General Question: What is your process in evaluating taking a job?
As a banker, I made a somewhat rash decision to lateral to a “better” group. This was primarily honestly due to a “grass is always greener” mentality and outside of the better brand name was probably not the correct decision to make given my priorities.
Now, I am sitting on an offer from a strong MM PE firm which I see as a more career opportunity vs. a temporary seat to sit in like banking. Beyond the obvious (track record, comp, etc.), I am wondering what your diligence process looks like in evaluating whether a PE opportunity you have received is “worth it”. Things like WLB / culture matter a lot to me, but it’s tough to get a read on this given the size of firm.
Apologies for the general question - trying to make a thoughtful decision.
Few thoughts:
This is good content and agreed.
Talk to people!
In addition to SaaSChimp, and the typical pay/CoL evaluation, I'd also look at how many people of the next rank/title were internally promoted from the title you are coming in at to that next title (sounds like Asso to VP for your situation). If you truly want to build a career as you mention, one way to potentially get comfortable with this being a possibility is to figure out how many have done it before you - should still assume it is a 2-3 year role for expectation level-setting.
For reference, I turned down a title bump to Asso at a firm closer to family with 40-50 hour weeks, and ~40% more pay in a higher COL state because no Asso had ever been promoted internally to VP and I would be pigeonholed into going to B School. Fund was likely struggling too.
My current firm is in a tertiary city a 3 hour flight from family and friends, with 60-70 hour work weeks. Pay is less but COL is lower than NY/CA, funds are doing well, and I'm not on the "up and out" model (supposedly).
Does the distance from family / friends bother you though?
Do you fly home often and do you eventually plan to move back?
Facing a similar dilemma in my FT job search as an MBA student. Thinking of taking a job in a 'tertiary' city (Charlotte, Atlanta, Nashville) and eventually move back home to family / friends (Tier 1 City - NYC / LA / Chicago type of city) within 2 years after graduating.
Yes it does - I fly home to see fam ~quarterly on Thursday evenings and fly back to my tertiary city Sunday evenings - I usually have it coincide with 3 day weekends too - think memorial day, etc.
I'm early/mid 20s - plan to move back by 30 - will move earlier for the right opportunity
And yes - fam is basically in a tier 1 city (1 hour South of one of the tier 1s you listed). I get home often enough, and fam comes to visit me sometimes too. Going to sound horrible but I just don't get to see my dog so I actually miss my dog a ton because I see my family more often than dog.
Other thing is that it's difficult to meet people in a tertiary city when you work 9-9 or worse. So the friends aspect is arguably worse than the fam situation. Thankfully, I've met a few people but still tough. Also rely on my fellow analysts a ton for social life, but ya I'm sure tier 1 city would be much better
Voluptas porro quos sed est amet cupiditate quis. Rerum illum dolor consequatur quibusdam. Tenetur dolorum quae nihil reprehenderit deleniti est.
Quo blanditiis et reprehenderit dolorem et. Perferendis placeat et minima id quo voluptatum molestias ab. Vel quae voluptatem quia tempore. Sequi neque aut aliquam rem. Veritatis adipisci ab voluptas neque aut qui.
Repudiandae ipsam eum aspernatur at. Voluptatem placeat modi voluptatem veniam excepturi nobis. Odit nemo consequatur non inventore. Magnam aut aliquid iure voluptatem ullam est beatae.
Dolores voluptate id quidem nihil ut eos tempore. Officiis quas animi sint perferendis aliquid sit tenetur. Dignissimos corrupti est voluptas quos. Assumenda ratione asperiores blanditiis quam. Vel voluptas itaque et quae.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...