Can you be good in PE if bad in IB?
Have been on the desk for a year and a half and honestly my motivation just wore off with time given boredom involved with the job. Have been doing very well in modelling tasks (very rare to model as well in my team) but have been less detailed oriented in my slides because I just can't bother anymore (have exit lined up). I am telling myself that this is all due to extreme boredom and lack of cultural fit with my group but do you think I'm maybe just not good enough?
I love the analysis and really enjoyed doing all the prep for the pe interview , also have genuine interest in the space while I really find Investment Bankers deeply useful in societal value creation process. Also have ADHD which I don't medicate, might not help
Comments ( 3 )
Similar boat as you. Hoping our brothers and sisters who have crossed to the other side can opine.
It sounds like it might be an effort/motivation issue rather than an ability issue? Either way I don't think being a good banker is a prerequisite for being a good investor. I will say that if you are bored with some of the tasks you are being asked to do in banking there is a possibility you might not like private equity either. I have found at the junior levels there is a significant amount of overlap with the analysis/processing/admin work you will be expected to do.
To me the exciting stuff in PE is everything outside of that analysis/processing/admin work such as talking to management teams, structuring deals, strategy post-close, M&A/addon pipeline development, fundraising and portfolio construction at the fund level (if you are lucky enough to be included in those types of conversations at your firm). All that to say you have to crush the boring processing work to get to do the fun stuff, its the cost of being in the business.
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