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Wall Street Oasis

E72: Principal in Private Equity - "Do This as Much as You Can"

Wall Street Oasis

Wall Street Oasis

Business

4.9534 Ratings

🗓️ 23 January 2020

⏱️ 61 minutes

🧾️ Download transcript

Summary

In this episode, @PIKtoggle shares his path from semi-target school to working two grueling years as an investment banking bulge bracket analyst. Learn what it's really like behind the scenes and how he was able to successfully pivot to private equity in 2008 even though he was very late to the typically "on-cycle" recruiting process. Listen for his advice on how to deal with recruiters but also how much carry bonus one should expect as you rise through the ranks in private equity.

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.

0:21.6

Let's get to it.

0:25.2

In this episode, PicToggle shares his path from semi-target school to working two grueling

0:31.5

as an investment banking bulge bracket analyst. Learn what it's really like behind the scenes

0:36.3

and how he was able to successfully

0:37.7

pivot to private equity in 2008, even though he was very late to the typically on-cycle

0:43.6

recruiting process. Listen for his advice on how to deal with recruiters, but also how much

0:49.3

carry bonus one should expect as you rise through the ranks in private equity. Enjoy. All right, pick toggle. Thanks so much for joining the Wall Street Oasis podcast.

1:07.6

Yeah, absolutely. Happy to be doing it.

1:10.2

So it'd be great if you could give the listeners

1:11.5

a quick summary of your bio. Sure. So I've been out of school now undergraduate for a little

1:19.4

over a decade at this point. I went to school in the Northeast, was in a program specifically

1:26.2

within management, but also had a nice, you know,

1:30.2

mix of arts and science classes along with the undergrad management classes.

1:35.8

Did a summer internship with a major Wall Street bank during the summer in between my junior

1:42.6

and senior year. Really enjoyed it. It was everything I

1:46.5

had hoped it would be in terms of drink it from the fire hose and just, you know,

1:51.7

learning everything about the self side in the context of the small group that I was in.

1:57.8

And decided, you know, I interviewed a little bit after that summer when I was a fall semester

2:04.8

senior, but really decided that I wanted to go back to that group for full time. So graduated in

2:10.9

2008, which was quite the interesting time. I didn't know it at the time when I graduated in May,

2:17.0

but right after

...

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