Buy side or stick it out?
Currently in restructuring consulting. Considering a LMM/MM special sits seat but struggling to handicap the impact the smaller transaction size and team/platform will have on my career. I’m not unhappy in my currently role so sticking around for a bit before pursuing other opportunities is an option as well. Any thoughts would be much appreciated.
Hi Associate 2 in Consulting, no, I never sleep and so I can respond to any lonely threads (like this one) at all hours of the night. Impressive, I know ;-)
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Hope that helps.
While its not a red line, typically moving upstream on the buyside is hard - both in terms of deal size and brand. I suppose the question to ask yourself is if you stay longer in your current role, do you think you'll be able to get a better (however it is you personally define that) seat down the road. Also, with the offer you have - things to think about is it a good team, good culture, stable, growing, longer term career prospects, etc? Have others in your current role get what you'd deem better opportunities or is your current offer kinda the peak of what's available. Based on the limited info you provided, saying or leaving both seem like reasonable options.
This helpful, thank you.
What's the ideal type of role you're aiming for as a next step?
Is it simply to move over to Special Sits or specifically at a larger shop that entails in "more interesting work / prestige / compensation"?
Curious as to what your thoughts are as I'm also in RX consulting and plan on jumping to buyside credit.
OP here. Ultimately I want to invest in interesting off the run credit opportunities and special situations- with a focus on distressed when it is attractive. Moving to this opportunity would afford me the ability to develop that skillset and do work I find most interesting (outside looking in) sooner. But, it may not be the “peak” of what’s out there for me.
While a larger shop simply for the sake of being larger and prestige are not standalone goals for me- the “prestige” (aka optionality), size, quality of people, and comp upside they offer are attractive especially early in my career.
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