{ "media_type": "text", "post_content": "Is the exit to PE/HF from IB still worth it? I'm basing this decision solely on total comp / hours worked.", "post_id": "614366b59f8614001d92c62c", "reply_count": 6, "vote_count": 4, "bowl_id": "5c04d0b643b531001738b601", "bowl_name": "Investment Banking - IBD" }

Is the exit to PE/HF from IB still worth it? I'm basing this decision solely on total comp / hours worked.

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You may be able go to a small MM PE shop and have good hours/comp ratio but being a good investor is a combo of reps and intelligence. I’m assuming you want to stay in Finance long term so getting reps only comes from working a lot and seeing a lot of deals - it’s all developing pattern recognition for the most part on the private side. You’ll work a lot of hours in PE or IB - similar amount. Your theoretical comp ceiling is probably higher in PE but if you aren’t super analytical, love cranking out deep dive memos with heavy due diligence it isn’t for you (followed by portco work). If you are exiting into something else post PE associate your optionality and skillset will be better than a banking associate (imo). Being able to think like an investor sets you apart. You know the work in banking already and how it evolves. If you think you can be a good relationship guy and develop into a senior banker that OWNs relationships - you will get paid. Execution guys are dime a dozen for the most part only scarce in markets like we are seeing right now with the SPAC boom. Also till you get carry on the buyside you’ll likely make more in IB with current salaries.

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Fantastic answer. OPs response after reading is hilarious though. Buyside recruiting season is truly upon us

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If you care about comp / hours then go to tech instead

Don't wanna start over and go to a coding boot camp

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