Mining & Metals Industry to PE

I work at a large mining & metals company in a 'fast track' leadership role and am in my late 20's. Im making good traction here and earn about AUD 180k and work about 60-70 hours a week. My next gig is coming up and total comp is about AUD 280k with probably similar hours. I am super interested in investing in the resources market (previously worked in equity research early on in my career) and have previously had an offer at a PE fund in Asia-Pac but turned it down. Im also interested in the fact that I have more control over my outcome, the opportunity build something great rather than follow the way of my large corporate and fit into the mould they like and genuine value creation. I could stay here and be quite comfortable but miss finance and am looking for something more entrepreneurial

I figure if I am going to make the effort for a big career switch, then I am keen to give it my best effort. We have a few resources PE firms in AU, but should I move to London and take a chance there? Or even NYC? I feel I can get a run in Australia, but not sure about London or even NYC. I can work in London quite easily but not the US.

 

Saepe vero magni velit tempora. Aut nisi odio dolor voluptas libero autem odio autem. Non temporibus et voluptatem facilis sint. Iure non enim non optio quis cum exercitationem. Ipsum placeat recusandae quasi ut amet dolore eligendi. Voluptatem eum deserunt nam asperiores amet ullam suscipit est.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

May 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 99.0%
  • Warburg Pincus 98.4%
  • KKR (Kohlberg Kravis Roberts) 97.9%
  • Bain Capital 97.4%

Overall Employee Satisfaction

May 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 98.9%
  • KKR (Kohlberg Kravis Roberts) 98.4%
  • Ardian 97.9%
  • Bain Capital 97.4%

Professional Growth Opportunities

May 2024 Private Equity

  • The Riverside Company 99.5%
  • Bain Capital 99.0%
  • Blackstone Group 98.4%
  • Warburg Pincus 97.9%
  • Starwood Capital Group 97.4%

Total Avg Compensation

May 2024 Private Equity

  • Principal (9) $653
  • Director/MD (22) $569
  • Vice President (92) $362
  • 3rd+ Year Associate (91) $281
  • 2nd Year Associate (206) $268
  • 1st Year Associate (389) $229
  • 3rd+ Year Analyst (29) $154
  • 2nd Year Analyst (83) $134
  • 1st Year Analyst (246) $122
  • Intern/Summer Associate (32) $82
  • Intern/Summer Analyst (316) $59
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”