Welcome
to Bateman Begins.
Bateman Begins is about life in high finance - not stock tips and clueless musings on the economy - but about the elusive world of Private Equity and Investment Banking. It's about a world which very, very few people get to experience. Read on, and Bateman Begins will arm you with some unusual tips on breaking in, exclusive, inside-view interviews with industry professionals and much, much more.
What makes this blog different from a truck load of other finance blogs out there?
For the very first time in India, Bateman Begins gives you a peak into what some call "high finance". Every other blog out there in India focuses on investing, money management and the economy. While there are other websites and blogs on private equity, investment banking and hedge funds, they are all based in developed markets, where the practices are radically different from what we find in India. Bateman Begins attempts to plug the gap.
Bateman Begins is about life in high finance - not stock tips and clueless musings on the economy - but about the elusive world of Private Equity and Investment Banking. It's about a world which very, very few people get to experience. Read on, and Bateman Begins will arm you with some unusual tips on breaking in, exclusive, inside-view interviews with industry professionals and much, much more.
What makes this blog different from a truck load of other finance blogs out there?
For the very first time in India, Bateman Begins gives you a peak into what some call "high finance". Every other blog out there in India focuses on investing, money management and the economy. While there are other websites and blogs on private equity, investment banking and hedge funds, they are all based in developed markets, where the practices are radically different from what we find in India. Bateman Begins attempts to plug the gap.
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free to comment or ask questions. And of course, it goes without saying – if
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About
the author:
I am a Chartered Accountant who broke into Private Equity as a fresher. I started this blog soon after I received my offer from the PE firm. Considering the number of hours that I work, it’s a matter of time before I go full American Psycho. And hence the name of the blog, Bateman Begins.
Click here to go to the Bateman Begins Facebook page.
I am a Chartered Accountant who broke into Private Equity as a fresher. I started this blog soon after I received my offer from the PE firm. Considering the number of hours that I work, it’s a matter of time before I go full American Psycho. And hence the name of the blog, Bateman Begins.
Disclaimer:
I am heavily inspired by Brian DeChesare’s www.mergersandinquisitions.com. While an
excellent website, its data on Indian IB/PE industry is limited; as is the
case with every other website on the net. This is what motivated me to start
something of the sort with an exclusive focus on India.
Thanks Bateman! I am a BIG fan of M&I too and was redirected here by your interview on it.
ReplyDeleteThis is a great blog for the finance scenario in India! Loving it :D
Thanks! Make sure to like the Bateman Begins Facebook page to get updates of new posts!
DeleteHey Bateman. Is it possible that an associate at a mainstream impact investment fund which is quite successful, gets paid less than a senior associate in the pe m&a (corp fin, lead advisory) practice of a big 4?
ReplyDeleteI always thought that the buy side compensates better (at least the fixed component).
I'm asking you so that I can have a basis to negotiate with the fund. I think I'm being undersold
It's unusual, but possible. It vastly depends upon your background, number of years of experience, and the veracity of your information about the pay at big4. Without more details, unfortunately it's not possible to provide a more specific answer.
DeleteThanks for this Mr. Bateman.
DeleteCan you also help me throw some light on the career track with an impact investment fund and post your career with the fund as well. How possible will it be to jump across PE funds after spending about 3-4 years with a mainstream impact fund?
I hate to have to give you the "it depends" answer again, but the bottom line is that it does depend a lot on your experience at your current fund. The number of deals you worked on, your level of involvement in those deals, career and role progression at your current fund... Assuming that you're at a reasonably active fund and have increasing level of involvement in the deals (preferably successful), transitioning to, as you call it, a "mainstream impact fund" shouldn't be very difficult.
DeleteFrom what I've seen, the number of PE aspirants with prior relevant experience is extremely small compared to the total number of PE aspirants. So that gives you a legup as it is. And since you're currently in an impact investment fund and want a lateral transition in the impact investment category only, that narrows down your competition even further. Thus, as long as you get good deal experience at your current fund, it shouldn't be too difficult.
A word on deal experience - many people suggest that deal experience only matters if it was a successful deal. I tend to disagree with that thought. Granted that a successful deal allows you to be involved in more aspects that you wouldn't get to see in deal that fell through, but you generally do get to learn a lot even in unsuccessful deals. The analysis that you did, and an understanding of WHY the deal fell through - I believe that's vital experience for future transactions.
Bottom line - As long as you are fully involved in at least a few closed deals, you should be fine. Hope this helps.
Hey Bateman. I was redirected here via BIWS. I am an admirer of M&I and I am certain I will become an admirer of your blog as well. Fellow CA here, May 2015 batch! I read from your M&I interview that work has not been kind and you are not able to invest the kind of time you otherwise would; but it would be great if someone could do what Brian is doing, but for the Indian market.
ReplyDelete