Should I go into Private Equity?
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- čas přidán 25. 09. 2020
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Dude i’m italian but let me say... you really move your hands when you speak 😅🤙🏻
Italian approved!
Wonderful channel, keep it up !
Hahhahahahahahahah this is the best comment
Bryan 😄🙌🏻
Grande bro!!
You legit apologised with/for/from your nationality 🥺⚡♥️
Private Equity is definitely the most fun side of the business.
I'm sure a lot of people agree!
70% of wealth in US is in private equity i.e. most businesses are privately owned.
@@TheBryanJun yeahhh, please go asap into VC/PE ! We already offer a rare but atypical Investment Opportunity! Valuation Growth Financial Returns: X2 @Year 1+, X15 @Year 2 & X130 @Year 5! Social Impacts: 1100 Jobs, US$1 Billion GDP boost, Green IT/CE, Prestige Hightech Eco-system. Maybe of interest for you or your broad network?
:)
,
@@brunokoegler2189 How long does it take to become a VP in PE
really enjoy your videos! simplifies a lot of the confusing things in finance and helps me with considerations for my future career 👍
Thanks so much!
Hey Brian, love the videos, very refreshing take on banking and I really enjoy how you try to use more basic terms. Keep it up!
Thanks so much!
Bryan, thanks for making this video. I’m currently studying for my MBA and considering this career path as well. Very informative.
Thank you!
Well deserved i appreciate your content thx for everything mate
Thanks!
Great video, kept simple and understandable
You're the big brother we all need, that's why we watch you haha
LOL thanks!
Thank you for another great video Bryan!
Thanks!
really deep tone voice, hand movement like italian. you are perfect man
LOL appreciate it
It depends on what you want of course, you probably have had this conversation a million times with your peers. I happen to know someone ho have been in IB for 15 years, and he had little bit of experience in a PE firm. He works at Goldman now. He told me that there is something about financial modeling in PE that he doesn't like, however, negotiations in the M&A field is always dynamic and he feels important bc he is advising top CEOs and that's something great about M&A. I think that if you like the grind and the commercial side about M&As, you'll do fine. If you want to have a more balanced live and focus on other things, you should do PE
you are fantastic at teaching!!!
Thanks so much!
I was surprised you only have 7k, You are definitely going to blow up soon
I'm shocked I have more than 1k still hahaha hope the growth continues!
This is a great video really understand what private equity is now, Thank you
Thanks so much!
Great video bro
thanks for sharing such valuable info.
happy to share
super informative! :) also an analyst in IB and find this matches up a lot with what i think as well
Thanks so much!
I think it would be great to be in IB or PE. Getting some experience in IB should provide some great insight into PE. I would stay for a year in banking before PE but with a 2 year out offer, you'll get that experience. There's no real wrong move. I put preference on what you want to do vs how much you'll make and if you want that power of the buy side you should definitely move into PE. Either way, you'll do fine with hard work and the right opportunities. Good luck buddy
Bryan, what about you make a video about IB, PE, VC, quantitative finance , whatever finance is lucrative or similar between these roles?
Maybe a video or series of video(s) about all three of or whatever lucrative finance occupation I am missing ( not sure how familiar the subscribers are about finance and if it would generate a lot of views).
Perhaps u can do this overview of each occupation, pros/con's of each, salary/stock/equity , hours work/life balance.
divided
I probably need to do more research on my end to create a video like this - great suggestion
yeah same. confused between these roles and their lucrativeness
Hey Bryan!
Informative and fun video as always!
Do you think exit ops from PE firms are fewer than that of IB because of the focused skillset we develop at PE firms?
IB is better training ground for financials and accounting, while PE teaches sectoral knowledge and company operational process better. Only the top institutions can make big bucks in either field and you have to be the best to work at the top institutions. The only way to be the best is to follow your interest and skills set, which keeps the days and nights of hard work a little bit easier.
Bryan great video dude, could you make a video about the things you struggled with or found difficult in your first year in your IB gig 😊
Thanks! That's a great idea, may be on of my next few videos
Brian I worked at Romney's Bain Capital firm back in 2011. It was worth learning the experience and expertise of the firm in general. That's what I saw as a business during my career years over there. Now I'm a full time gas station cashier and now don't sweat about any peices of drawbacks from professionalism to mediocrity
dude thats crazy
Thanks for the video very helpful, a head hunter reached out to me to work for a P/E firm not as an associate but for their operations. I been interviewing but I’m skeptical because the cut throat culture I hear about.
