Fund I have been interviewing for (~3B AUM, ~5 people) has asked if I would be willing to come “visit” the office and the city they are based in for a day. This is after 3-4 rounds of interviews, meeting everyone in the group, stock pitches, etc. so I thought there wouldn’t be any further steps. Maybe they just want to hang out with me to feel me out in person or maybe they want to grill me/in person interview me which seems a bit excessive after everything. What do you guys think?
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I just did one of these a couple of weeks ago, it was mostly behavioral and a tiny bit of grilling to see how you function under abit of pressure and explain your pitches but mostly it’s just to make sure you’re going to be a good person to work with.
Pretty common, think of it this way they probably do not hire all the time and the person they hire they want to be with them the next 5 years. So why leave that level of doubt in there.
Basically every fund I encountered has asked for this.
Seems you know what you’re talking about, wanted your thoughts on this too:
This opportunity seems great but it’s in a very “remote” city (aka not amazing for young people, not a lot to do, etc). Would you still take something like this thinking back on your career?
Man, if this is the scenario then think flying out is also helpful for you maybe even spend 2-3 days there. Beyond that, depends what your other options are, is comp/taxes/lcol good, is there a city/place can travel to within 3 hours when need more of a lifestyle.
Also they may sense this hesitation from you and want to make sure you are happy to make that sacrifice.
Struggling offhand to come up with 3-5bn funds in remote cities. Not sure on size of some of these but left off funds I think are the wrong size
Minneapolis: whitebox or walleye
Kansas City: Palmer Square
that’s about all I have for “remote” cities…
Besides meeting you in person, good chance they are also looking to test your appetite for moving to that city before extending an offer.
Many funds like that will not consider a candidate if they sense he won't be willing to relocate. I suggest you show flexibility and willingness/eagerness to move if you want to get an offer.
I had a similar invite to a FO in Cincinnati a few years back. I didn't enjoy my trip or the city and they sensed it. I didn't get an offer and frankly didn't give a flying fuck.
In bschool, a reputable fund reached out to me. They were based in a remote city. At the time, I was recruiting for buyside jobs so I agreed to speak with them thinking that I could work there for a couple of years and move back to a large city. Things went well. They then asked me to fly out there to for a final round, kind of like yours. But the minute I got into town, I knew immediately that I couldn't spent any amount of time there, even though rationally I could justify it as a short term sacrifice to further my career.
So, yes, the firm is likely testing the water with you. But more importantly, you should look forward to making the trip because your gut will ultimately tell you what to do. For me, it felt wrong and after spending an entire day/night there, I got the hell out of Dodge, literally.
Good luck!
Sounds like Foxhaven in Charlottesville or a fund that decamped for West Palm. Either way make sure you like the locale so should go I would think.
Don't want to hijack this thread but what are some good excuses to give to your current firm to explain a couple days spent interviewing with a firm in person in a different city/state?
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