Left CS NY and Received Offer at MM SF in Cleantech: Should Accept?
Not a very conventional post, but I am very torn with lateral decision. Given the market recently with lateral hires, I am seeing more group cuts than growth. I left CS NYC recently given the whole integration with UBS. I have been interviewing and long-term, I would like to move to LA to eventually pursue PE/Investing role or become a career banker. The market for lateral hiring in NYC was been nothing short of morbid and I received an offer from a MM bank in clean tech as a second-year analyst giving me an above market salary with me being eligible for Associate by April 2024. They also are compensating me for moving expenses from NY to SF. Overall, the team has made some major changes through the years to expanding its team so that juniors are not so spread thin and offers an opportunity to pursue interesting deals within the clean tech space. Keep in mind, I lateraled into an esoteric IB role (one of CS best product groups) from Global Markets role through the internal mobility program. Moreover, I came from a non-target with a Bachelor in Finance. I like sustainability and see this as a space that is very new with a lot of room to run in the coming years. My main concern is if I will pigeon hole myself into the space and later have no exit opportunities. I have considered an MBA but I do not wish to take on more debt than I have to (have about 20k in loans left). The bottom line is this - should I accept the offer and use this as my next step to pursue my career on the west coast or should I hold out to stay in NYC and then make the move? Any advice and insight would be greatly appreciated.
Nah, stay jobless. I doubt others from CS would bother looking for alternate employment at this juncture. Just pop a blue tent on 52nd Street under the large Santa Claus inflatable.
It’s not great but it’s a job
Did you receive it today or is it expiring?
Received last week, both expiration as of now
It ultimately depends on what other opps you have in pipeline and how long you plan to stay at NGT
Deals are pretty dead in the cleantech space from what I hear.
NGT sf I heard was an absolute grinder which is why they have do many vacancy right now.
Agree / I wouldn’t take this role. Especially if you’re not coming from a power background
chiming in - know someone who spent some analyst years there and sounds like Greentech is sweaty af. Historically, apparently a really good reputation in the greentech space, but absolute grind
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