Laid off, got lucky with a new great gig but scared of earnings potential. Any advice?
Hi guys. I did IB 2 years then Lower MM PE for 1 year, I was laid off. I spam applied and got a random gig in "Growth" at a startup. My all in comp for my first year was $255k and hours are around 40.
All seems very well but the issue is I have no idea how this will scale at all. I do not have any equity, all cash comp. (I am too junior, 25 years old). Now that I am no longer in the running of "higher finance" (I know that term is cringe) my future earnings and ceiling just fell off a cliff most would agree right? Any tips or advice to maximize these earnings? I feel like my all in comp is pretty decent.
You're not that far removed from "higher finance" if you wanted to go back - your brand of IB and LMM PE will kind of determine what caliber of firm is realistic. Once you start to get 2+ years out it starts to become more difficult.
While the comp at your current role is nice you are taking a lot of risk for not a lot of upside. Not really job security and not really any upside if it goes well since you don't have equity. If you're leaving a front office finance role for lower pay, at least give yourself a chance to hit a home run if things go well. Right now best you can hit is a double and there's a risk the company flops if it truly is a "start-up".
So are you saying no one should leave IB unless they can score a high-paid startup role with a bunch of upside? Why do you all tell prospects then to pursue IB if they aren't interested in career banking or the buyside? You're admitting that corporate exits by and large are worthless and overrated?
Take the bird in hand and keep recruiting
You’re making $255k working 40hours a week and you’re worried about IB?
I seriously don’t understand these people. Do they know how much people on average make in corporate even with IB experience. Delusional questions.
I'd be more concerned why you are not getting any equity if you are working at a startup. That is really the whole point of working at a start up lol. Doesn't make sense they are spending so much cash on a junior employee.
In a similar spot. Just got an offer for Corp Strat at a F100. Base $175K, 20K target bonus, additional up to 20K discretionary individual performance bonus. MCOL with 6+ years of banking experience. Is this a good offer in 2025? What should I be expecting for future comp progression?
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