{ "media_type": "text", "post_content": "What do people in PE do since there is nowhere else more prestigious to go to? Do they just stick around until they retire?", "post_id": "60f873ea0b31e9002af726a9", "reply_count": 12, "vote_count": 2, "bowl_id": "5b7c3919448e9300186d3deb", "bowl_name": "Private Equity and the Buy Side" }

What do people in PE do since there is nowhere else more prestigious to go to? Do they just stick around until they retire?

likehelpful
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Make enough money to leave the rat race and pursue whatever you want in life. For those still chasing prestige, many go into general management (C-Suite), politics (Mitt Romney), or philanthropy (Schwarzman). A lot of old school PE deal makers end up opening their own shops to have greater control over their lifestyle. Private equity is still a grind with long hours. At some point, you make “enough” to stop caring about prestige.

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(Half) joking with this post

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Tiger cub HFs!

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Optimize for WLB or actually become a senior operator in a firm. If „prestige“ (however you define it) is important to you, probably still prestigious to say „I have xxx FTE reporting into me“ ;-)

smarthelpful

McK alum now in PE here. Yes.

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Care to share some insights on how to make the switch from consulting to PE.

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They literally just own businesses/ assets and print staxxxxx

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My former colleague was in real estate PE and recently became a co-owner of resort hotel.

P1 - I obviously haven’t looked into this too much, this is just me from the outside looking in. I like to think there’s an attractive component in owning the real estate and running some of your own businesses inside alongside others to diversify some of the risk. That’s just my lil dream tho 🥺

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