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May 31, 2024
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WLB is better than banking but it is still a though job. I would caution against thinking that European firms work less than the big American PE firms. On average that may be true, but there are some groups that are complete sweatshops at the firms you mention and you will work similar hours or worse. And you can't really influence group placement.
Thanks, could you please provide an approximate average number of hours per week? Is it more like 60 or 100 hours? Are hours much better as a VP/Principal compared to an Associate?
~60 hours week when not on a live deal, when on a live deal (or your PortCo is blowing up or what have you) you have no life (so idk 100 or whatever number you want to put). It is hard to come up with an average, this is a project based job so you are always on call but difference versus banking is that you are not at the beck and call of a client so you can plan your life a bit more, you have more visibility over projects and deadlines. You also have more agency over how you spend your time.
Will caveat that I am in a good team and firm WLB wise
Lastly (sorry didn't reply to the last bit) VP/Principal have a chiller life for sure when not on deals but honestly marginally so. When a deal is firing on all cylinders, it is all hands on deck from Associate to Partner
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