Post-UG (non target) I did a 3-yr FLDP in a major market where I rotated through 3 varied corporate finance roles at the HQ of a F500. I had a great experience and was able to work on high profile projects/transactions. I left after 3 years (last summer) to go to a private MM company to work with a newly brought in CEO on a turnaround - was able to double my comp and am now in a position I like where I'm doing interesting work. My plan was to take GMAT this year and apply for Bschool to move into MBB/T2 consulting.
A mentor that I worked for at the F500 since left to join a new venture as head of finance working with the CEO and wants to bring me on as his initial hire. The new venture has a lot of funding behind it and interesting work on the horizon (inorganic growth & raising debt). The role would be a mix of corp dev/treasury/fp&a and business ops with the expectation that I'd focus on corp dev/treasury once more is set up. This seems like a great opportunity. I do not know the comp but shared where I'm currently at so that no one is surprised/wasting time),
My questions: 1. Are early-stage companies majority-owned by PE typically willing to give equity as a component of comp?
Should equity be a major factor in my decision, even if the comp is above what I'm currently at? And should I not ask about equity until offer is in hand?
Assuming new company is open on start dates (said he was) is it worth it for me to stick out 1 year and start this new role in June? (would allow me to see-through the turnaround)
If is not the right thing for me long-term, would consulting firms see this experience as valuable? Possible to move to T2 from this w/o bschool?
anyone?
I’d say take the job. Senior leadership experience is much more important than MBA. You are certainly entitled to ask for equity given the early-stage nature of the business.
It’s not like business schools are going away. That option will always be there.
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