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Would be interested in hearing specific examples from your VP. I like the caliber of the people and think the culture is great. Life / balance is much better than IB and people actually respect your time as long as you are doing a good job. Maybe he didn't like the work in BAAM? It is different than any other group in BX, with a focus on fund of funds and secondary PE trades. I can't really speak to the portfolio management teams either, but being on the investment side has been great.
A VP on my team came from BAAM. Says the culture there is "brutal" and that everyone there hates each other.