I really admire people in Private Equity. I settled 20 years ago for "laid back" job in Risk with OK pay and I have been full of regrets ever since. If you are young from an university just for it !
This person rlly shows how miserable most people are doing these crazy corporate jobs - esp finance related ones that work you like a dog. As humans, we aren’t designed to sit in front a screen under stress from early AM to late PM. She’s right that you sacrifice your youth all for money that you don’t even get to enjoy because your life is just spent in front of a screen…obv I’m sure there are a *few* benefits, but all I know is my friends who came out of college and worked IB or more rigorous finance jobs hated their lives :( and many of them regret wasting their young twenties. Sad but the reality. Thanks for showing us this interview!
It's for sure a reality people don't realize until they start the job (of course the job has its perks as well so there are pros and cons) - glad you enjoyed the interview!
Shut Up LMAO 😂 Graduating at 22, working ultra-hard until 28 and end up having 3 or more million dollars in savings? Plus tons of experience, self-development and contacts? I TOTALLY WANT THAT HORRIBLE "SACRIFICE" you talk about, winning 40K a month, and not even doing private equity or having a mega-high role that consumes your whole life. wtf dude 🙄🙄🙄🙄
🎯 Key Takeaways for quick navigation: 00:00 🎤 *Introduction to the interview with a Private Equity Associate* - Introduction and overview of the interview, - Discussing the anonymity of the interviewee to ensure candid responses. 00:58 💡 *Background and Motivation for Entering Private Equity* - The interviewee's background and reasons for entering private equity, - Initial expectations vs. reality regarding pay and work-life balance. 01:42 ⚖️ *Pros and Cons of Private Equity* - Advantages include more control over schedule and interesting work, - Challenges involve higher stress and less support. 02:09 🎉 *Best Moments and Work-Life Balance* - Memorable experiences and events at the job, - Comparing work hours and work-life balance to investment banking. 03:03 💰 *Compensation Expectations* - Discussion on compensation structure and expectations, - Insights into the nature of bonuses and base salary. 03:29 👥 *Common Traits and Job Satisfaction* - Characteristics of colleagues in private equity, - Personal job satisfaction and the reality of working in the sector. 04:11 🏆 *Perks and Sacrifices* - Overview of job perks and daily conveniences, - Reflections on the stress and sacrifices required in the role. 04:50 📚 *Recruiting Process and Advice* - The process of getting into private equity and preparation tips, - Recommendations for aspiring private equity professionals. 05:58 🌱 *Perspectives on Career Progression* - Comparing private equity with investment banking and career expectations, - Considerations for future career moves and seeking better work-life balance. 06:58 📢 *Conclusion and Insights* - Summarizing the candid insights shared by the interviewee, - Encouragement for viewers to explore careers in private equity with a realistic perspective. Made with HARPA AI
I am an agency recruiter for finance professionals, this interview is very useful! I’d like to add that although the vast majority of PE’s hire investment bankers with at least 2 years from a bulge bracket bank or tier1 boutique, there are some that actually prefer to hire MBB consultants, or if you are doing M&A/transactions at a big4, there is also chance, albeit smaller.
I'd say as hard as private equity is, even "glamorous" jobs like music or acting have very stressful aspects. In other words, the grass is not always greener outside of PE, and nobody loves their job all the time. Change the mindset to consider how lucky you are to earn so much money and learn so much at such a relatively young age (with associated chance at early retirement) and you'll make it through tougher times in PE.
@@ckrgksdkrak no equity or carry in PE when you start. Like I said, PE megafund will usually pay $330,000-$380,000 total comp (cash) for first year associates.
@@accountsequity5587 not bad but for the hours worked tech is better and medicine is even better. Medicine is straight >450k for less hours and more vacation at this time with better job security.
Angela, you do Corp Dev, right? Is the WLB that much better and is your base comp similar to IB? I’m in IB now and once I do my 2 years, I would want to move to something more chill. It would be nice to be able to log off after 7 on a weekday and not have weekend work. I don’t really care if the bonuses are low as long as the base is good. Thanks!
