What It's Like Working in Private Equity and Endowment Funds! (Interview With Wharton MBA Classmate)

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  • čas pƙidĂĄn 9. 07. 2024
  • Learn what it's like working in private equity and endowment funds in this interview with my Wharton MBA classmate Phillip Weinstein.
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    ⏱Timestamps⏱
    0:00 - Introduction
    0:20 - Phillip's background
    1:54 - How did you come up with the idea for your first startup?
    3:09 - How was it managing both a startup and schoolwork?
    4:30 - What were your responsibilities at the endowment fund and did you have any pleasant surprises working there?
    6:26 - Do you have any cool stories from your meetings with those highly influential people?
    7:34 - Were there are any common characteristics that the high net worth investors you interacted with all seemed to have?
    9:03 - Why did you make the transition into private equity and what kind of roles did you play?
    11:35 - What does a day in the life of a private equity investor look like?
    14:09 - How many hours did you work per week?
    14:44 - Are there any skills in particular that you got from your experience working in private equity that you really value?
    17:12 - Do you have any tips on how to break into private equity?
    19:02 - What resources did you use in order to prepare for interviews?
    20:59 - What got you interested in an MBA and why did you choose the Lauder program specifically?
    23:02 - What are your first impressions thus far at Penn?
    24:24 - What are your short term and long term plans after getting your MBA?
    25:39 - What is a search fund?
    28:00 - If you could go back in time to when you were in college, what advice would you give yourself?
    29:42 - What are the personal values that have guided you throughout your life?
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Komentáƙe • 67

  • @garywinthorpe8694
    @garywinthorpe8694 Pƙed rokem +2

    love this! Working while listening to this.
    Thanks Ben!

  • @shiya1243
    @shiya1243 Pƙed rokem +2

    Hey Ben! Thanks for sharing! I am looking for jobs rn, and I found ur broadcast on Spotify! Finally found them here😄😄😄 learn a lot from them! Thanks Ben!!!

  • @fernandozanchitta428
    @fernandozanchitta428 Pƙed rokem +2

    Great interview, thanks for the good content!

  • @ericktorres7612
    @ericktorres7612 Pƙed rokem +1

    Great video! Thanks for the good content

  • @joachimmilberg2313
    @joachimmilberg2313 Pƙed rokem +30

    📌Do what everybody else is doing if you are okay with only having what everybody else has.Information that will pay you everyday, you've got to stop saving all your money.
    Venture into investing some, if you really want financial stability.
    Choose to grow and elevate your mind by studying audios, videos, attending conferences that will give you the edge!

    • @andysyaputra1787
      @andysyaputra1787 Pƙed rokem

      Lately I’ve been thinking of buying cryptocurrency for retirement, I’ve set asides $350k to invest but along the line,I usually get cold feet, maybe because I have no idea what I’m doing, please I could really use some guidelines.

    • @sylwiapictrowska8013
      @sylwiapictrowska8013 Pƙed rokem

      @@andysyaputra1787 In situations like this,I always recommend to people on getting guidance at least from someone that understands price action and all that while you strive on improving yourself by watching videos and learning fundamental analysis.

    • @camachoschubert868
      @camachoschubert868 Pƙed rokem

      Investment guidance sounds like a great idea,thought about it before but never knew how to go about it.

    • @marcoarigliani3460
      @marcoarigliani3460 Pƙed rokem

      @@camachoschubert868 I used to invest on my own because of making your money work for you mentality but never made any progress until I sought the guidance of Juan Antonio Landa and she has made me understand that strategy is everything.

    • @kruegerali3530
      @kruegerali3530 Pƙed rokem

      Wow
..Juan Antonio Landa?

  • @trevorivor4985
    @trevorivor4985 Pƙed rokem

    Great insight ben 👏

  • @bacool
    @bacool Pƙed 4 měsĂ­ci

    Thanks Pooja. This was great. You mentioned in another video about you had a gap year before MBA? How did you explain that in apps?

