What is your question? Yes, PE compensation has changed since 2015, but not by quite as much as you’d expect. Adjusted for inflation, it might actually be down at most levels. People at the senior levels will earn above $1 million per year, especially once carried interest is factored in, but below the Partner level, that’s not true. Maybe some Director/SVP level people will earn in that range if you add carried interest, but Associate, VP, and other mid-level roles will not.

I wanted to see if what you said about $1m a year. Am I missing something?

If you have nothing else finance related before this, yes, a search fund internship will help with IB recruiting at the MBA level.

Will a pre-MBA internship at a search fund be substantially helpful with recruiting for IB summer internships?

Let’s say the opportunity mainly involves deal sourcing and conducting due diligence, with the rare modelling sprinkled in. I am coming from a non-financial services background so I was curious if it will at least help signal an interest in IB.

Thanks,
Kevin

Hedge funds will not care about your own e-commerce business. They just want to see evidence that you can generate profitable investment ideas. These are completely different careers, so I think you need to pick one to focus on and put the other on the backburner for now.

If anything, PE and VC firms would care far more about your experience starting this type of business. So if you want to leverage it for something, think about one of those.

PE->VC->startup->HF (TMT)

I’m looking for advice. I have 5 years of experience in PE & VC. 4 years PE, 1 year VC (which shut down due to the partners breakup). Now, I am thinking of starting a small e-commerce business selling my own products using ads on social media platforms, SEO etc to drive traffic to my own site (shopify/wix etc). It started as a hobby but thought about monetizing it and once it’s up and running, I can run it on the side easily, while working on a full time job. It’s print on demand business model which is not as time consuming as other business models. After that is launched in the next few months, I was thinking of applying to a HF (TMT role)

Just wondering how much do HF (TMT role) value such experience? Whether I should kill the idea of e-commerce and focus on the job hunt or do it anyway and then start the job hunt after?

A few things I thought about pros and cons of carrying this e-commerce side business out:

Pros
1. Great opportunity to show that I can think like an investor in terms of capital allocation & general business analysis
2. Developing an understanding of best practice & scale practice – applying what I learn in running the e-commerce to a far larger company in terms of scale: thinking about why the platform is picked (Wix, Shopify), who the target customer is, issues dealing with bidding for customer traffic through different traction channels (managing ads campaigns, revenue channels)
3. Having hands-on knowledge on e-commerce from running it

Cons
1. I may be able to develop a more knowledge than the average TMT analyst but from an investment perspective, the edge may not be as valuable?
2. People from biotech background goes into biotech investing, gives them a lot of edge as the sectors are difficult to model and understand. However e-commerce may conceptually not be as hard to understand / model hence the experience will not be as useful for investing
3. May drag the timeline (preparing a few good pitches takes time too) & delay the job hunt for getting a role in HF (TMT)

Thanks!

You should probably list it under Work Experience, and maybe pretend it was a “Project” or “Client” so you can write about the analysis and the end results, even if it’s a stretch to categorize it that way.

I’m applying for positions in Asset Management and have few questions about Resumes.

You talk often about ‘bankifying’ skills. There’s one ‘skill’ I’d like to bankify:

I’ve been using an incredibly advanced military software that simulates modern air-naval warfare to the nth degree of detail. The sophistication level of it is such, that it is used extensively by the Pentagon, Defense contractors and military databases to train their people and simulate war scenarios. (Air Force Research Laboratory, BAE Systems, Jane’s etc…)

I want to bankify it b/c I have 1k+ hours of experience on record using it, developed an insane amount of insight into how the military operates and have written a #1-rated review on it. My dilemma is whether to make it as a section in ‘Work Experience’ in my Resume, or leave it in my ‘Personal Interests’ section.

What do you think?

Yes , of course you should reach out. You have to break the rules when networking or you’ll never get anywhere. Some people might be annoyed, sure, but most people will be impressed that you took the initiative to find them… as long as you know what you’re talking about when you speak with them.