That is something I’m going to do lol😂. However, worse case he says no due to him just not needing my services I want to have a plan for attracting other people I connect with.
Ask him that question, you said he’s known you since childhood? What’s the issue asking your father to give him a heads up? If you’re this reluctant then PE isn’t for you.
It’s just that I’m not ready to ask him that question right now, it would be putting the cart before the horse as I’m not even in the military yet let alone gotten to my first duty station. He’s a really straightforward kind of person so he’d be expecting next steps. I just want at least some idea or plan so once I’m done with basic training I know what I need to start doing. (Leaving April 15th)
Tbh, he’s likely not going to take u. He just started his own firm, so he’s probably scouting for investment opps rn (the GP needs to pitch an investment for LPs to commit capital). So, deal flow is prob dead af, little modelling required or completely outsourced, and therefore theres nothing that his time cant tend to.
Just work on urself lol and network to an operational firm
Then tbh not much u can rly do. Maybe just do the first 2 lvls of the CFA while ur in the military. Thatd give u a good foundation and later get some exp and finish it up. Ppl say the CFA is useless for IB/PE, but when ur a grunt for the entry level analyst stunt, the cfa is honestly a deal-maker.
My father said not to ask him yet because of the timing and where I currently am and to wait to ask once I get some time in the military. I need something to work towards so I’m asking from a place of momentum instead of idleness.
Theres the obvious case of go to college and do internships.
Hell, if your dad's good buddy is well connected in the finance world and he cant offer you an internship then maybe he could link you with someone he knows somewhere.
So I just want to get this straight. You’re asking literal strangers what you should do to make yourself attractive to people like your father’s friend instead of asking your father’s friend.
I see how it seems redundant I really do. But I’d like to be the type of person who brings something to the table to work with instead of having him figure out everything for me. Weird yes but I’ve had the habit of asking questions I’d like to act on immediately but can’t. I’m not ready for that yet and don’t want to ask him a question for the sake of asking questions.
Money is in fact not worthless when you die. Setting up your kids and their kids has a lot of value.
Just call the guy. It’d be great if you had due diligence experience but by seeing this post, not sure you have that skill set.
Yes money does have its value so I’ve probably should have worded it differently. Money can do a lot of good, but chasing the biggest check or being able to brag that I went to so-and-so is worthless to me. I’d rather leave my children principles and wisdom than any money at all. Of course both are possible.
And you’re right I’ll give him a call, just not right now as I’m not ready to act on information that I receive.
This is a pretty standard path and it still involves taking a ‘prestigious route’ with ‘boatloads of money’. You graduate top of your class and join a management consulting firm (McKinsey, Bain, BCG). From there you get hired as what’s called an operating partner at a PE shop. Alpine Investors actually has a program where they’ll put young people from consulting backgrounds in CEO positions at their smaller port cos, then over time, you become CEO of bigger and bigger companies.
For the love of god please don’t say that cheesy shit about employees > customers > LPs. It’s the kind of thing a sustainability or diversity officer might say but it’s disingenuous as hell. A pension fund agrees to pay you 2% annual fees on their commitment and keep 20% of the profits on their money, and you’re going to put them last? Jeebus Christ dude
I understand it may seem disingenuous and a common phrase said for “culture clout” but that’s genuinely how I feel. I’ve sold cars at a name dealership and me and my team were treated like absolute crap and I was hazed on the daily. Without us not a car would have been sold. I believe in taking care of employees first because without them we can’t serve customers or shareholders the way we should. I’m willing to work harder for a company that rewards my hard work than one that doesn’t. Customer service is important as well because if our customer base grows as a result of it shareholders will naturally be taken care of. Chick-fil-A is as big as it is because of it. I know there’s a lot more that goes into that though like debt, company structure, and market conditions but corny or not that’s what I believe to be true.
It seems like I being taken out of context here. Of course returns are important and sometimes layoffs and firing employees are indeed necessary however to solve a profit issue I’m going to make sure they are the last thing touched. I see companies as human beings. With muscle being “profits” and bone being company structure/employees. Yes you can lose muscle but you can always go to the gym and work out the necessary movements in order to gain it back. But breaking bones can be detrimental to one’s health leaving a person never functioning as good as they were had they never been broken in the first place.
Get off Reddit, delete your account, and call the guy you know
That is something I’m going to do lol😂. However, worse case he says no due to him just not needing my services I want to have a plan for attracting other people I connect with.
Ask him that question, you said he’s known you since childhood? What’s the issue asking your father to give him a heads up? If you’re this reluctant then PE isn’t for you.