For interviews of this type, I would suggest what exactly is this person doing in their job from 9 AM - 11 PM? Why is it stressful? Give some examples of what he did or examples of what made it stressful? This would give a better insight for the viewer. Thanks
yes, a middle market perspective would be very interesting, and/or a new fund where there might be more camaraderie. Megafunds being banking 2.0 is a very common metaphor within finance, but PE is quite diverse in terms of fund culture across strategies
MFPE kick their associates out after 2 years right? (2-year associate program) Lots of title deflation at the associate level too, barely anyone makes VP. What does this chad think abt this
“No the grass is not greener on the other side” said in no better a voice lol To add- it is as green as you make it. Excerpt from Blake’s life lessons in contentment, a work still in progress
idk seems like working in tech makes as much or higher with less hours, more casual, more remote opportunities. none of the target crap. some people just need a bootcamp. coding is very mentally exhausting though. all the yacht parties? dentists can afford them too working 3 days a week. finance culture sucks if you're flaunting "parties" as cool. i find this "prestige" and hype mentality laughable since university. superficial, self-important, arrogant yet miserable and not efficient at all.
Hi Angela, I like your videos and I am into finance. I am currently in my 11th grade And i took business stream that includes subjects like commerce,Accounts,Economic. Iwant to become an investment banker after my 12th grade so what should I take like bba/bsc/ba in finance and economic OR finance and Accounts OR simply finance from which of these can i become an investment banker. By the way what did you study in your collage. Thankyou😊
Hi Angela Is there any way I can get in touch with you personally, over a paid mentorship program or something similar to that, I’ve been trying to reach out to you but I don’t know what’s wrong, could you please get back to me on the same!
Very valuable video. It's hard to find this type of honesty anywhere else. Great job.
I'm glad! Felt it was important to give as candid a look as possible
The interview being anonymous despite being a bummer is actually quite valuable
Yes! Definitely provides a lot of candor that you probably wouldn't be able to get otherwise
I really admire people in Private Equity. I settled 20 years ago for "laid back" job in Risk with OK pay and I have been full of regrets ever since. If you are young from an university just for it !
Ah no regrets though since I'm sure you got to enjoy other parts of your life besides just work in your 20s/30s :)
This person rlly shows how miserable most people are doing these crazy corporate jobs - esp finance related ones that work you like a dog. As humans, we aren’t designed to sit in front a screen under stress from early AM to late PM. She’s right that you sacrifice your youth all for money that you don’t even get to enjoy because your life is just spent in front of a screen…obv I’m sure there are a *few* benefits, but all I know is my friends who came out of college and worked IB or more rigorous finance jobs hated their lives :( and many of them regret wasting their young twenties. Sad but the reality. Thanks for showing us this interview!
It's for sure a reality people don't realize until they start the job (of course the job has its perks as well so there are pros and cons) - glad you enjoyed the interview!
And they sell the rest of us out.
Shut Up LMAO 😂 Graduating at 22, working ultra-hard until 28 and end up having 3 or more million dollars in savings? Plus tons of experience, self-development and contacts? I TOTALLY WANT THAT HORRIBLE "SACRIFICE" you talk about, winning 40K a month, and not even doing private equity or having a mega-high role that consumes your whole life. wtf dude 🙄🙄🙄🙄
🎯 Key Takeaways for quick navigation:
00:00 🎤 *Introduction to the interview with a Private Equity Associate*
- Introduction and overview of the interview,
- Discussing the anonymity of the interviewee to ensure candid responses.
00:58 💡 *Background and Motivation for Entering Private Equity*
- The interviewee's background and reasons for entering private equity,
- Initial expectations vs. reality regarding pay and work-life balance.
01:42 ⚖️ *Pros and Cons of Private Equity*
- Advantages include more control over schedule and interesting work,
- Challenges involve higher stress and less support.
02:09 🎉 *Best Moments and Work-Life Balance*
- Memorable experiences and events at the job,
- Comparing work hours and work-life balance to investment banking.
03:03 💰 *Compensation Expectations*
- Discussion on compensation structure and expectations,
- Insights into the nature of bonuses and base salary.
03:29 👥 *Common Traits and Job Satisfaction*
- Characteristics of colleagues in private equity,
- Personal job satisfaction and the reality of working in the sector.
