Recently Moved, Not Enjoying it and Wondering How Long to Stay
I changed job last year moving to a reasonably sized operator. Overall people are very nice and it’s a pleasant work environment, but I’m really not clicking with the work culture to a point where I’m getting pretty frustrated with it. There’s a lot of micromanagement and even things like basic communications to LPs need to go through several layers of input / approval before it can go. There’s minimal junior support so I’m spending a lot of time on basic tasks and then having to iterate wasting more time. This compares to my previous role where I had minimal oversight and review was pretty limited other than likes of IC materials. I also had normal junior support (analyst / associate) to help in producing materials / handling easier time consuming workstreams. The lack of autonomy and junior support is really starting to frustrate me.
While the market is obviously slow now it looks like it could pick up over the coming 6-12 months. If I look for new roles then do the reasons above sound legitimate or does it come across as being a job hopper? I’m in a mid-sized and chatty regional market so interviewing needs to be done selectively. Am I better off giving it 2-3 years and then trying to move at that point into a Senior VP / Principal role somewhere else? I’ll still get a lot of good experience over that time and my seat is safe.
Just leave. Not that complicated. It will work out.
Based on the insights from Wall Street Oasis, it's crucial to carefully consider the timing and reasons for switching jobs to avoid being perceived as a job hopper. Here are some points to consider:
Legitimacy of Reasons for Leaving: Your reasons for considering a move—lack of autonomy, excessive micromanagement, and insufficient junior support—are indeed legitimate. These factors can significantly impact job satisfaction and professional growth.
Timing of the Job Switch: While the market is slow, planning your move within the next 6-12 months as it picks up sounds strategic. However, staying at least a year or two, if bearable, could position you better in the eyes of future employers who value stability.
Perception as a Job Hopper: In a mid-sized, chatty regional market, frequent job changes can indeed lead to being labeled as a job hopper. It's beneficial to have a solid tenure at each job to build a reputation for reliability and commitment.
Strategic Career Planning: If you can gain significant experience and possibly move into a higher role (Senior VP / Principal) by staying a bit longer, it might be worth considering. This could enhance your resume with a strong narrative of growth and depth in your current role.
Selective Interviewing: Given the regional market dynamics, being selective and discreet in your job search is wise. Networking and leveraging trusted contacts can be more effective and discreet than broadly applying.
In conclusion, while your frustrations are valid, weighing the potential benefits of gaining more experience and a possible promotion against the risks of being seen as a job hopper is crucial. If the work environment becomes too stifling despite these considerations, it might be necessary to prioritize your professional growth and well-being by seeking new opportunities.
Sources: ~3 years experience 3 jobs, should I be worried?, Burned Out - Quitting w/o an offer?, Q&A: 1st Year Analyst at MM IB, Employment Dilemma, Anyone start in RE and end up leaving for another industry?
Any indication that there’s room to hire more junior support? Tough perhaps with the current fundraising environment.
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