NPV of EB IB in Dubai vs MF REPE in London
Hi monkeys,
A bit of an odd question, but it's because of my current situation. Hypothetically, assuming average career progression and a constant post-tax savings rate, after 15y in both roles, which will leave you with a higher net worth? Obviously you'll get quite a bit of carry in REPE at that point but that takes a long time to realise. On the other hand, in Dubai, comp is quite a bit higher than in London, plus you get housing allowance, it's tax-free, etc. which allows you to save a lot early on.
Thanks!
No idea
Obviously, I am not an experienced MD or PE partner but feel like it would be EB IB. Taxes in London are too high.
This should also be probability adjusted. Making MD at the EB would be comparatively easier than getting significant carry in the MF REPE role.
Probability of you staying long enough to be 1) allocated carry and 2) probability you continue to stay so you acc get the carry - here there’s a willingness component and a promotion component (you could get promoted and not wanna stay and the other way round)
As for expected earnings; the real estate gig may be easier to compute (assuming you’re London based and stay at a fund of certain size until the end of x years). The other market is still ripe, and the EB’s position in said market can easily change in the coming years, not to mention general deal flow in the region. So coming up with a number here requires more assumptions.
In either case coming up with a number will require a number of big IFs which I think will leave you fooled. The 2 jobs are completely different and in different parts of the world - if you’re willing to completely overlook this prioritising your earnings prospects in the process one would assume you can work hard enough to get paid/promoted either way. Go with the job you wanna do.
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