thecarlosdanger1

thecarlosdanger1 t1_iylao2d wrote

I mean they already are.

I don’t know a single person who started in IB who didn’t want to get into PE after 2-3 years. It’s often argued as to why banking can be so toxic. There’s a hazing-esque element of “it sucked for me so it’s going to suck for you” + an opinion that a lot of those left were the ones passed over for buyside roles.

IMO private equity has become more comfortable with remote work than larger orgs, because COVID saw a lot of senior employees leave NYC (at least for a time).

Everything still worked and unlike banks, if they wanted to they could up and move the whole firm (or at least its HQ) somewhere else and wouldn’t require thousands of people moving.

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