04:11 🏆 *Perks and Sacrifices*
- Overview of job perks and daily conveniences,
- Reflections on the stress and sacrifices required in the role.
04:50 📚 *Recruiting Process and Advice*
- The process of getting into private equity and preparation tips,
- Recommendations for aspiring private equity professionals.
05:58 🌱 *Perspectives on Career Progression*
- Comparing private equity with investment banking and career expectations,
- Considerations for future career moves and seeking better work-life balance.
06:58 📢 *Conclusion and Insights*
- Summarizing the candid insights shared by the interviewee,
- Encouragement for viewers to explore careers in private equity with a realistic perspective.
Made with HARPA AI
Super helpful!!
I think someone might have mentioned it but interviewing a trader that works at a hedge fund would be interesting. Thanks!
Thanks for the suggestion! I'll try to find someone
SMB Capital has traders that you can interview
i love the voice transformation. Good job with the video and the interview, Angela!
Thank you
This was so insightful. Very thankful with how honest they were. This was great.
❤️ Appreciate it!
I am an agency recruiter for finance professionals, this interview is very useful! I’d like to add that although the vast majority of PE’s hire investment bankers with at least 2 years from a bulge bracket bank or tier1 boutique, there are some that actually prefer to hire MBB consultants, or if you are doing M&A/transactions at a big4, there is also chance, albeit smaller.
Thanks for your insight!
I'd say as hard as private equity is, even "glamorous" jobs like music or acting have very stressful aspects. In other words, the grass is not always greener outside of PE, and nobody loves their job all the time. Change the mindset to consider how lucky you are to earn so much money and learn so much at such a relatively young age (with associated chance at early retirement) and you'll make it through tougher times in PE.
People who are involved in music industry and entrainment in general really like their jobs.
Interest perspectives! Agree grass isn't always greener regardless of what field you're in
Please talk more about private equity!!
Yes definitely will have more videos on it on my channel!
No, it's private
just posted a video talking about my 7 years of experience in PE!
One of the best ways to build your fortune - buy an existing business.
Second best is starting a private equity fund.
Great channel :)
Insightful video. Thanks for all you do Angela.
Glad it was helpful!
300k for working that much…? No thank you, I’d take tech or healthcare over this, any day.
),:
They are wrong. Bonus will most likely be at least around 125% of base, and at most like 175% of base. They’ll probably make around $330,000-$380,000
@@accountsequity5587 how much of that is stock option vs actual cash
@@ckrgksdkrak no equity or carry in PE when you start. Like I said, PE megafund will usually pay $330,000-$380,000 total comp (cash) for first year associates.
@@accountsequity5587 not bad but for the hours worked tech is better and medicine is even better. Medicine is straight >450k for less hours and more vacation at this time with better job security.
Hi Angela. Thanks for the interview. 😉👍 I was educational and I learned a lot.
Glad it was helpful!
Many thanks. This showed a lot more of that side for sure. I’m on the right track.
Best of luck!
Great video Angela!!
Glad to hear it!!
Wow great video! This is so illuminating
Woo thanks for watching!
Loved the video!
Woo thanks Billy!
Interesting video! Would love to see interviews with former consultants who have transitioned to PE as well 😀
Great suggestion!
Angela, you do Corp Dev, right? Is the WLB that much better and is your base comp similar to IB?
I’m in IB now and once I do my 2 years, I would want to move to something more chill. It would be nice to be able to log off after 7 on a weekday and not have weekend work.
I don’t really care if the bonuses are low as long as the base is good. Thanks!
Generally more chill and similar base but will ofc range slightly depending on firm and location
very nice. very grounding. thanks
Good to hear :)
For interviews of this type, I would suggest what exactly is this person doing in their job from 9 AM - 11 PM? Why is it stressful? Give some examples of what he did or examples of what made it stressful? This would give a better insight for the viewer. Thanks
Thank you!! Noted for future ones :)
Can you interview someone who enjoys PE? Perhaps at a non mega fund / non sweatshop firm
Yes! I'll try to provide a different perspective
yes, a middle market perspective would be very interesting, and/or a new fund where there might be more camaraderie. Megafunds being banking 2.0 is a very common metaphor within finance, but PE is quite diverse in terms of fund culture across strategies
Great interview!
