Holding Out For A Front Office Position?
Here's the deal - I completed undergrad in 2008. Top-25 school, 3.5, varsity athlete, ran a successful business in college. Last December I passed CFA Level I.
Right now I work in a dead end job. It's financial reporting, nobody has ambition or has gotten raises in forever, and 2 of my coworkers didn't even go to college. Literally, it's a bunch of soccer moms and they are all (including my boss) lifers.
This week I got passed over for a Front Office position in Asset Management (I made it to the final round). A friend of mine says he can get me into the door of a BB for credit risk management - they really need people and my skillset fits their need exactly. My comp would be higher (40%+ all in), and the people I'd be working with would be much smarter than my current coworkers. The exit opportunities would be much better as well, but not Front Office. I would not be working with Traders or PMs, but I'd be working with Research Analysts - I don't want to do research.
Obviously I want to be in a Front Office position, but I am reaching that dreaded 2 years of experience, after which, I wouldn't be considered for any entry level analyst roles in the Front Office. Should I take the risk management position if offered? Or should I hold off for a Front Office position? I interviewed and made it to the final round for the one I just got dinged for, so I do believe that I am a competitive candidate for Front Office positions.
Also note that I just started my current position in February and it may look like I would be job hopping if I went from Position 1 --> Current Position --> BB Position, and then applied for a Front Office position all within a year. On the other hand, the economy is improving, so maybe I can land a Front Office position after all!