Should I move to PE from tech?

New
TradeMonk

New

TradeMonk
May 12, 2021 52 Comments

I work in tech in NYC: software engineer and NLP.

Since one year I've become cynical. I seem to not care about cool tech stuff anymore, just do what's being told, no interest in climbing tech ladder, reduced interest in talking to people.

I am interested in money, and think more about money.

Few years back, I open Netflix and wonder how their content delivery is so fast.
Now, I open Netflix and wonder how actors pay is influenced by online streaming biz.

PE seems to be a place to earn big money.

I want to know
1. does it make sense to move just based on these reasons? I'm 29yo brown-color M, no ivy-league education.
2. how to break into PE?

#pe

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TOP 52 Comments
  • I’ve made the opposite shift - you’re not going to be able to break in unless you spend 2 years grinding it out in IBD and then jump ship.

    A lot of finance and PE is grunt work - you’ll only be making millions once you’ve cleverly navigated the political bullshit to become partner.

    Also you’ll be working 60-70 hours a week at minimum.

    Money tastes different when that’s your life
    May 12, 2021 19
  • What does PE stand for
    May 12, 2021 7
    • Daimler
      snugghash

      Go to company page Daimler

      snugghash
      I'm a production engineer / data engineer. Life is generally really good.
      Jun 8, 2021
    • Investment Management Firm
      Jampson

      Investment Management Firm

      Jampson
      You’re in the “private equity and buy side” topic haha
      Jun 17, 2021
  • Apple / Data
    R > Python

    Go to company page Apple Data

    R > Python
    Other comments covered it I think but beware the grass isn’t greener. 90% of PE is looking at some bs midwest company, doing financial engineering to figure out what capital structure is the best way to saddle a company with debt so that you can flip it for multiple expansion in the future, while grinding 90 hours a week, no predictable job schedule, slave to the deal lifecycle, create no actual value, and society thinks you’re a cockroach.

    VC/Growth Equity is a bit more interesting but still has most of the same cons. And you need an HSW MBA plus some finance background to really land a seat at a prestigious enough firm that will realize their carry and make the whole thing worth it. Something like 80% of vc returns are captured by just 10% of the VC’s.
    May 12, 2021 1
  • Actifio
    mRLU67

    Go to company page Actifio

    mRLU67
    I was just wondering why would the guy want to move into Production Engineering until someone above said its Private Equities.
    May 13, 2021 0
  • New
    darkknite

    New

    darkknite
    Ehh try to find something you enjoy doing and don’t jump into another shiny object. A lot of Money (not even FU money and 1% reaches that) doesn’t taste good when you cannot enjoy it and hate your job/overworked. You need to do some soul searching
    May 14, 2021 1
    • Epic
      plumpboi

      Go to company page Epic

      plumpboi
      I have had the same thoughts as the guy in the original post. I’d say it’s better to make a lot of money at a job you hate than not very much money at a job you also hate.
      Jun 9, 2021