I’d get it if you aspired to become the next Leon Black, David Bonderman or Henry Kravis. But why not become the next Margot Wirth instead?
Ms. Wirth, the director of private equity for the California State Teachers’ Retirement System, earned more than $450,000 in fiscal year 2017-2018, according to state records. She had the potential to earn more–over $570,000–had her full bonus paid out.
Sure you’ll work hard on the buy-side of the market. But you’re unlikely to have to endure a series of 80-hour work weeks–or to be on call 24-7 while some big deal comes to fruition–or to get an e-mail from HR insisting you take Sunday afternoons off to achieve work-life balance. Consider how Joy Moglia, CFA, investment officer at Weizmann Global Endowment Management Trust, described her job at last month’s Catapult event hosted by the Toigo Foundation.