PE is my dream job hoping to get into it, would like to see you make a video on what PE funds looks for.
That'd be a great followup video to this one
Perhaps try to talk about private debt funds? Wonder what’s your view.
Thanks,
Charles
Bryan the celebrity🔥🔥🔥👽
I wish!!!
I go to W&L as well!
thanks for u content
Happy to help!
Legend. Hey man thanks as well too.
Thanks!
Yes!
I run a Real Estate Private Equity group that’s now expanding into trad LBOs. You can definitely find value in going to a large PE fund but if you’re entrepreneurial, I’d honestly launch something for yourself. Waiting for carry while doing detail due diligence is fine, though when you’re the one raising capital and bidding on deals there’s a lot more you can learn (and make).
And just to add: When small, you can run a deal-by-basis for capital syndication on every acquisition, whether it’s a business or property. If you get the chance, maybe do the associate rotational w/large fund first. Awesome videos, you’re humble and genuine.
Great thoughts - thanks so much and hope your venture into LBO's goes well
i'm at an ivy and going to a bb for in. how do i know for sure if I'm entrepreneurial?
i work at vista i would recommend good experience far better than hedge fund here you learn the actual business side
omg that was so funny Bryan when u started talking about 15 yrs wanting to get into PE/IB. I am 15 and love IB/PE cant wait till I can actually live out my dreams and work at a firm. Thanks as always for the sweet vids 10k by November as the other dude said
Hahaha glad to see you have vision but make sure you enjoy your teens! Don't be swayed about what you want to do, reality is your ultimate future job hasn't even been invented yet
@@TheBryanJun Yeah everyone does tell me to enjoy these years. Will do
Chvip enjoy the young years , keep an open mind and study the business world too . I’m 19 and started getting into the financial markets a year ago . Wish I found out earlier but we still got time !
@@frustrationsr652 best of luck to you man 👍
I just got you in my recommended great vid if you can make some videos about hedge funds would be great!👍🏼
Sounds great!
Venture capital would be easier on the work life balance front. And if you're eying B-school it could set you apart in the application. Pay would be much less, but you join VC for the intellectual stimulation not the money lol.
Yeah VC seems cool af it's just harder to break in because even less demand than PE
Hiring them early could also push the person to stay atleast 2 years in IB, till the time they get hired officially.
Can you do a video on corporate banking/ commercial banking/ alternative routes into banking in general?
will put it on list - but idk much about commercial banking
hey @bryan love your vids. can you please make a salary comparison specially 5-10 years down the line in IB/PE and for big tech Cos. i wanna make a decision about the money and the work life if PE offers a lot more than Big Tech cos FAANG then i think the hours are justifiable but with the big teh cos paying 150-250 at junior levels and around 300k after 5 years. i have a fairly ggod idea about the tech cos. you can refer levels.fyi or blind for reffering the tech salaries. please make a video
Hey dude you’re teach8ng us youngings a lot hahahah
Hahhahahahaha thanks
hair looked dope tbh
HAHA thanks
I love the hand sanitizer affiliate link 😂
LOL
yes you should, more more money and more enjoyable than IB
Hey Brian. I am 33 years old. After working for a bank as a personal portfolio manager at branches for 7 years, i decided to change my career. I left my country, learned english and now looking for job and also studying for CFA. My dream is to work in a private equity firm one day. I am really curious what they are doing and how they are doing in practice. Thank you for the enlightenment 👋
Bol sanslar dilerim!
@@mikeanderson9614 i am surprised lol. Tesekkur ederim :)
Ex IB olmadan gidemezsin o da biraz zor bu yaşta artık 80-100 saat çalışamazsın.
Also a lot of consultants from MBB firms and the strategy boutiques normally go into PE right? Not just bankers from what I’ve researched.
You have the voice of a hit man
LOL
“They use financial magic” hahaha
Hahhahahahahahaha ;)
Private Equity seems really interesting to me, but I am becoming pretty worried about the hours in these industries. You probably know less about these, but can you make videos about Corporate Finance and Product Management (they seem to be the two industries in business where hours are normal)
Corp Fin is similar stuff less time less money- PM is a hot field in tech right now, def better work life balance and good money but many times you need some form of a tech background or an MBA
Thanks so much Bryan…for me the dream is to start a pe firm in nashville
you got this!
hey I love your channel and all the info you provide. I had a question about how to get into investment banking and what I should start doing as a freshman in my undergrad, because I want to go to a graduate school after this so what are some of the things that I should do to maximize my chances of getting into a top graduate school?
