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
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