Join a startup SM out of undergrad?
Senior at Harvard. Was going to work at a MM post-grad, where I interned. But I just got the opportunity to work at a recently launched SM as the 5th investor. Fund is about 700mm aum, launched in 2020 and has crushed it since. Founders are quite pedigreed and the team is stellar. Base pay is also better and I'd be linked to PnL as soon as I started. Take the job?
Based on the most helpful WSO content, it seems like you're in a pretty exciting position! Both options have their merits, but let's break it down:
Joining a startup SM: This could be a great opportunity to learn a lot quickly, given the smaller team size. You'd likely have more responsibilities and a chance to make a significant impact. Plus, being linked to PnL from the start could be a great financial incentive. However, startups can be risky - it's important to consider the stability of the fund and your job security.
Working at a MM post-grad: This could offer more stability and a structured learning environment. It's a more traditional path, which could be beneficial if you decide to switch roles or firms in the future. However, you might not have as much immediate impact or responsibility.
Ultimately, the decision depends on your personal career goals and risk tolerance. If you're excited by the startup environment and willing to take on the risk, the SM could be a great fit. If you prefer a more structured and stable environment, the MM might be a better choice. Remember, there's no one-size-fits-all answer here - it's about what feels right for you. Good luck with your decision!
Sources: Join startup HF or pursue MBA? Seeking advice.., Help! MD is asking me to come with him, https://www.wallstreetoasis.com/forum/private-equity/going-from-mm-investment-bank-to-mega-fund?customgpt=1
why is this in the VC forum?
I'm assuming this is Sahana Capital?
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Bump is this Sahana?
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