LMMis underrated
您的职业生涯将很容易长达50年，也许更多，当前的退休年龄在美国已有67岁，在英国为66/70，由于照顾人口老龄化的压力，英国的退休年龄将增长300％
Yes the LMM experience is highly variable but on average/median, it offers quite a bit more chilled lifestyle thanMF/UMM, once your in the space and know more people, I imagine you can optimise for this later more easily
You have a higher risk of burning out inMF/UMM meaning that you won't really get to reap the full benefits of a lifetime career inPEover 50 years with all the compounding and investment returns
Things life office politics exist everywhere and are more a firm specific than sector specific problem
Even if you don't burn out inMF/嗯，您可能经常发现上面没有空间，因为那个家伙/gal不想离开，所以无论如何您都必须走下坡路，更不用说让它成为大型资金的机会
You still get to make multiples of the avg. salary in your respective city/country
The work can arguably be more interesting from the perspective that there's generally more focus on operational improvement instead of getting returns via leverage
是的，我知道可选性并不相同，但是在某个时候，您只要friggin决定要做什么。LMMPE如果您选择的话，仍然可以为您提供相关的技能，以在技术和其他领域中担任业务角色，而不是最性感的角色，但仍然可以
Sure I admit I get a kick out of saying yeah I work for bank X and the prestige but that's not what really matters in life. I get that some people want to work on the biggest deals and that's fair but my point rather is that the level of focus on getting into a huge fund is warped. LMM isn't for everyone but its for more people who want to doPEthan I think they realise.
在一家伟大的公司中发挥作用与发挥出色的作用不同。阿波罗（Apollo）招聘您对他们很棒，您正在赚很多钱，并不意味着它一定对您来说很棒
Thanks for listening
Comments (15）
I went LMM over someMM/UMM商店。我绝对是第二个，到目前为止，我对我的选择感到满意。它可以改变道路，但谁知道
One thing to keep in mind is that while LMM may be more chill on average, it's extremely firm dependent. I know LMM guys who work 9-6 and I also know LMM guys who work longer hours than your typicalMF人。您不能只为LMM公司上班，并假设您的生活很棒。
The other thing I'd consider is your tolerance for drudgery. The nice thing about LMMPEis that it tends to be very entrepreneurial with fewer roadblocks to actually getting deals done but you also end up spending a lot of time doing mundane/annoying/tedious data cleaning, babysitting your management teams during important meetings, lack of 3rd party resources / research, etc. A lot of that shit it taken care of at larger funds so you can focus more on investing, which is presumably what you signed up to do. Not saying one is better than the other but there's definitely a trade off.
All great points but turning around a dysfunctional management/operational structure for a sale years down the line can lead to great returns. I've seen some LMM (<$500M funds) with absurd returns. Operational-focused funds to me is more interesting to me and you often see them more in LMM/MMthan UMM/MF。
Careful what you wish for
All great points.
我相信，这就是每个早期员工更高回报的可能性。您确实认为拥有200万美元的5亿美元LMM公司的第五个家伙，从长远来看，这会让您更多的钱。另外，您将在成长中的公司中发挥更大的影响力。
Blackstonewas at one point aMMfirm (yes Ik the 1980s-1990s was a great time forPEfirms) with little prestige.
Working at a LMM firm has higher chances of greater ROI (financial and more) than aMFlike Blackstone.
For me, I'd take that route instead.
Definitely. But will say I've seen someone get screwed as one of the new partners after a vintage LMM fund that performed extraordinary well. Every fund after performed badly and he got little to no carry while the founder made his fortune in his first fund (high 8, low 9 figure net worth).
True but as I mentioned, I imagine once you're on the buyside people would be more willing to be open with you that "oh you're getting a raw deal if you're getting off at 9, lemme connect you with a buddy of mine" vibe vs if you're breaking in so you can find those chill firms a few years intoPEmuch more easily
Your point on the drudgery is interesting and noted, thanks for mentioning
作为一个在LMM,我同意一般LMMis underrated. However, you'll need to have a immense patience given that you're typically looking at some awful opportunities quite frequently (e.g. lean to non-existent process integrations, poor management, little to no financial sophistication). I'd imagine at least in the UMM+ the opportunities reviewed are generally of good to great quality - unless someone with that experience can chime in and correct me. My assumption would seem to tie to the fact that there can still be "value" found in the LMM in terms of entry multiples.
I'd say the LMM markets are less efficient as the information for opportunities moves slower, so there is a huge chance forα在the LMM
let's out the shitty LMM firms here. Please list LMM firms that you know have terrible hours, etc.
Facts
well from ppl ik who went big 4 tas tope（在伦敦很普遍）可能会更加寒冷，但它普遍为tbh
libero accusantium unde natus doloribus laudantium. Autem ipsam beatae voluptatem. Velit quaerat consectetur animi et et corporis excepturi atque.
Magnam voluptatum fugit dignissimos mollitia iSte。Quia sed中的Quod Soluta。
qui sed负nulla cumque adipisci nam必要。voluptatem rerum delectus velit ea。EOS Quisquam Dolore Dolore Eius。Voluptatem Debitis molestiae Nam Sint Veniam。Beatae Quam Magni Dolore Laudantium。
Aut Sed Architecto hic Quisquam locudiandae fugit qui。repellendus iure teruna iusto ut quaerat。Quasi Quia Pranumest。VoluptatumAbauptaum iLLO Inventore EOS Quasi。
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus:6财务建模课程免费（$ 199的价值）
or想要开锁签署你的社会ccount?