PE folks: Is the grass actually greener on your side? If so, why (other than pay)? (I'm sure this has been posted before, but I can't find any great posts)

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Yes. If you enjoy being treated as an advanced client-serving calculator, you may disagree with this answer, but PE requires twice as much thought, conviction, and knowledge of how a business is run than banking, and I find it very enjoyable. The pinnacle of my short-lived banking career was “wow he really can crush a complex model and he’s fast”, but doing well in PE requires so much more and is a far greater challenge

Seniors are incredibly smart, not client brown-nosing (though maybe for LPs...), and are much more accessible. Everyone is held to higher standards since it’s not an advisory business and the confidence in your answers matters 100x more than the BS you spew prettily on a page

It’s definitely tougher (mentally & intellectually), but I find it very much more rewarding and enjoyable 95% of the time

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MF

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