Here is my case:
I have almost 3 years of experience in transfer pricing (2 different countries in Europe, only B4 experience) where I've been able to learn about debt capacity analysis, interest rate pricing, and some intangibles and business valuation (just a little bit of the latter).
The area where I would really like to work is on Valuations, getting to see a lot of equity valuations for PE companies, option pricing, etc. etc. I am also a L3 Candidate.
I've received an offer for the Valuations team of another service provider (not top firm, BDO/Grant Th/Baker Tilly), but I am not sure whether I should take it or I should keep searching. Below my summary of pros and cons:
Pros:
1) I will finally be able to switch from transfer pricing, since I have 3 years of exp and I'm starting to get too pigeonholed.
2) They'll keep my seniority, and salary will actually be 15% higher
3) I will be switching to the area where I really want to be
Cons:
1) The firm that has made the offer is not a B4, but a second-tier one.
2) The team is quite new in this country, so they are just a few and I am afraid that the projects that I'll be working on will be somehow shitty.
3) I have seen the profile of the guy that interviewed me and honestly is nothing impressive. I am really scared of joining a team where no one/almost no one can teach me and where there is no one from whom I can learn a lot.
In a nutshell, I don't know whether I should take this opp and secure my switch, or I should keep searching for more opps at better places (B4 basically).
Any opinions? Thanks!
Just my two cents:
You have the opportunity to join the sector that you wanted, in the area you wanted with a higher salary.
As far as I know, BDO/GT/etc aren't that far from the level of the BIG 4s. Regarding the team, you did not mention the positive sides, namely the opportunity for you to have a bigger role and responsabilities. In terms of professional development, it might be important based on your relative small experience in the sector.
To conclude, I've seen too many people being risk-adverse in their career choices. In the end, I recall the majority had regrets.
In other words... take the offer!
Thanks for your input!
As you said, true that there should be more opportunity for bigger responsibility and development, but I am afraid of not acquiring a solid technical knowledge, it's just that.
Cheers
If they are new to the country, could that allow you a lot of leadership opportunities you might not otherwise get? Just this might make it worth it.
I would say so about leadership opportunities / team develpment. Let me quote you some sentences from the job ad: "Support in developing the corporate finance desk and mantain client relationships" "Ability to develop quickly managing skills" Why do you guys give so much importance to the leadership opportunities? I agree these are quite important, but I would say the first thing is to gain a strong technical knowledge from which you can build a stable and knowledgeable team, no?
I'm just telling you how I would evaluate the job opportunity. For me, I would value the leadership skills over the technical as I would think the technical skills would come. Unless, you think no one throughout the entire firm has the skills, then you should be fine. If you run into problems, you should be able to reach out to people in other locations for help.
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