What do private equity firms do day to day?

In private equity, your job is to purchase companies, operate them, and sell them for a profit. The key engine at work here is to work on possible transactions and go through deal processes (which will be managed by investment bankers).

Is private equity a fun job?

A career in private equity can be highly rewarding, both financially and personally. Private equity managers often take a great deal of satisfaction from successfully guiding their portfolio companies to new high levels of profitability.

How many hours a week does a private equity associate work?

Private Equity Associate Lifestyle and Hours At many smaller funds and middle-market funds, you can expect to work 60-70 hours per week, mostly on weekdays, with occasional weekend work when deals heat up.

What are private equity hours like?

In private equity, you’ll work hard, but the hours are not nearly as bad. Generally the lifestyle is comparable to banking when there is an active deal, but otherwise much more relaxed. You usually get into the office around 9am and may leave between 7pm-9pm depending on what you’re working on.

Is it difficult to get into private equity?

Such a lucrative career with substantial rewards clearly fosters motivation, but this also means that private equity is notoriously competitive to get into. You won’t be the only one with an investment banking or consulting background.

Is Private Equity better than investment banking?

In private equity firms, associates have more impact on sales and trading as they are closer in taking action and investing; whereas the investment bankers have less impact on the sales and trading of the business. In a sense, private equity associates enjoy better work-life balance than any investment banker.

What is a day in the life of an investment banker like?

A Day in the Life of an Investment Banker. Investment banking is one of Wall Street’s most coveted roles. It is also one of the hardest. It is no surprise that the average day in an investment banker’s life is long and stressful. Those who manage to survive the adjustment period often go on to have long and financially rewarding careers.

What does a junior banker do on a typical day?

On slow days, a junior banker may have time to catch up on the news and sports, but there is not much opportunity for social media since most investment banks put up firewalls to block distracting websites. Unless the day is very busy, lunch is a leisurely 45-minute or hour-long stretch at a local deli or the company cafeteria.

What is a typical day like for a banker in NYC?

Fortunately, the workdays start rather late. This is partly because the New York capital markets are not open at 7 a.m., but it is also because most bankers were at the office until midnight the night before. An associate may have time to shower, eat breakfast, and even work out before heading to the office.