I am the original poster of the complaint, and this is my response to the rebutal posted by an employee in "admissions" of the Private Equity Institute ("PEI"). I strongly suspect that this " admissions employee" is actually Matthew Murray, the owner of the PEI and so I will address my responses to him. BTW, there is no admissions exam to enter PEI, unless you count sending money through Paypal as the exam!
1. Matt, trust me when I say I am not one of your competitors. I am a former student. How would I know these facts if I weren't: You were fired by Rodman & Renshaw and now find it difficult to obtain another analyst position on Wall St., I and the other saps who took your course met with you for a week at your home while you tried to pressure us into working for you as unpaid interns while you were building pese.com (private equity stock exchange) using a computer programer in India, you use Google docs to manage all course files, one of your former instructor's name is Jeb Boccacio, your former associate who helped recruit students is named Jonathan Marks - I take it you feuded with him and he left, no? Shall I go on and on? NONE OF YOUR COMPETITOR'S TAKE YOU SERIOUSLY ENOUGH TO POST ON HERE. There are tons of former students unhappy with you.
2. Of course you are going to post only your positive testimonials, why would a rational person post negative reviews? The testimonials are probably by suckers who don't know any better; do you think a newbie can properly judge the quality of instruction when they've never had ANY exposure to finance, much less private equity? Out of the 10 students in my class, 9 were unhappy with the instruction and felt you were a con man. The 1 other guy was on the fence. There were active email discussions going forth between former students how much they feel ripped off. Do you want a slew of negative testominals from former students so you can post them on your site? I can get them for you if you want them, please let me know.
3. I'm not going to reveal my real name because frankly I am a little scared of you. I saw how vindictive and angry you can be first hand. I am outing you on usacomplaints.com only because my conscience kept eating at me how you are making a living off of other's fears and desperation of getting into finance/private equity. Doesn't it bother you that these people can't really afford to blow $1450 or $990 on a course if it truly doesn't benefit them educationally or career wise? I know I felt so angry and ripped off after I took your course.By the way i saw how the original consumer complaints mysteriously and suddenly got lower ranked on google once your response was posted. I must admit that you understand Google analytics and page ranking better than I do...
4. If your company is legit and can actually help people get jobs, then POST A LIST OF THE PRIVATE EQUITY FIRMS OR COMPANIES that hired your "graduates" on your website. You WON'T because very few people or none landed jobs at reputable private equity firms like KKR, Blackstone, Madison Dearborn, etc. I've heard that the only jobs people have gotten have been "mule" jobs at unknown or obscure firms. YOU WON'T POST A LIST OF YOUR TEACHERS because they probably don't have proper credentials to be teaching. How many worked at well known private equity firms? How many worked at well known investment banks? How many have advanced degrees (JD, MBA, PhD)? How many are current or former professors?
5.in my opinion, your course is worth about $20. Anyone with computer literacy can look up what you teach on Google, Investopedia, or other public sites and the level of comprehension and mastery would be the same as what you teach at. $1450 or $990 is COMPLETELY NOT WORTH IT!
Again, everything I've said so far is my opinion based on being one of your former students. I am not a competitor and have no interest how your business fares. I am reporting you on this site only to warn potential future students. Thanks, and shame on you for not feeling any remorse when you look at yourself in the mirror.
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