LO AM to MM HF
Hi all,
I have 3 YOE at a LO AM equities fund. My comp isn't good for a number of reasons despite good performance and full independent coverage of 3 sectors and coding in python for a number of proprietary analytics:
1) I lateraled from MO to FO (not the traditional route)
2) I'm on a temp (intra-transfer) work visa in US, puts me at a difficult negotiating position
I'm currently making 145K all in.
Recent performance review was good but the employer is holding the green card sponsorship over my head for less than ideal compensation boost. He's mentioned that I'd likely hit above 200K all in, in about 3 years, with base to bump up between 3~5% per annum until then.
I have an offer from Point72 for an analyst role for more than double the current comp.
For context, this green card is very important to me because I have a property and mortgage in my home country that's eating away at our saving despite renting it out. I'd really like to be on track to green card so that I can get rid of those assets and fully settle down in US. Not sure how Point72 sees employment and green card sponsorship. Also, I have 2 young children and would like to be able to keep a strong bond with them..
Should I take this?
I'd appreciate any advice...
Based on the most helpful WSO content, here's what you need to consider:
Compensation vs. Green Card Sponsorship: Your current employer is leveraging your green card sponsorship to keep your compensation below market. While the promise of hitting $200K in 3 years is there, it's still significantly below what Point72 is offering now. If Point72 is willing to sponsor your green card, this could be a game-changer. You should confirm their stance on visa sponsorship before making any decisions.
Career Trajectory: Moving to Point72, a well-known MM hedge fund, could significantly boost your career trajectory. The experience and brand name could open doors to even better opportunities in the future. However, MM hedge funds are known for being performance-driven, with higher pressure and potentially longer hours. Consider whether this aligns with your personal and family priorities.
Family Considerations: With two young children, work-life balance is crucial. Your current role may offer more stability and predictability compared to the high-pressure environment at Point72. If maintaining a strong bond with your family is a top priority, weigh this heavily in your decision.
Financial Obligations: The higher compensation at Point72 could help alleviate the financial strain from your property and mortgage in your home country. However, if the green card process is delayed or uncertain, it could prolong your financial challenges.
Actionable Steps: - Clarify Sponsorship: Reach out to Point72 and confirm their policy on green card sponsorship. This is a critical factor in your decision. - Negotiate with Current Employer: Use the Point72 offer as leverage to negotiate better compensation or a faster green card timeline with your current employer. Highlight your contributions and the risk of losing you to a competitor. - Evaluate Long-Term Goals: Consider your long-term career and personal goals. If settling in the US and securing a green card is your top priority, ensure that any move aligns with this objective.
Ultimately, if Point72 offers green card sponsorship and you're comfortable with the potential lifestyle changes, it could be a strong move. However, if stability and family time are paramount, staying in your current role while negotiating better terms might be the better choice.
Sources: Point72 Interview Nightmare, please help Lateral Analyst - Should I take this offer? (MM>EB), Internal Transfer Offer Letter 1st Year Financial Analyst, Is my American Dream Over?, Acquisitions Analyst Compensation
If that’s your offer take it and work as hard as you humanly can at p72 without sacrificing 8h sleep and health
What are the hours like at p72?
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