I'm evaluating if I should leave my current position and would appreciate some opinions on whether my position is as bad as I think it is or if I need to be patient and put in my time.
I currently work as an analyst on a private equity coverage team with a regional bank (<$100B) where we provide senior debt for LBOs.
My work on the team consists of:
- Preparing face pages
- Tracking covenants, financial performance, and performing quarterly reviews
- Being the first contact to borrowers for payments, draws, billing issues
- Spreading quarterly financials
- Whatever else the Portfolio Managers or Relationship Managers need, but mostly a bunch of administrative stuff
Deal flow is low enough that the PMs are able to handle all of the underwriting so I am usually not involved in modelling or writing/preparing credit presentations.
Comp right now is 66k with no bonus in a LCOL city and I have been in this position for 14 months.
My question is if I should start looking to leave?
Would moving to Wells Fargo's Middle Market FAP be a good move or would that be a step backwards?
I'm just getting frustrated not being involved in the interesting work and the lack of training.
Assumenda velit rerum vitae laboriosam tempore quisquam. Numquam provident cum illum in vel. Est delectus exercitationem similique non quia.
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