If we're talking MBA specifically, I'd keep your GPA up, have a solid story as to why you want an MBA, study for the GMAT and have a couple professors / supervisors in mind for rec letters. Note that most people get MBA's after 4-6 years of work experience
Hey Bryan, love your channel. i’m a sophomore in high school and i’m wondering what classes i should take and what should i educate myself about if i want to go into PE when i’m out of school.
Study hard go to penn or a top ivy try to grow your network the most important thing for PE. hard to get into without knowing people going to have to have experience so you’ll probably be working at an IB. I don’t recommend a financial job (in urban areas) to people the hours suck man you have to know what you’re getting into most people end up quitting it’s not 40 hours a week especially your first couple of years, but if you work hard impress people you’ll make it to the top.
@@calumvonmogerscrossfitcoac8192 work ethic isn’t a problem man i’ll give it all i have to succeed in life thanks for the tips, appreciate you.
@@calumvonmogerscrossfitcoac8192 also, what should i study?
Depends on what you want to study one of my bosses was a music major I had another who majored in film they both had MBAs though. Do what you want to do. you don’t necessarily have to get a business major (although I strongly recommend it) a MBA is important though for climbing the ranks and I’d get that as well. Tip try to get your employer to pay for it. If you’re good at what you do you should have no problem. Just have to put in years and wait to get your chance.
Have you ever invested in PE? And if so post a vid on that with all the facts, pros, cons, etc! Thanks for this company!!
PE investors (LP's) are typically big institutions / very wealthy individuals
You have any videos going in detail about leverage financing?
Are you considering any other options besides private equity for your post-banking career?
just found the channel I would like to get into finance or maybe consulting would love if you could speak off what you know about the latter
Idk much about consulting outside from the fact that you travel a lot (maybe not anymore) and the case interview is hard
300 -500 hours of case studies preparation for a MBB interview
that's the numbers my friends did to get into MBB
I was today years old when I found out preme was owned by TCG!! Mind blown. Wonder if Rubenstein gets free box logos
HAHAH
Bryan - any advice to prepare for a Summer Analyst stint for next year to get a return offer?
Hopefully it's not virtual - be communicative, show strong effort nothing can beat the combination
6k I’m calling 10k by the end of November
That'd be sickkkk
Two questions. 1) do your co-workers know about you CZcams channel 2) let’s say you’re interested in IB/PE but not interested in working the hours required by the industry. Is there another career that could offer similarities?
Yup and if by similarities you mean pay theres plenty (doctor, lawyer, SWE) keep in mind they all have their pros and cons
Bryan - I was thinking more along the lines of the focus of the work.
@@TheBryanJun you mean SWEs at big Companies make the same as IB people say 5-10 years down the line i know they make the same in the starting years
Hi Bryan, i’m from Brazil and i just got my first in Investment Baking, and i think you helped a lot in the decision making. Thank you. I don’t know if you already made a video on this, but how do you stand out in Investment Banking in low rankings? I’ve heard that people deliberately send e-mails late night just to show that they worked long hours. Thanks. Love your vids!
Lol I would not snake people above you like that I think people in the industry who have been in it long enough and the quality of people you actually want to impress would be shown by whether or not they want genuine good work or if they just wanna see you sending an email at 3am
Olá Daniel, qual foi o curso que tiraste?
Finanças?
Abraço de Portugal 🇵🇹🇵🇹🇵🇹
Blackstone♥
elite af
Hey Brian! I’m currently in my first year of college and have a interest in investment banking. If I were to get a masters in business administration, would that be helpful in me landing a job in investment banking? And for the job itself, is what we learn at university helpful or do we learn mostly at the job?
Yup MBA's are a great way to become an associate - learn mostly at the job
you don't need that aha. I became a investment banker without a degree
If you are still consdiering presidency, you have my vote haha
Hahahhahahahahahah
advice for a college sophomore hoping to go into PE? and is it a good idea to go straight into PE or do IB first
I think there's a growing number of people going straight into PE - it's probably each their own and why not go for it if you have the opportunity to do so and if that's what you want to do. I will say doing that probably limits your exit opps a bit as opposed to going to banking and then doing something else
Hey Bryan, any experience or insight on people moving from law school into IB or PE?
