Seeking advice into current situation. I’m from a non target, still junior analyst level, was working in a middle market IBD in NYC. I am currently looking at two routes, either entering another IBD role with the communications team (i.e. RBC, BNP) or joining a family office. I’m unsure of what my career goal is, but I want to go to business school eventually and get to Silicon Valley.
The family office is relatively small, roughly $100mm (although family net worth is in the B’s), and they’re looking to bring on an analyst to help build out their venture/growth equity platform. The work at the FO will be slow, working directly with the CIO (small team). In terms of going to B school, the father is a hedge fund titan and connected at many elite schools, and he is known to write positive letters of rec - downside, is the upward mobility here is low and the role is temporary with only a short to medium term need. Unsure of what FO pay will be, I assume it will be competitive to whatever street average is.
I guess the question is given the above info, which gives the greatest opportunity to make it into Tech/telecom VC / b school? Any thoughts here on which to pursue?
Related Resource: WSO Family Office Database
Hi That'sMyQuant, any of these threads helpful:
Fingers crossed that one of those helps you.
Bump
Good god go for the IB role. No question about it.
You're not going to be able to add a ton of value to a principal investing role with the very little experience you have at this stage. So you'll probably end up doing a lot of administrative work, which will put you on a very bad path for business school / post-business school
By your own account the job is temporary. So then what? Some %age of the people you're pitching yourself to for your next role are not going to believe that the job was always intended to be temporary, or they'll assume that if you knowingly took a temporary role it was your best option
On the same theme: Finish your analyst years, somewhere, anywhere. Lateraling between A1 and A2 is totally fine, and makes you look in demand. Leaving early (unless it's for an obvious upgrade, which a new and smallish FO is not) makes you look like a washout
As you may have gathered from reading other threads, a fairly common route to business school is 2-3 years as an analyst, followed by 1-3 years of something else. So go work at this or another FO after IB / before business school. It will be easier to get that job than it will a PE or HF job
Stay in touch with the FO and tell them you weren't comfortable with your ability to add sufficient value at this stage
Not necessarily relevant but just as an aside, RBC and BNP are not in the same category, at least not in the US. RBC way stronger (and I've never worked there)
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