Been working at a PE PortCo (P&L owner) since last year. Love it so far but thinking about switching roles in a year or so to follow my partner geographically. What does career progression look like? What are my options? I’m a Mil Vet->HSW MBA->2 yrs MBB ->1 year P&L owner.

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JW - How did you get a P&L with only 2 years of commercial work experience?

Thats awesome.

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Strong military experience. Highly valued in operator roles

How is PE Portco life vs MBB consulting (assuming AP/Partner equivalent role?)… work life/compensation?

I left as an associate. Comp is a bit more than McKinsey. Not quite EM level (a lot will depend on performance bonus).

Work life balance is probably the same tbh, but no travel. I get to work at 7am and leave around 6p (sometimes later). Not doing much after those hours usually but as a business leader you have to have your phone on for issues.

It’s way more enjoyable though. I’m actually leading people. It’s a lot of responsibility but when you get to hire someone/promote someone it’s super rewarding.

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Are you staying in the same industry as the PortCo? I also have a military background, 1-2 years of M&A consulting experience, and am contemplating a similar move to own a PortCo P&L. I’m worried about the exits from the PortCo, and if I’ll be confined to that industry for my career.

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