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Wall Street Oasis

E48: Private Equity Post MBA with Only Consulting and IB Experience? Nah, Get Out of Here!

Wall Street Oasis

Wall Street Oasis

Business

4.9534 Ratings

🗓️ 31 October 2019

⏱️ 69 minutes

🧾️ Download transcript

Summary

Member @Layne Stayley, one of the most giving members in all of WSO's history, shares his inspiring path as an engineering student graduating during the Great Recession in 2008 all the way to a post-MBA associate seat in private equity and now VP at a Merchant Bank in the Northwest. He shares how he first broke into consulting out of undergrad during a very tough recruiting environment, his jump to investment banking and how he was laughed out of the room by a PE partner during an info session when he told him that his eventual goal was private equity. Learn how he managed to prove that partner wrong with some simple legwork. Having lived in a lot of different regions and tasted a lot of different industries in his short career, I hope this guest gives you a nice taste of the nuances of each.

Transcript

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0:00.0

Hello and welcome. I'm Patrick Curtis, your host and Chief Monkey, and this is the Wall Street Oasis podcast. Join me as I talk to some of the community's most successful and inspirational members to gain valuable insight into different career paths and life in general. Let's get to it.

0:25.1

In this episode, member Lane Staley, one of the most giving members in all of the episode's history,

0:31.6

shares his inspiring path as an engineering student during the Great Recession in 2008 all the way to a post-MBA associate

0:39.0

seat in private equity, and now as a vice president at a merchant bank in the Northwest.

0:44.5

He shares how he first broke into consulting out of undergrad during a very tough recruiting

0:49.3

environment.

0:50.1

His jump to investment banking and how he was laughed out of the room by a private equity

0:53.9

partner during an info session when he told him that his eventual goal was private equity.

0:58.4

Learn how he managed to prove that partner wrong with some simple legwork.

1:02.7

Having lived in a lot of different regions and tasted a lot of different industries in his short career, I hope this guest gives you a nice taste of the nuances of each.

1:10.7

Enjoy.

1:21.9

Okay, Lane Staley, thank you so much for joining the Wall Streetoises podcast.

1:26.0

Just real quick before we get started, I want to say that you are one of my favorite members

1:30.8

of all time on Wall Street Oasis, so thank you for taking the time to join me here.

1:36.0

Much appreciate it.

1:37.1

Happy to be here.

1:38.1

So anyways, it'd be great if you could give the listeners a quick summary of your background.

1:43.7

Yeah, so I guess I'll start back in college.

1:46.8

So I went to a semi-target.

1:49.7

I was an engineer.

1:51.0

I was a varsity athlete.

1:53.0

And I was somebody that grew up totally away from, you know,

...

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