I know a couple people who've made that switch - the ones I know got a MBA but I know a lot of the skillsets are transferrable
@@TheBryanJun hello I am also a law school final year. It be big help if you can help provide for this path.
I don’t know why I started focusing on his hands moving. I’ll play the video again , but this time with the phone down and just listen to it.
LOL sorry
I see you got a Boston hat. Did you go to school there?
Nah just a fan
Accounting vs finance
different hats for different folks
So I'm currently a senior and got admitted into Wharton and will work hard to get into the PE work field. Wish me luck fellas.
best of luck!
Wow same. Got into Wharton and plan to get prepared for PE @The Silent Hustler
Hey Bryan I am just starting out as a sophomore in high school and I was just wondering should I do Finance in college or should I get my MBA/ Business degree?
You can do both but if you're a sophomore in high school I would not worry about what your college major should be / MBA right now
Nice hat buddy
Thanks! I'm a big fan of Boston
You have a great face for the camera! :p
HAHA thanks!
I am really enjoying your videos here in the UK, I like how direct you are, keep at it! I was wondering: I have just finished my bachelor in Economics, I am working a year in a basic accountancy role before doing a 1 year master in a target school. By the time I finish my master's degree I'll be 24: is that too late to start working in investment banking?
Definitely not - probably close to average analyst age
Nope, but probably better to go for an associate role if you have a masters
You should talk about the sales and trading section, and what exits there are for future career paths.
I actually considered S&T before I chose banking - It's fundamentally a different skillset I do think trading is becoming replaced by SWE to a certain degree and the S part is truly a sales role. In my limited knowledge I believe the exit opps aren't as wide as it's a very specific skillset
Bryan transfer into a hedge fund?
Does private company investment in public listed company ? That is what level of investment is high in private equity firm? Is it level 1 ,2 or 3??
Are there any books you would recommend to learn more about investment banking?
Zachary Maurer I second this...
I haven't really read books on banking - I'd read liars poker if you want a dramatic insight into finance!
Investment Banking by Joshua Rosenbaum and Joshua Pearl
Im meeting with a hybrid PE/VC fund as an analyst position for post graduation. It would be an analyst position, what would I "expect" to try and negotiate for a salary?
Hm right after undergrad PE/VC is rare but I think it's becoming more of a common place - probably banking standard (85-90)?
Bryan yeah it is rare but I’ve been networking with the partners and analysts and they’re looking for analyst help so I meet with them this week
I've been trying my best to learn what and how private equity works...im only 15 lol
good to explore all options
I am currently in my Internship as an Investment Banker (final requirement from my University) and thinking if I should go to Private Equity after my internship or continue Investment Banking, what are your thoughts?
Should I start my career in Private Equity or Investment Banking?
it's typically more "traditional" to start in IB but if you have the chance to do so, I think it's fine to start in PE - and this is becoming slightly more common
Hey Bryan, Do you think it's possible for someone in equity sales / fixed income sales to transition to PE?
I don't think it's that frequent (as opposed to M&A IB) but finance is still finance...
Companies that are public may need to raise more capital, so use a private placement. Look at The Movie Studio mves. Lots of opportunities in raising equity.
Wish i thought abt private equity before picking only economics when I coukd have taken maths too oops
econ is still a good major to have!
Hi Bryan, currently I’m in college and enrolled in a program for my credit analysis certificate by a very reputable company. I want to get into private banking/wealth management, what do you think it’ll take to get there?
I think your best bet is networking and checking if your school is a target school first
@@TheBryanJun is Wharton a good target school?
@@santiagomoposita3895 that's the TOP TOP target school mate
did u have any progress. it's hard
@@15v1c1 Really? I’m glad I got in then !
what do you think of Babson and what are the benefits of having a undergraduate degree from there?
Don't know much about Babson personally
8:45 funny you said when you should start thinking about it at like 15 and doing algebra 1 me: doing geometry 15 in junior year 🧐
LOL
I feel like this is a dumb question, but you talked alot about the competitive nature of entering P.E. firms. Why don't people just start their own firms? Isn't P.E. lightly regulated? People pool their funds...why don't they pool their talent? Maybe I'm oversimplifying it.
is it possible to go into PE out of college or do you need to go into IB first?
