PE Hours London
Currently thinking of moving to PE after 2 years in a sweaty mm team in London. Could someone tell me what WLB and hours are like at a mm PE fund?
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Plenty of threads on this already. Very difficult to generalize, especially as hours in PE are much more volatile than in banking.
I'm at an UMM fund and there have been periods where I work 40 hours a week and periods where I work 100 hours a week. We've had periods where IC told us to focus on preparing portfolio for a downturn and not look at new investments. During those periods I rarely left the office after 6 pm. We've also had periods where we were closing 2-3 platforms within a single quarter and during that quarter I consistently pulled +100-hour weeks.
IB is quite stable in terms of hours. You will never be able to leave at 7 pm, but instead your hours are consistently bad. PE is very different.
"In IB you will never leave before 7pm"
Dude wtf. I leave everyday at 7pm, and I only connect at home if I really need to (I am an associate at a BB)
Tbh, from what I heard, leaving IB to go in PE is not a good idea at all, both in term of hours, pressure and comp (and yes I am aware that you will get some carried in 10/15 years lmao - For comp I talk about junior levels)
Think this depends heavily on which bank you're at. I'm at GS / MS and even my senior associates never leave before midnight.
Asso at a BB leaving at 7pm? I’m having a hard time to believe that. How is that possible? Deal flow must be close to zero?
As a former consultant previously doing mostly CDDs at an MBB, what I've said is that hours in PE tend to be more peaky and trough-y than consulting. For a 3-4 week CDD sprint, at the MBB we'd be doing consistent 11 pm to 12 am hours, but weekends were sacred and they tried to give us one week break between sprints.
In PE, if you're on a live deal, you have almost no time for anything else in your life, especially during the last 2-3 weeks as you gallop towards signing. But the quiet times are very quiet indeed. Right now (e.g. second half of July / month of August) tends to be very quiet on average, with most partners taking off several weeks. They'll still email you here and there but don't expect any processes kicking off. And while I haven't done it this year, I remember a year when I left at e.g. 3 pm or spent only a few hours online on Fridays. All depends on your workload.
What kind of fund are you at? MF?
Tech PE specialist, don't know if it counts as MF or UMM here.
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