What it's Like Working at a TOP Private Equity Firm! (Warburg Pincus)

In this episode, I interview Connor Crandall, who went from Brigham Young University to investment banking at J.P. Morgan and to private equity at Warburg Pincus. 🧑‍🏫Wharton & Wall Street Prep PE Certificate Program🧑‍🏫 ► Use code RARELIQUID for up to $500 OFF ► https://secure.enroll.wharton.wallstreetprep.com/referral/fkx0rrss/s2yqD1GUkwps4u5h 🍎Sign up for my courses🍎 ► How to get into MBA programs: https://forms.gle/9yEyycuP7NnQBjue8 ► How to get into investment banking: https://forms.gle/wt4cZrezbxVgNzGUA ► How to get into management consulting: https://forms.gle/MmPxUqur7vBschUu9 🧑‍🎓Career Resources👩‍🎓 ► Buy the Resume That Got Me Into JPM: https://rareliquidcareers.com/ ► Wall Street Prep (Use code RARELIQUID for 20% OFF!): https://gv142.isrefer.com/go/rliquid/rareliquid/ ► TTP - The BEST GMAT prep resource: https://targettestprep.referralrock.com/l/rareliquid/ ► Books I recommend: https://amzn.to/3gy28xv ► My filming equipment: https://a.co/cf97WjW 🎥Related Videos🎥 ► Beginner's Guide to Private Equity: https://youtu.be/nW1QpmvfCvw ► Good vs. Bad Day in the Life of a PE Associate: https://youtu.be/vfcL0aAPfa4 ► How to Build a Paper LBO: https://youtu.be/iS0isM0f2z8 ► How PE Investors Make SO MUCH MONEY: https://youtu.be/7GfQvq97nFE ► Secrets to Breaking Into Private Equity: https://youtu.be/3b0s3Afvxjw ⏱Timestamps⏱ 0:00 - Introduction 00:02:01 - Overview of background 00:02:36 - Breaking into investment banking 00:03:49 - Approach to securing internships early 00:07:02 - Early investments 00:09:00 - Decision to pursue PE 00:10:02 - Recommended financial resources 00:10:45 - Coping with banking challenges 00:11:50 - Daily life as an investment banking analyst 00:14:50 - Preparing for investment banking 00:16:00 - Difference between working in small vs large teams 00:18:18 - Adjusting to banking's demands 00:20:20 - Recruiting resources for banking 00:21:30 - Interest in healthcare 00:23:27 - On-cycle vs off-cycle recruiting for PE 00:23:47 - How to choose PE firms 00:27:09 - Role of headhunters in PE recruiting 00:29:58 - Why Warburg was Connor's top choice 00:33:15 - Preparing for PE interviews 00:37:37 - Warburg's investment strategy 00:39:39 - Criteria for evaluating investments 00:41:49 - Insights into a specific PE investment process 00:47:47 - Walking through a PE deal 00:49:24 - Favorite part of the job in PE 00:50:40 - What made PE worth it 00:51:44 - Surprises and challenges in PE 00:53:54 - Involvement in portfolio companies post-acquisition 01:02:38 - Advice for aspiring finance professionals 01:04:13 - Personal lessons from PE 01:07:07 - Overcoming mistakes 01:08:00 - AI's impact on private equity 01:12:21 - Reasons for pursuing an MBA 01:14:50 - Why growth equity as next step 01:19:24 - Alternate universe 01:19:55 - Influential mentor 01:21:30 - Advice to younger self 01:23:01 - Outro ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 📱Interact With Me📱 ► Instagram: https://www.instagram.com/rareliquid ► Twitter: https://twitter.com/rareliquid ► TikTok: https://www.tiktok.com/@rareliquid ► LinkedIn: https://www.linkedin.com/in/ben-chon-8b0ba34a/ ► Business Inquiries: [email protected] 🔎Disclaimer🔎 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.