IB > PE, except burned out. What now?
Looking for advice, experiences, anything helpful really.
Did two years in banking and have an offer to start at a MM PE shop this summer. Problem here is I’m burnt out and just not sure how much more of this I can continue doing.
So the big question looms - what do I do now? Do I try PE for a year in hopes it’s better? (Realizing it very likely won’t be)
Not super interested in corp dev, don’t have coding skills to get into tech. Venture seems interesting.
Anything would be helpful.
TIA
Depends on the PE shop and deal flow.
You'll likely have much better hours, especially at MM PE. The work is different and there are generally much fewer short intense sprints on deals (eg to get an IC paper done), rather than IB where you are juggling 3/4 live transactions of varying intensity, that could all blow up at the same time.
Depending on shop, just be prepared to earn less in the short term before any carry kicks in.
Try it, but do your DD on the MM PE shop first. Is that team doing a deal a year or has it been years since they won an auction etc.
Try it and see
Thank you, that’s helpful to hear it might be better.
In some capacity, the issue isn’t necessarily hours anymore. I’ve slacked pretty hard my last few months and have gotten away with minimal hours. Truly not sure how interested I am in doing deals - so wondering what other avenues people have exited to.
Might not even be finance at this stage
What about a role in corporate strategy? Or working at a series C start up?
Depends on what compensation cut you're willing to take.
Family Office could be interesting. You could touch venture / buyout but I believe WLB is better.
Family office seems like a fine idea to try for a few years, wonder if the recruiting process similar to traditional PE thru headhunters or more of a networking basis.
Regardless appreciate the advice
I think it is more networking, but have had a few recruiters mention opportunities.
I am sure you are feeling the hours, but remember how good of a position you are in regardless where you land. This coming from someone trying to get their foot in the door when the Finance market has essentially stopped hiring.
im with you man I know exactly how you feel. I did 2 years EB and about to join PE but am really dreading it. I really just want out of this "high finance" high stress life. It is not for me anymore. I do not see it as worth it. All the PE partners in my interviews all looked miserable. All my MDs were miserable. I am so exuhasted in every regard, physically, mentally, etc. I no joke want to like just live on a farm lol and quit everything. Might also cancel on my PE offer and take a year to travel and re-assess. I dont know. Let me know what you are thinking.
Have thought about the same regarding a farm, but more along the lines of somewhere in Asia or tropical island and totally escape.
It’s scary as hell to totally cancel the PE offer and go completely off the grid but I have buddies who’ve been traveling for extended periods and funny enough - they’re excited to get back to the working world. I guess it’s always going to be a grass is greener sort of situation.
I feel like I'm working with robots lol
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