Am I (27) cooked? IR
I‘m located in Europe and my career after finishing my Masters was everything but smooth until now.
Had some internships in Market Risk at a renowned private bank and went back to finish my masters at a top 2 Uni in the country. After that due to bad luck I accepted a job at Credit Suisse but in a more compliance related role, but would track trading of parties related to M&A Deals done by the bank. During my time there I went and completed the CAIA charter to pivot more into the ALT space.
Left CS after it went bust and went to a fintech start up which creates PCCs to issue structured products but was let go due to restructuring (Fintech vibes)
Now in a tough job market I was given the chance to start an internship (after having had 2 FT positions) with a FoF Alternaive Investment Manager in an BD & Investor Relations Role (AuM 2bn). I‘m trying to get an full time offer as I would be eligible for Bonus and Carry.
I‘m working for 1/3 of my salary at the previous role during the internship at 27 yrs old.
I‘ve heard good and bad about BD/ IR roles but wanted to hear some of your opinions
Doesn't seem like this makes sense to post in HF section, more PE given the current offer being FoF. To be honest, yeah it kinda seems that you're cooked man. Bad luck all around with the restructuring and now having to go into an internship after FT. That said, there's people getting let go with literally nothing on the other side and people out there who have been completely unemployed for upwards of 4-5 months with no end in sight. In that respect, you're better off and in a better position. Would def wonder how likely is the FT transition for this role though, not whether or not to take it if this is all that's open and you need the money, but because you should probably keep trying to recruit FT while you're doing this for money.
Being cooked is subjective. What is your end goal? That’s really important. In my opinion with the BD/IR role you won’t touch the model/financial stuff, it’ll be a relationship role.
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