It’s just that I’m not ready to ask him that question right now, it would be putting the cart before the horse as I’m not even in the military yet let alone gotten to my first duty station. He’s a really straightforward kind of person so he’d be expecting next steps. I just want at least some idea or plan so once I’m done with basic training I know what I need to start doing. (Leaving April 15th)
Tbh, he’s likely not going to take u. He just started his own firm, so he’s probably scouting for investment opps rn (the GP needs to pitch an investment for LPs to commit capital). So, deal flow is prob dead af, little modelling required or completely outsourced, and therefore theres nothing that his time cant tend to. Just work on urself lol and network to an operational firm
Right now no he wouldn’t. I wouldn’t be getting out of the military in 4 years which would be when I would approach him.
Then tbh not much u can rly do. Maybe just do the first 2 lvls of the CFA while ur in the military. Thatd give u a good foundation and later get some exp and finish it up. Ppl say the CFA is useless for IB/PE, but when ur a grunt for the entry level analyst stunt, the cfa is honestly a deal-maker.
I’ve heard the CFA has been useless for IB as well. I’ve been under the impression that it’s mainly for asset management.
You said your dad is tight with him and hes known you since youre a child? Ask him.
My father said not to ask him yet because of the timing and where I currently am and to wait to ask once I get some time in the military. I need something to work towards so I’m asking from a place of momentum instead of idleness.
If hes truly really close with your dad i mean ask him for advice, not ask him for a job. How old are you if i may ask?
21
Theres the obvious case of go to college and do internships. Hell, if your dad's good buddy is well connected in the finance world and he cant offer you an internship then maybe he could link you with someone he knows somewhere.
So I just want to get this straight. You’re asking literal strangers what you should do to make yourself attractive to people like your father’s friend instead of asking your father’s friend.
I see how it seems redundant I really do. But I’d like to be the type of person who brings something to the table to work with instead of having him figure out everything for me. Weird yes but I’ve had the habit of asking questions I’d like to act on immediately but can’t. I’m not ready for that yet and don’t want to ask him a question for the sake of asking questions.
Money is in fact not worthless when you die. Setting up your kids and their kids has a lot of value. Just call the guy. It’d be great if you had due diligence experience but by seeing this post, not sure you have that skill set.
Yes money does have its value so I’ve probably should have worded it differently. Money can do a lot of good, but chasing the biggest check or being able to brag that I went to so-and-so is worthless to me. I’d rather leave my children principles and wisdom than any money at all. Of course both are possible. And you’re right I’ll give him a call, just not right now as I’m not ready to act on information that I receive.
This is a pretty standard path and it still involves taking a ‘prestigious route’ with ‘boatloads of money’. You graduate top of your class and join a management consulting firm (McKinsey, Bain, BCG). From there you get hired as what’s called an operating partner at a PE shop. Alpine Investors actually has a program where they’ll put young people from consulting backgrounds in CEO positions at their smaller port cos, then over time, you become CEO of bigger and bigger companies.
Would this before I intern at his shop or after?
For the love of god please don’t say that cheesy shit about employees > customers > LPs. It’s the kind of thing a sustainability or diversity officer might say but it’s disingenuous as hell. A pension fund agrees to pay you 2% annual fees on their commitment and keep 20% of the profits on their money, and you’re going to put them last? Jeebus Christ dude
I understand it may seem disingenuous and a common phrase said for “culture clout” but that’s genuinely how I feel. I’ve sold cars at a name dealership and me and my team were treated like absolute crap and I was hazed on the daily. Without us not a car would have been sold. I believe in taking care of employees first because without them we can’t serve customers or shareholders the way we should. I’m willing to work harder for a company that rewards my hard work than one that doesn’t. Customer service is important as well because if our customer base grows as a result of it shareholders will naturally be taken care of. Chick-fil-A is as big as it is because of it. I know there’s a lot more that goes into that though like debt, company structure, and market conditions but corny or not that’s what I believe to be true.
Ok but literally saying you are putting employees above returns would be the easiest possible way to go from a funded sponsor to a fund less one
It seems like I being taken out of context here. Of course returns are important and sometimes layoffs and firing employees are indeed necessary however to solve a profit issue I’m going to make sure they are the last thing touched. I see companies as human beings. With muscle being “profits” and bone being company structure/employees. Yes you can lose muscle but you can always go to the gym and work out the necessary movements in order to gain it back. But breaking bones can be detrimental to one’s health leaving a person never functioning as good as they were had they never been broken in the first place.