NO! Where is Bucknell. The poster who always says it's the best school to land a job on THE STREET. LOL

You beat me to it!🤣

[Anonymous]

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

Middlebury as well, especially since Pick and Waldron settled into their respective spots at the top of MS and GS.

[Anonymous]

Anonymous wrote:I promise I know what I’m talking about here:

Stanford down a notch
Yale and Princeton up to 1
Williams up to 1.5
Middlebury up to 2.5

The rest is close enough to true, I wouldn’t knock it.

Williams at 3, maybe 2.5. No way 1.5

[Anonymous]

Anonymous wrote:

Anonymous wrote:OH NO! Where is Bucknell. The poster who always says it's the best school to land a job on THE STREET. LOL

You beat me to it!🤣

It's a pipeline after all.

[Anonymous]

Anonymous wrote: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 successful, but it might be something to keep in mind.

I've seen a lot of female athletes getting top internships recently. All athletes.

[Anonymous]

Anonymous wrote:

Anonymous wrote: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.

I mean, someone has to fill the middle and back office roles.

False. The original list is cherry picked. Freeman (Bucknell's business school) is top 20 in P&Q for career outcomes. Graduates stack cheese. It's true of all the ones I know.