It's definitely possible but not common - I have heard tho that PE firms are slowly realizing they can get talent right away so slowly but surely they may hire more directly out of undergrad
Example of a particularly interesting question someone asked you about your job?
What makes you keep going
@@TheBryanJun Moving forward, do you think the SPAC industry will become as competitive as the PE industry?
what are the exit opportunities for private equity personnel that leave after some years that still want to make good money (200K+)?
either go to another PE shop or go in house as corp dev
Hey man, what you think about wealth management?
Idk much about it from my peers who are in it it seems a bit more laid back than IB, slightly more client facing at a junior level
Does Masters in Financial Engineering prepare you for a job in quantitative hedge funds?
Not sure but it sounds like it would! I know a lot of quants have a math/statistics background and often require masters/phd but this is all from me reading / hearing from people rather than direct experience
@@TheBryanJun Any insights about hedge fund recruitments, diversity in qualifications & the next trend taking over of the quantitative hedge fund industry would be great. Kindly avoid shareholder activism as that's almost like Private Equity -ish
Man, what s the best degree to get INTO p.e.??
Finance?? Engineering?
Keep it up,man, love from Portugal 🇵🇹🇵🇹🇵🇹
When you say banking, you mean IB? Is that is the only way to join a PE?
Yup and no people go into PE from consulting, MBA's etc.
Bryan not true. You can get into PE from any industry just have to be business minded and well liked. You could start a firm today.
Where's that "throw?"
Given that you work in M&A and already work hard if they are going to pay you more, I would lol, if they aren't don't do it! PE certainly isn't the holy grail it used to be. If they will pay you the same to work fewer hours then maybe you have to consider your ability for progression because you're so young. $200k a year might seem like a lot but many with ambition can turn that into $2m-$20m a year. So the progression is always vital to consider a couple good years at a good firm can outdo decades of grinding even if you were earning $200-500k the whole time!
I think you did cover it with the context of what you're saying but it's likely the 1% of the 1% within finance get to be a partner at a well-performing PE firm. Most PE firms have a cost structure which means they do not perform well for consecutive economic cycles, whereas Goldmans or Morgan Stanley etc has been making money for decades even an over a century in Goldmans case.
Yeah this is a point a lot of people who remain on the sell side, especially right now, talk about - it does seem like there's an explosion of PE in the past decade and making it big does require (for a lack of better words here) some form of luck whereas banking there will always be fees
@@TheBryanJun I think you're right from what I've seen earning $2-5m a year in banking is not uncommon but still rare but $2-5m a year in PE is much more common place and of course there are those few in PE who you could add a zero or a even couple of zeros on to the end of that.
@@williambardsley7540 people can earn 2-20mil in PE wrt IB i mean are there more chances of making that much in PE compared to IB or IB people cant make that much but only a few of them ?
@@subarashi516 On average those in PE earn more but the jobs are harder to get. The jobs earning 500k-2m in IB are already ridiculously hard to get and getting the 2m+ jobs in PE are even rarer.
Do you have a PE vs VC video?
That is not controversial. People should not be choosing careers so early, especially when the hours can be grueling and soul crushing. I was in the risk management side of investment banking/BB (think Market Risk& compliance) and I had the chance to move into the M&A/IBD but I was seasoned enough to realize that IBD was not for me. The problem with early recruiting is that students do not have enough time to research if banking or PE is for them. Recruiters want "Top Talent", but the top talent is the person who took the time to critically research to see if Banking or PE is right for him/her.
Another thing with PE is that going the traditional path, IBD analyst to PE associate to M7 MBA will not guarantee a partnership or principal role. I have seen people from non-traditional backgrounds such as big 4 and corporate finance make it into principal and partner roles in some good PE firms. It is about being in the right place at the right time.
By the way, your hair.......I am getting more Elvis Presley vibes than Dracula vibes.
truth
Hello Bryan can you talk about private credit?
I cannot as I know nothing about it
How interesting is your work in IB? Do you feel intellectually stimulated or is it mostly a grind like every other corporate job?
I think Big picture wise it's incredibly interesting - the day to day is definitely like a "other coporate job" sometimes but I do believe the overall experience I get is quite rich compared to other people my age in other business jobs
David rubenstein is a real businessmen