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PE Associate taking your questions
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Date: August 30th, 2010 4:30 PM Author: Passionate plum whorehouse boltzmann (http://www.autoadmit.com/thread.php?thread_id=1409848&forum_id=2#15922284) |
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Date: August 30th, 2010 4:32 PM Author: dull jap mother background? (http://www.autoadmit.com/thread.php?thread_id=1409848&forum_id=2#15922317) |
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Date: August 30th, 2010 4:34 PM Author: Passionate plum whorehouse boltzmann econ/finance UG,
T6 law school
IB associate 1.5 years --> PE |
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Date: August 30th, 2010 4:48 PM Author: dull jap mother when you say IB do you mean M&A? (http://www.autoadmit.com/thread.php?thread_id=1409848&forum_id=2#15922527) |
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Date: August 30th, 2010 4:52 PM Author: Passionate plum whorehouse boltzmann i guess it was a little misleading to say "IB". I just say that to people who prob don't know the differences of working in a bb bank. i did structured products. (http://www.autoadmit.com/thread.php?thread_id=1409848&forum_id=2#15922554) |
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Date: August 30th, 2010 4:53 PM Author: dull jap mother How does that translate in PE work? (http://www.autoadmit.com/thread.php?thread_id=1409848&forum_id=2#15922563) |
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Date: August 30th, 2010 4:55 PM Author: Passionate plum whorehouse boltzmann not directly, but it helps having some contacts in the industry, and a general knowledge of finance, plus organizational skills. (http://www.autoadmit.com/thread.php?thread_id=1409848&forum_id=2#15922586) |
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Date: August 30th, 2010 11:27 PM Author: iridescent senate what UG? or at least range?
and you went straight from law school into IB? |
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Date: August 31st, 2010 2:51 PM Author: Passionate plum whorehouse boltzmann went to a public UG - think UVA, Berkeley, Michigan
yeah, straight into IB -- but i graduated in 07 and this was not uncommon in the good years |
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Date: September 1st, 2010 3:15 AM Author: iridescent senate Thank you.
Oh the good years...I missed my time it seems.
Your path is exactly what I wanted to do. I wouldn't mind being a lawyer, but I wanted LS to serve mores as a credential for IB. |
Date: August 30th, 2010 4:33 PM Author: Ungodly Zippy Range Fortuitous Meteor jumping jacks or mountain climbers? (http://www.autoadmit.com/thread.php?thread_id=1409848&forum_id=2#15922328) |
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Date: August 30th, 2010 4:34 PM Author: dull jap mother dodge ball (http://www.autoadmit.com/thread.php?thread_id=1409848&forum_id=2#15922347) |
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Date: September 1st, 2010 3:43 AM Author: mind-boggling ratface chapel Mountain climbers are hard, dood. (http://www.autoadmit.com/thread.php?thread_id=1409848&forum_id=2#15937474) |
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Date: August 30th, 2010 4:33 PM Author: lascivious abode chad do you even know what PE even stands for? (http://www.autoadmit.com/thread.php?thread_id=1409848&forum_id=2#15922338) |
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Date: August 30th, 2010 4:47 PM Author: Lilac alcoholic native flame? Physical education (http://www.autoadmit.com/thread.php?thread_id=1409848&forum_id=2#15922510) |
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Date: August 30th, 2010 4:46 PM Author: Fiercely-loyal out-of-control step-uncle's house Top PE law firms ITE? (http://www.autoadmit.com/thread.php?thread_id=1409848&forum_id=2#15922495) |
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Date: August 30th, 2010 4:53 PM Author: Passionate plum whorehouse boltzmann stb (http://www.autoadmit.com/thread.php?thread_id=1409848&forum_id=2#15922573) |
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Date: August 31st, 2010 10:46 PM Author: talented sweet tailpipe lay can you elaborate on this? What aspects of PE are they the best on? (http://www.autoadmit.com/thread.php?thread_id=1409848&forum_id=2#15935125) |
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Date: August 30th, 2010 4:47 PM Author: talented sweet tailpipe lay do you do fund formation or buyout work? Describe the nature of your practice plz. (http://www.autoadmit.com/thread.php?thread_id=1409848&forum_id=2#15922517) |
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Date: August 30th, 2010 4:50 PM Author: Passionate plum whorehouse boltzmann i mostly manage exits these days, but i started off doing some fund formation as well. (http://www.autoadmit.com/thread.php?thread_id=1409848&forum_id=2#15922538) |
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Date: August 30th, 2010 5:05 PM Author: talented sweet tailpipe lay plz describe -- want to do fund counsel work and would appreciate more details on things you do. (http://www.autoadmit.com/thread.php?thread_id=1409848&forum_id=2#15922672) |
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Date: August 31st, 2010 2:56 PM Author: Passionate plum whorehouse boltzmann i'm not really considered in-house counsel for my position. the in-house guys deal more with compliance issues at my firm and manage relationships with different regulatory bodies regarding the operation of the company rather than dealing with the portfolio companies.
