1. Barclay's fired him because this is terrible for their outside image at a time when young bankers are offing themselves. They weren't looking for an excuse to let him go because the fact he got a Carlyle offer tells me that was a top notch performer in his team. Carlyle is one of the hardest PE firms to break into as a banker. This is 100% image driven.
2. I have a feeling that this kid was a bit of a beta in HS and at Georgetown but when he got to NYC banking, he turned into an Over the top "Banker bro". A natural banker bro would've known when to exist as a bro and when not to. I'm guessing Kwan forced his 'bro-ness' and therefore made this mistake because he's over-compensating.
3. Carlyle is one of the more conservative PE funds out there. They might overlook something like this for a genuine rainmaker, but he's not. He's a pre-mba associate that is essentially a DCF/M&A/Valuation excel monkey. There are a lot of those in the ocean who would kill for the job.
Working in finance is soul sucking. I would not recommend it to anyone.
2. I have a feeling that this kid was a bit of a beta in HS and at Georgetown but when he got to NYC banking, he turned into an Over the top "Banker bro". A natural banker bro would've known when to exist as a bro and when not to. I'm guessing Kwan forced his 'bro-ness' and therefore made this mistake because he's over-compensating.
3. Carlyle is one of the more conservative PE funds out there. They might overlook something like this for a genuine rainmaker, but he's not. He's a pre-mba associate that is essentially a DCF/M&A/Valuation excel monkey. There are a lot of those in the ocean who would kill for the job.
Working in finance is soul sucking. I would not recommend it to anyone.