thecarlosdanger1 t1_iylao2d wrote
Reply to comment by TwilitSky in Morgan Stanley finally lures bankers back to the office 5 days a week by smallint
I mean they already are.
I don’t know a single person who started in IB who didn’t want to get into PE after 2-3 years. It’s often argued as to why banking can be so toxic. There’s a hazing-esque element of “it sucked for me so it’s going to suck for you” + an opinion that a lot of those left were the ones passed over for buyside roles.
IMO private equity has become more comfortable with remote work than larger orgs, because COVID saw a lot of senior employees leave NYC (at least for a time).
Everything still worked and unlike banks, if they wanted to they could up and move the whole firm (or at least its HQ) somewhere else and wouldn’t require thousands of people moving.
ClaymoreMine t1_iyml22n wrote
That is assuming private equity can maintain the same compensation and momentum it’s had since 08. The recent Blackstone news about Redemptions and the shift of these firms to private credit is not a good sign
Jarreddit15 t1_iyn89r3 wrote
Eh, I stuck around in banking (for now). WLB in PE isn’t all it’s made out to be
Different animal, same beast
Fu_tob t1_iyod7mj wrote
It is worse
jessedegenerate t1_iyqrbma wrote
People who make money from money, don’t really contribute to society.
Jarreddit15 t1_iytogeq wrote
I didn’t ask and don’t care what you think
jessedegenerate t1_iyv8bux wrote
That’s cool, for a finance bro you sure don’t understand how public forums work, just know there are people who think what you do is disgusting selfish and entitled, cause it is
pddkr1 t1_iyy0dyd wrote
Just ignore him. Part of the brigade that polices this sub.
surferpro1234 t1_iz1vyb8 wrote
“Workers and laborers built this country…” okay but who financed it? Envy is gross
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