#13 - Connor Crandall - (J.P. Morgan, Warburg Pincus) | Investment Banking, Private Equity

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.Watch this episode on YouTube here - https://youtu.be/Tf3SvAIW4SI🧑‍🏫Wharton & Wall Street Prep PE Certificate Program🧑‍🏫► Use code RARELIQUID for up to $500 OFF► https://secure.enroll.wharton.wallstreetprep.com/referral/fkx0rrss/s2yqD1GUkwps4u5h💧rareliquid💧► Sign up for my investment banking course► Sign up for my how to get into MBA course► Sign up for my management consulting course► Youtube► Instagram► TikTok► LinkedIn► Business Inquiries: ben@rareliquid.com------🧑‍🎓Career Resources👩‍🎓► Buy My Banking Recruiting Guides► Wall Street Prep (Use code RARELIQUID for 20% OFF!)► TTP - The BEST GMAT prep resource► Books I recommend► My filming equipment------⏱Timestamps⏱0:00 - Introduction00:02:01 - Overview of background00:02:36 - Breaking into investment banking00:03:49 - Approach to securing internships early00:07:02 - Early investments00:09:00 - Decision to pursue PE00:10:02 - Recommended financial resources00:10:45 - Coping with banking challenges00:11:50 - Daily life as an investment banking analyst00:14:50 - Preparing for investment banking00:16:00 - Difference between working in small vs large teams00:18:18 - Adjusting to banking’s demands00:20:20 - Recruiting resources for banking00:21:30 - Interest in healthcare00:23:27 - On-cycle vs off-cycle recruiting for PE00:23:47 - How to choose PE firms00:27:09 - Role of headhunters in PE recruiting00:29:58 - Why Warburg was Connor’s top choice00:33:15 - Preparing for PE interviews00:37:37 - Warburg’s investment strategy00:39:39 - Criteria for evaluating investments00:41:49 - Insights into a specific PE investment process00:47:47 - Walking through a PE deal00:49:24 - Favorite part of the job in PE00:50:40 - What made PE worth it00:51:44 - Surprises and challenges in PE00:53:54 - Involvement in portfolio companies post-acquisition01:02:38 - Advice for aspiring finance professionals01:04:13 - Personal lessons from PE01:07:07 - Overcoming mistakes01:08:00 - AI’s impact on private equity01:12:21 - Reasons for pursuing an MBA01:14:50 - Why growth equity as next step01:19:24 - Alternate universe01:19:55 - Influential mentor01:21:30 - Advice to younger self01:23:01 - Outro