Hi, I am about to start the interview process at Cerberus for a VP job in their ops group. I will have 3 associates reporting to me and was wondering the following:
- Work hours: are the work hours still as stupid as they are at the analyst/associate level?
- Compensation: any idea about the salary + bonus range?
Given that I am currently not working in banking/PE but in corporate finance, that I work 55h a week and make around $300k a year with job security, I am wondering whether it is worth for me to make the jump.
The job is very interesting though.. usually the grooming stage necessary to take a CFO role in their group next
Thanks for your thoughts
Why not get the job first and then ask for input?
this could be way off base, but i am under the impression that VPs in Ops at BBs make under 200k
He's not talking about fucking BB ops. The word "operations" can mean a lot of things - like running the portfolio companies of PE firm, for instance.
OP: Ignore this forum. 90% of people here are 19 years old. The most senior people are associates
Correct - VP Ops would run the portfolio ie. drive due diligence for new deals, manage D2D management review with portfolio companies and board and I assume do some FP&A as well
where do you work 55h a week and pull 300k? also, how long have you been working there?
doesn't sound like a bad job
I am a CFO of a medium size subsidiary within a F100.... most CFO jobs will pay you that much. I am actually considered minimum wager :-) The price that comes with that is that you rarely work in fancy location - after a while it gets old
This doesn't really answer your question, but Cerberus is known for having a fantastic in-house ops teams. All the big megafunds have similar groups, but their ops teams are a lot smaller. Cerberus' group is almost as big as their investment team and were super active during the downturn.
Mollitia amet provident ipsum possimus eum. Et fugit ea esse inventore et modi.
Numquam enim voluptates enim voluptatibus neque repellendus. Rerum officia itaque dolorem omnis.
Temporibus iste aspernatur excepturi aliquid modi pariatur aliquid. Laboriosam porro porro nihil quis aperiam consequatur. Quo nostrum consequatur fuga dolorem. Nesciunt aut molestiae delectus dolores et nemo sapiente libero. Officiis ut inventore nobis qui animi enim dolores.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...