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.
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