AMA: Private Equity Associate, $340K Compensation at 24 Years Old
During my recruitment journey, I received a lot of support and valuable resources from others, so I wanted to give back by sharing my experience.
I’m mentioning my compensation to illustrate the unique opportunities within this industry and encourage others to consider pursuing it.
Background: I graduated from an Ivy League school and spent two years working in investment banking in NYC before transitioning to private equity.
Work Hours: I typically work between 80-90 hours per week.
Job Satisfaction: I would rate my happiness around a 6/10.
Compensation Breakdown: My package consists of a $175K base salary and a $165K bonus.
Feel free to ask me anything about private equity, breaking into the industry, investment banking, or related topics!
EDIT: I’ll do my best to keep answering your questions, although work is getting busier. I’ve been responding to every DM, so don’t hesitate to reach out there too!
One response
Thanks for sharing your experience and offering to help others navigating the finance industry! Your insights into the private equity world, especially regarding the compensation and work-life balance, are really valuable.
Breaking In: What do you think were the key factors that helped you secure your position in private equity after investment banking?
Skills Needed: What specific skills or experiences do you recommend focusing on to stand out during the recruitment process?
Work-Life Balance: Given the long hours, do you have any strategies or tips for maintaining your well-being while working in such a demanding environment?
Networking: How important was networking in your journey, and do you have strategies for building these connections effectively?
Looking forward to your insights!