Pros
- Some very good returns, firm is filled with smart and hardworking people - Partners at this firm are true experts in their industries of focus - Can take as much responsibility as you can handle and learn a lot very quickly - Nice offices, good healthcare and retirement benefits
Cons
- Sweatshop, management is proud of "top quintile returns and top quintile hours," morale is often low in the trenches and money/returns is the only motivation left - Almost doubled AUM over the past 4 years, but hiring hasn't kept up, VPs and associates are stretched very thin and turnover at the VP level is high - Management can be cheap, out-of-touch, once proposed getting rid of Capital IQ to cut costs, a critical tool used every non-partner employee almost every single day - Compensation is below peers, somehow junior staff is both very lean and underpaid at the same time - Whoever named a firm with a acronym of PCP must have been on PCP