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MEGAFUND associate is CREDITED PROFESSION
Poast new message in this thread
Date: August 20th, 2014 3:33 PM Author: lilac pozpig gl copping that gig brothers! 9-5, $500k. (http://www.autoadmit.com/thread.php?thread_id=2651363&forum_id=2#26170229) |
Date: August 20th, 2014 4:06 PM Author: frozen new version It's most certainly not 9-5
It's just as miserable as banking but you get paid more |
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Date: August 20th, 2014 4:16 PM Author: lilac pozpig no way is it as bad as banking or even biglaw bro. (http://www.autoadmit.com/thread.php?thread_id=2651363&forum_id=2#26170542) |
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Date: August 20th, 2014 4:18 PM Author: frozen new version When you're on a live auction process it is just as bad.
Take it from someone who worked at one.
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Date: August 20th, 2014 4:20 PM Author: lilac pozpig DESCRIBE hours/pay/lifestyle etc. pls. (http://www.autoadmit.com/thread.php?thread_id=2651363&forum_id=2#26170567) |
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Date: August 20th, 2014 4:28 PM Author: frozen new version When you're not on any deals you probably work 12-14 hours a day. You get some nice downtime and can fuck around until a principal or partner comes around and drops something for you to look at. Then you'll build up a model and write a preliminary investment memo and send it up the chain. If it's not interesting you kill it there and then can go back to fucking around until the next shitstorm hits.
If it's interesting this is where your vp/principal gets involved and then you'll do a more thorough analysis and maybe sign an NDA and start talking with the company and then you go into deal mode.
Deal mode you're usually working to a bid deadline so you're building the absurdly detailed model, doing diligence, doing expert calls and customer calls, talking with bankers about the debt, lawyers about any stupid legal shit. You travel to sites and meet with management in multiple day long meeting sessions. You're updating the investment committee on the goings on. You work weekends and pull all nighters to meet both internal and external deadlines. In the end you bid whatever the banker tells you too and hope you can pull off a decent return. Inevitably some other fund reaches for the deal and pays more and then you curse at them and then go get drunk.
Pay is usually anywhere from $300K up to $400K all in at pre MBA levels. Some firms give coinvest or phantom equity. Most don't. |
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Date: August 20th, 2014 4:40 PM Author: lilac pozpig tyty brother. now i can killself for doing k-jd-biglawl. (http://www.autoadmit.com/thread.php?thread_id=2651363&forum_id=2#26170708) |
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Date: August 20th, 2014 4:42 PM Author: Beta orchestra pit coldplay fan go back and get an mba. (http://www.autoadmit.com/thread.php?thread_id=2651363&forum_id=2#26170724) |
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Date: August 20th, 2014 4:47 PM Author: lilac pozpig seems like m7 dont like biglaw lawyers. (http://www.autoadmit.com/thread.php?thread_id=2651363&forum_id=2#26170756) |
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Date: August 20th, 2014 4:51 PM Author: frozen new version Almost impossible to get a post MBA PE gig without pre-MBA PE experience, let alone no finance experience
The in house lawyers seem to love life at these places though. Our GC would golf fish and hunt all the time |
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Date: August 20th, 2014 5:29 PM Author: Beta orchestra pit coldplay fan If I have in-house transactional experience but no finance work experience what's the best I could get out of an M7 (assume middling college/law school)? (http://www.autoadmit.com/thread.php?thread_id=2651363&forum_id=2#26171049) |
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Date: August 20th, 2014 5:37 PM Author: frozen new version Shit man I don't know. I have no legal background or anything. I think our GC had a couple junior type lawyer peeps that used to work at good law firms. They did more of the grunt work and dealt with the other lawyers after he opined on an issue. Maybe you could be one of those. (http://www.autoadmit.com/thread.php?thread_id=2651363&forum_id=2#26171102) |
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Date: August 20th, 2014 7:19 PM Author: stirring mint keepsake machete turdskin loled (http://www.autoadmit.com/thread.php?thread_id=2651363&forum_id=2#26171864) |
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Date: August 20th, 2014 4:50 PM Author: frozen new version Yeah sorry. I don't know why people do law if they can add numbers together. (http://www.autoadmit.com/thread.php?thread_id=2651363&forum_id=2#26170772) |
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Date: August 20th, 2014 4:51 PM Author: lilac pozpig ex-engineer :( (http://www.autoadmit.com/thread.php?thread_id=2651363&forum_id=2#26170779) |
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Date: August 20th, 2014 4:16 PM Author: Multi-colored plaza What's a megafund? (http://www.autoadmit.com/thread.php?thread_id=2651363&forum_id=2#26170546) |
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Date: August 20th, 2014 4:23 PM Author: Olive shitlib electric furnace (xo 2014) (http://www.autoadmit.com/thread.php?thread_id=2651363&forum_id=2#26170588) |
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Date: August 20th, 2014 4:47 PM Author: Brilliant gas station These jobs are shit. (http://www.autoadmit.com/thread.php?thread_id=2651363&forum_id=2#26170751) |
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Date: August 20th, 2014 4:47 PM Author: lilac pozpig pls elaborate (http://www.autoadmit.com/thread.php?thread_id=2651363&forum_id=2#26170754) |
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Date: August 20th, 2014 4:50 PM Author: Brilliant gas station See above. During the slowtimes, it's still a sweatshop. Fast times? You're fucked. Your exit opps are fairly limited imhe and I think a career in management, etc. will offer better opportunities for success, preftige and lifestyle. (http://www.autoadmit.com/thread.php?thread_id=2651363&forum_id=2#26170771) |
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Date: August 20th, 2014 4:51 PM Author: lilac pozpig what do you mean a "career in management"? ive always heard exit ops from MEGAFUNDS were 180. is that elaborate flame? (http://www.autoadmit.com/thread.php?thread_id=2651363&forum_id=2#26170784) |
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Date: August 20th, 2014 4:52 PM Author: frozen new version I don't think exit opps are limited at all. Upward advancement yes. But you can punch your ticket to pretty much any corporate/finance type job (save like a HF) coming out of a mega fund if you so choose. (http://www.autoadmit.com/thread.php?thread_id=2651363&forum_id=2#26170795) |