Thoughts on exiting to private equity? I’ve always thought I’d exit to something more relaxed but the £££ ($$$ for you yanks) just sounds too good to miss out on...

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Are the hours really worse than consulting? If the hours are the same, why not get paid 3x more for it?

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High beta.

Had a good friend who was in my start class out of school. Left after a year and crushed it for two years. Ran into a ceiling there, and landed in a Director role in industry. Now he’s an Assistant VP and massively regrets the move.

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It can be 2 years for $600k if you play it right — many people find that a fair trade.

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I left for 3 years to do financial services carve outs and have since come back to consulting. The hours were worse but not massively. It was fun but I couldn’t really see the value we added . It was just a lot of taking deal and management fees off the portfolio companies.

On comp I wouldn’t make that your motivating factor but successful consulting partners earn comparable amounts on average PE partners. standout PE partners will be much higher but they’re not common

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Deal flow slowed down

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Possible but tough

I guess my question is more "would it make you happier than consulting?"

Would more money and a lot less sleep make you happier? That was one of the questions I asked myself when I switched IB for consulting

Realistically 1) what percentage of people actually exit to it and 2) make it stick?

If the hours are worse, they’re not worse enough to negate the massive payoff you’ll get

What ceiling did he hit p1?

OW2 you in the US or the Europe? I would be interested in those types of opportunities.

US. OW has a lot of people who exit in PE (particularly FS focused) given specialisation early. Any of the partners in the NY office will be able to help

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