Moving from top tier well known long only to small shop
I am considering a move from a top/near top tier long only (Wellington/Templeton) as a quantitative top down analyst to a relatively unknown quantitatively driven long/short equity shop (3B AUM). The long/short equity shop has a great track record. I think I can learn a lot more at the quant shop than at the traditional asset manager.
My concern is, while I want to stick around at the new place for a long time and have a great career, if things don't work out, would I be less employable because of the less well known name of the new shop? What would you guys do in my shoe (25 yo, no kids, no roots, not married, just student loans)
Making 115k all in at the long only, and that increases around 10% every year in a long stable career. At the quant shop I'll be paid a slightly higher base and the incentive comp is a (very small) % of AUM. All in initial offer is about 120k.
What 3B long/shorts are completely unknown? That's a pretty big fund, so I'd imagine the stability is okay especially with a track record... not a quant guy but would assume there's nobody's gonna dog you for moving to a 3B fund even if it's in Jacksonville and nobody's ever heard of it. Plus getting a slice of the actual pie is the end game for all of us, so that's a damn nice offer that would probably increase with seniority over there.
+1
A $3B fund might be unknown on main street but that's a sizable fund and should be well known in the quant community. Don't worry. You'll still be employable if things don't work out.
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