I would also agree that the golden path of 2+2 in banking & PE is the path of least resistance, but honestly, I am a bit burnt out and would rather try something exciting than be risk-adverse my entire life. ), excel jockey, not quite a flat structure (Associates are certain to be at the bottom of the totem pole), Pros: More autonomy, hours are flexible (45-70, depending on deal processes), top salary bracket for GE (250-300k), rapid development of VP+ skills (will be meeting with clients, managing VP level workloads), Cons: Lack of brand name, high risk due to relative recency in fund. For a start-up attempting to reach the next stage of development, most face the common challenge of raising enough capital before running out of cash. Life is short and I'm not willing to waste away my 20s, no matter the pay. Associate - junior, mostly responsible for sourcing and deal diligence. Its similar to buying a home using a down payment and a mortgage, but on a much larger scale. //]]>. To get the results you want in interviews, you have to put in the work. Thanks for the input! The differentiating factor that can make a growth equity firm stand out is its capacity to be more than just a capital provider along for the ride. The 2022 on-cycle private equity recruiting process was a landmark season for us. Fund size is fairly large given the typical check size. Long-term I have a more entrepreneurial mindset and would like to either 1) transition to a MD level position at a GE shop or 2) join/create a start-up as CFO/COO. For example, if a public companys market capitalization (market cap) is $10 billion, is it overvalued, undervalued, or appropriately valued? Once the development is complete, a loan refinancing occurs, the construction lenders are repaid, and new lenders fund the stabilized asset. Your information will not be shared. I would really appreciate it if people who have gone through this could share their experience, what to expect for growth equity (3-statements, LBO, cohort analysis, etc.? I would love feedback from someone who made the transition and can speak candidly about the move. Sed facilis fugit id ut. 2023 Wall Street Prep, Inc. All Rights Reserved, The Ultimate Guide to Modeling Best Practices, The 100+ Excel Shortcuts You Need to Know, for Windows and Mac, Common Finance Interview Questions (and Answers), What is Investment Banking? Merger models are designed to answer these types of questions. hey! Check out myother posts on growth equity recruiting, and sign up for the newsletter below to receive all my best tips in your inbox. //