Would you leave a cushy role for something more prestigous and better-paying (
Current Role:
- Top-bucket at a bottom tier bank in a group that's among the top-performing groups
- Work 50-70 hours a week
- Comp was around 180K total
- Good deal flow
- Good relationship with each team member + work from home priveleges
New Role:
- Niche asset management role at a top fund (Apollo / KKR / BX / Carlyle)
- Long hours (maybe close to 90 a week?)
- Marginally better comp
- Never-ending work
I think if I don't leave this year, I will leave after getting my 2nd-year analyst bonus.
Let me know if you'd leave at the end of year one or the end of year two and why.
You shouldn’t be content with a “cushy” job at this stage of your career. You’re playing now for the long-term prospects; act / make decisions accordingly.
As someone who is sitting in a fairly cushy job out of undergrad, I would say go for what feels best. It sounds like you want to take the job based on your post, so I would say take it.
This is a debate I have internally a lot myself, but sometimes I consider the benefits that come from staying in the position I am in now (and considering the career progression ahead of me). Again, it seems like you want to take it based on your post, so if I were you, I would take it.
60 to 90 hours a week for a marginal comp increase sounds like insanity to me but that may be also why I'm not in IB.
Also, the common layman has heard of Bulge Brackets, but not Apollo/KKR and other funds, so these places are really only more "prestigious" to the finance hardos.
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