Thanks!
Can you please do an interview with someone in private equity investor relations? I hear way better wlb but ofc lower pay.
I'll try to find someone! Better wlb/lower pay true though from what I've heard
Top video! Thank youu!!
Amazingg thank you for watching!
MFPE kick their associates out after 2 years right? (2-year associate program) Lots of title deflation at the associate level too, barely anyone makes VP. What does this chad think abt this
Not all programs - a lot want them to stay on or get an MBA and come back
@@angelasunx3 i see. But still way more VPs than associates right? Even if u dont get kicked you'll still get stuck at ass
Pretty cool look into the gig
Gary's back! And yep was an interesting interview
I have a math degree and Masters in financial mathematics. How do i get into that sector?
Would apply direct if from undergrad or do a stepping stone finance job into PE like investment banking
why don’t you just become a quant? I’d imagine the pay is competitive and better WLB too
@@HarshvardhanKanthode would like to be a quant trader later on but you need decent investment portfolio first before start trading
This actually made me laugh.
lolol
Thank you appreciate it ! I would like to see hedge funds and/or Venture Capital next please !
Great suggestions!!
Is an mba needed for private equity? Great interview btw!
Some request you get an mba before moving on to more senior roles, but a lot also don't require it
@@angelasunx3 hey, just curious. did you also get your mba? I did recently. You seem to be doing extremely well without it!
@@KanyeRaeJepsen I didn't get an MBA - congrats on yours though!
“No the grass is not greener on the other side” said in no better a voice lol
To add- it is as green as you make it. Excerpt from Blake’s life lessons in contentment, a work still in progress
I love that
Goood questions!
Glad you like them!
He's so sad.. 😔 Thanks for being honest tho 👌
Yeah it's rough :(
Killing it 👏👏👏
Ah thank you!
Voice can probably be scrambled to an easier to hear voice…
Haha you're right
More PE interviews like this one 👌
You got it!
idk seems like working in tech makes as much or higher with less hours, more casual, more remote opportunities. none of the target crap. some people just need a bootcamp. coding is very mentally exhausting though. all the yacht parties? dentists can afford them too working 3 days a week. finance culture sucks if you're flaunting "parties" as cool. i find this "prestige" and hype mentality laughable since university. superficial, self-important, arrogant yet miserable and not efficient at all.
Yep there's def always that tech vs finance debate with tech's more "chill" hours and benefits
@@angelasunx3 pe pays more than tech i guess and the hours is more in pe than tech.
Hi Angela,
I like your videos and I am into finance.
I am currently in my 11th grade And i took business stream that includes subjects like commerce,Accounts,Economic. Iwant to become an investment banker after my 12th grade so what should I take like bba/bsc/ba in finance and economic OR finance and Accounts OR simply finance from which of these can i become an investment banker. By the way what did you study in your collage. Thankyou😊
I studied Finance & Economics and any of those you mentioned sound relevant!
Thankyou 😍😊
I would have liked to know their age, even if its just an age range.
Mid to late 20's (~3 years of work experience)
I want to interview you⚡️
About what!
I’m joking I suppose, I meant on a date ;)
Hi Angela Is there any way I can get in touch with you personally, over a paid mentorship program or something similar to that, I’ve been trying to reach out to you but I don’t know what’s wrong, could you please get back to me on the same!
Yes! You can do so from my Patreon (there's a link in the description box of this video)
If he isn´t happy tell him that I´m down to trade places
Haha will do
Hi, are you a HR?
as in human resources?
Do Quant trading
Boring
I'll look into it!
@@R4INTUcanaldeCODiotrosjuegos can make more than private equity
Could you choose a more annoying voice distorter?
yes lol
Lmao Angela. I wish your voice sounded like this all the time 🤣
My Asian cutie balling without me thou 🙆🏿♂️🙆🏿♂️
😂😂
@@angelasunx3 😊😘
Better work life balance at a megafund ... wtf haha
More predictability I guess!
Racism
There is zero reason to disguise his voice.. He is just a low scale... Silly Angela.. do your research
Helps with the interviewee's job security