in my position, a legal background is helpful because i'm quarterbacking the exits we make from our investments, whether through IPO, m&a or straight up sales, but i don't really do much of the actual legal work -- instead i instruct our outside lawyers, bankers and other service providers. |
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Date: August 31st, 2010 2:59 PM Author: Milky rigor is structured products part of the investment banking division or securities? what kind of work did you do there? (http://www.autoadmit.com/thread.php?thread_id=1409848&forum_id=2#15930956) |
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Date: August 30th, 2010 11:29 PM Author: vibrant affirmative action Do you get recess or no? (http://www.autoadmit.com/thread.php?thread_id=1409848&forum_id=2#15926802) |
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Date: August 30th, 2010 11:29 PM Author: smoky dysfunction how much $ do you make?
what are my odds of getting into PE as a non-target who got a job in a good m&a group? i know a lot of the megafunds are still prestige-whores even 2 years later. |
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Date: August 31st, 2010 2:59 PM Author: Passionate plum whorehouse boltzmann i make more than my friends from my year who've stuck around in big law, but it really fluctuates based on how profitable we are of course.
i don't think going to a non-target will hurt you if you've done a good job in a good group. the investment work is still not that complicated. they just care if you can crank.
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Date: August 31st, 2010 3:06 PM Author: drab arousing garrison sound barrier Can you describe the pay and exit options for in house lawyers at your firm? (http://www.autoadmit.com/thread.php?thread_id=1409848&forum_id=2#15931011) |
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Date: August 31st, 2010 3:32 PM Author: Passionate plum whorehouse boltzmann an educated guess says that a junior in-house person makes 250k all in, middle 400k, top level 750+. (http://www.autoadmit.com/thread.php?thread_id=1409848&forum_id=2#15931189) |
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Date: August 31st, 2010 3:35 PM Author: drab arousing garrison sound barrier What are the bios of junior in-house people like (School/grades/previous work experience)?
Are you stuck doing compliance and regulatory work at PE firms if you take this kind of job after a couple of years at big law? |
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Date: August 31st, 2010 3:40 PM Author: Passionate plum whorehouse boltzmann all of the lawyers are from top schools and top firms. juniors usually come in with 2-4 years of experience in a related practice area.
no, depending on the size of the PE firm, there's a lot of different roles lawyers can play. there's the compliance/regulatory people, the fund formation/tax doods, and investment transactions. usually, you take up these roles depending on whether you did related work at a firm. |
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Date: August 31st, 2010 10:21 PM Author: Floppy Burgundy Tattoo Please describe the investment transactions group.
Did you (and do most) get this job through a headhunter or through a friend/contact? |
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Date: August 31st, 2010 11:08 PM Author: startled codepig How are your coinvestment options?
What is the vesting on your carry?
What were the exit options for people in your banking associate class and do you think having a law degree helped you? Banking associate to PE is very rare. |