Advice on FT Private Credit Offer
Need advice on accepting a FT private credit offer as an AN1. Located in Tier 2 US city but most likely will be able to be remote, firm has roughly 50mm AUM, but is raising 125mm right now, <15 people in the entire firm. I have a verbal offer but no indication of salary yet, I will be getting it in writing in the next few weeks according to MD.
Pros: Really enjoy the team/culture, working roughly 60 hours a week, lots of direct involvement with deals and senior management, taken a lot responsibility (even as a summer analyst), ability to grow within the firm as they grow, not as stressful as equity deals
Cons: Don't want to move to the city it's located in if they require me to (they said maybe 2 years down the line), not a brand name firm
Anyone ideas on comp (base+bonus) for this size of a firm? Is it worth moving to the Tier 2 city if it comes to it (I live in a tier 1 city right now)?
I know I don't have the offer in writing yet but I am wondering if I should still interview with other firms.
My thinking as of today: If the pay is good and I don't need to move there for at least 2 years, then I would accept the offer.
that's a pretty small fund. would pass on it (unless your other option is unemployment)
Yea I feel like there are too many risks and not enough upside. It would be one thing if it were a PE or hf offer that had some potential for crazy upside, but this sounds like a small direct lender with no brand name at all.
And if you’re 100% remote you will never build a closeness with your boss, and that could make it very easy for him to chop you in lean times.
I am on call with my boss and other senior management 4-5 hours a day and have a really good relationship with a few of them. Do you have any ideas on base salary + bonus for this role?
How does $50MM work? Would think you’re competing with SBA banks and other commercial banks at that size.
Sequi qui ea dolor odit facere. Optio eius dolorum voluptates voluptatem autem.
Ut eaque accusamus et reiciendis modi et in. Ab aut adipisci et et eveniet fugiat possimus. Dignissimos corporis ut maiores ut. Qui unde et ullam voluptas sit iure sunt. Eligendi omnis recusandae reprehenderit labore quae voluptatibus.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...