  • @user-mr4px6jf5g
    @user-mr4px6jf5g Pƙed 11 měsĂ­ci

    Hey Ben, I've been watching your videos. I'm a civil engineer with no finance background. Do you recommend Wall Street prep or Financial Edge for preparing for job interview? Thanks for your advice^^

  • @vaibhavgupta1649
    @vaibhavgupta1649 Pƙed rokem +2

    Ben, you look a little tired, it would be overwhelming to manage MBA and your business. Take a breather from time to time, at least for the first few months! You're gonna kill it!

  • @FelipeCorto
    @FelipeCorto Pƙed rokem

    Keep it up!

  • @josephtuang9775
    @josephtuang9775 Pƙed rokem

    Great Content

  • @jainambafna3105
    @jainambafna3105 Pƙed rokem +1

    Can you please make a full video on whole of your application to wharton and read out your essays in order to completely understand how to go about during the mba application journey.

  • @barryaherne215
    @barryaherne215 Pƙed rokem

    Wow, cool, I didn't know what a search fund was either! Really enjoy the entrepreneurial element of these videos and seeing how they tie into people's studies.

  • @USABESTMBA.COM-NEWS
    @USABESTMBA.COM-NEWS Pƙed rokem

    Nice video đŸ“č

  • @rohanulalam8553
    @rohanulalam8553 Pƙed 11 měsĂ­ci

    Hey brother...i am from Bangladesh..would you please make a video about UN?their pros and cons..salary ranges..specially of world bank..like IFC and MIGA

  • @nabanitatanti8622
    @nabanitatanti8622 Pƙed rokem +1

    Can u please make vedio about Accountant .

  • @collinswaweru8247
    @collinswaweru8247 Pƙed rokem +1

    Top knotch content! The idea of a search fund sounds really interesting. If you could expound more on how the intricacies work, what it takes to be part of one and maybe have a testimonial, that would be great. Learn a lot, thanks!!

    • @forbes4007
      @forbes4007 Pƙed rokem

      I would look into search funder. I had a search fund internship my senior year of college. I honestly felt like I learned more about business in those few months than my whole college experience.

  • @tuannle5536
    @tuannle5536 Pƙed rokem +2

    Great content, thank you for doing this! I have a quick question: Why is it A LOT harder to go to the buy-side when you are 30/32/etc? Is 30/32/etc a random number or buy-side view those ages as OLD?

    • @dac8939
      @dac8939 Pƙed rokem

      I have friends in the sector but short answer is, only if you are trying to break into the industry. If you have experience then moving to similar roles, even if not higher paying or higher 'title' level of authority is not a problem. Due to them not wanting to train someone much older and fact that they can chose many younger people with experience on buyside.

  • @giorgiochen7810
    @giorgiochen7810 Pƙed rokem

    What did you study in uni?

  • @DeborahWilliams-rq1w
    @DeborahWilliams-rq1w Pƙed 6 měsĂ­ci

    I've been diligently working, saving, and investing toward financial independence and early retirement, but the economy since the pandemic has eaten up the majority of my $3 million portfolio. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?

    • @charlesbrown-qx6uw
      @charlesbrown-qx6uw Pƙed 6 měsĂ­ci

      Just try to diversify your portfolio to other market sectors, that way your investment is balanced and you don’t get to make so much losses.

    • @katejessica-pn8fj
      @katejessica-pn8fj Pƙed 6 měsĂ­ci

      I stopped listening and taking financial advise from these CZcamsrs, because at the end of the day, I end up with a bunch of confusing stocks without knowing when to take profit, In reality, all I needed was professional advice.

    • @PatriciaJ.Vazquez
      @PatriciaJ.Vazquez Pƙed 6 měsĂ­ci

      How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?

    • @charlesbrown-qx6uw
      @charlesbrown-qx6uw Pƙed 6 měsĂ­ci

      JANNY PAMOGAS CANAYA
      google the name .........

    • @PatriciaJ.Vazquez
      @PatriciaJ.Vazquez Pƙed 6 měsĂ­ci

      I was able to reach her web page on google and email her. I'm hoping she will respond to me shortly.........