What It's REALLY Like Working in Private Equity! (Highs & Lows, Day in the Life, Recruiting Tips)

In this video, I interview my friend Pavan Patel who is my Wharton MBA classmate who worked in Private Equity.
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Why I Quit Investment Banking: youtu.be/watch?v=JMPvp2KHOQs
⏱Timestamps⏱
0:00 - Introduction
0:44 - Can you give us an overview of your background?
1:11 - Can you tell us more about your private credit role?
1:50 - What was your experience in CI capital partners?
2:30 - Can you tell us about how your experience at Bain capital
helped get you into private equity?
3:24 - Can you tell us about one or two role models that you have?
4:36 - What kind of personality traits did your bosses have?
5:48 - What were the common characteristics the most senior
investors you worked for had?
7:16 - What are some of the personal skills that you gained from your
career so far?
8:46 - What does a day in the life of a private equity
associate look like?
10:22 - How does private equity provide value to society?
12:35 - What kind of challenges did you face during your time at PE?
13:56 - Can you share some of the things about private equity life that
no one talks about?
14:49 - Were there any workstreams you didn't enjoy?
16:05 - What did you enjoy about your job?
17:09 - Can you tell us about your one on one experiences with
executives?
18:47 - What are the best tips you have for those listening who are
interested in breaking into PE?
20:13 - WSP/Wharton
21:27 - What kind of people do you think PE is best fit for and then
who is it not fit for?
23:00 - What resources were most helpful for you?
23:52 - Can you walk us through the interview process?
25:36 - How do you stay up to date on industry trends and news?
26:22 - What made you want to get an MBA?
27:19 - What have been some of the most meaningful lessons you’ve
gained from being in an MBA program so far?
28:28 - What are some of your top tips for those interested
in applying to MBA programs?
30:02 - If you could go back to when you were in college, what would
you tell yourself?
31:56 - What do you do to relax?
33:30 - What are your core values?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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🔎Disclaimer🔎
All content in this video is for entertainment purposes only. I am not a professional financial advisor and my statements are not to be taken as instructions or directions. In addition, some of the links above are affiliate links, meaning that at no additional cost to you, I may earn a commission if you click through and make a purchase.

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[@chriswalter92]

Private equity sounds like a mechanism that extracts the most amount of value from a business, and transfers that wealth to the few general partners. Everyone loses - the business, the employees, the local consumers, the tax payers.... except for the general partners

[@tahirisaid2693]

The people you’re claiming don’t benefit wouldn’t have benefited with or without the private equity buyout. The business was failing before private equity came in, they just more efficiently manage the end of the companies life. Most likely allowing most companies to work there longer than they would have been able to do before.

[@sahilgodhwani5]

Man sitting in India this type of content helps a lot...

[@janellesamuels3385]

Love your interview style. You ask the relevant question and let the guest run without interrupting or chiming in too much. Great job!

[@kenng7289]

great interview Ben!

[@mitalmukhida]

It was a really good podcast. Totally enjoyed listening and getting to know this space more deeply. Quite insightful I would say!! Thanks.

[@barryaherne215]

A rare late night rl video! Will catch the rest of this tomorrow - but stopping by to say that this camera set up is much, much better than the older podcasts! 🙌

[@rareliquid]

Thanks for the feedback! We are working to make it even better with multiple cameras soon

[@bigthangz5489]

love it... very informative

[@mohamedeassa]

Great content, I will subscribe

[@DaBestAround]

Hey Ben, This interview is great. I was wondering if you could add this to your list of video ideas: "Is an MBA suited for you" I think it's interesting to see whether an MBA is worth pursuing for some people - I've heard the greatest value from an MBA from a prestigious place like Wharton is the connections/networking but in a video like that, you can address the type of people an MBA would be useful for. i..e for people who are entrepreneurs or people who are looking to change careers etc.

[@betseatgetachew9796]

Thanks for doing this! If it's possible to have conversation on distressed private equity work, that would be great.

[@mrlsv5188]

Hi Ben, I really enjoy the content, all the way from South Africa. Thanks to Pavan for sharing his experience with us. Whilst we are on private equity and entrepreneurship, I would love to know, and pretty exciting if you would do a video. Can/does private equity help you be a better entrepreneur? And which career/field in finance do you think would best prepare someone with entrepreneurial skills?

[@mich94762]

This was awesome! It would be great to hear from those from the consulting side. Also, it might be super interesting to hear from some people in your MBA program that came from more non-traditional backgrounds (such as career changers).

[@bigthangz5489]

great vid

[@ralllao7295]

Would it be possible to interview someone from Apollo or KKR? It would be really insightful.

[@user-ts7uf7cr8o]

pls cover real estate private equity side too !!!!

[@aryanmittal0811]

hedge as well please!

[@jaitwisky9976]

Those workouts are helping. Looking swole af, ben.

[@jeromefrimpong6939]

That was a great interview! Would you be able to interview someone who is an asset management and get there opinion and experiences about the career?

[@deepakchhetry]

Want to know about Product Management Roles at Tech firms. If you can bring some of your friends from the Tech Industry.

[@Ishwarputra]

Future of finance imdustry make a video

[@user-wr4yl7tx3w]

the downside about corporate finance as a career is that perception matters as much as substance.

[@G44984]

That’s a really interesting statement. Could you tell me what you mean by that a bit more?

[@danielmoore9214]

Do you think you will race to MD ?

[@munderscore1156]

Dude looks dead inside the entire interview

[@mattborman5780]

Well, he works in private equity.

[@islayblack]

Do u do giveaways any more?

[@nev6250]

Hi Ben How punishing is the industry towards non-favored accents?(asian ones)

[@JanghoJCHOI-fx2mw]

Go Ben

[@mayare1919]

You ever meet fred?

[@Ultimatetrait]

Question; why opt for an MBA when you had a great job in private equity? I'd think that people get into MBAs to crack top PE/Consulting roles.

[@derek96913]

how many fellow students of your class worked in PE? and what's the ratio?

[@wolfgangi]

Interview questions are great but the answers are prettty surface level tbh

[@munderscore1156]

So basically have rich parents who can send you to any ivy league school, got it.

[@accountsequity5587]

Very cool guy 🤟

[@jg7088]

Seems like u party all the time on IG

[@rareliquid]

it’s the mba life lol