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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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
Unlike you, I'm too old (14yr exp) to switch to software now :)
Assuming business roles (strategy/corp dev/biz dev) comps are much lower, perhaps close to $500K director and $1M VP?
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.