Stupid to jump ship to look for better culture?
Have 4 YOE in IB/PE and am coming up on a year into my first SM role. We are effectively in a senior PM / multiple sub PM model. Day to day I work with a couple sub PMs but workflow is all directed by the senior PM. I was having a good time ramping up under the sub PMs but now I'm interacting more with the senior PM and really just cannot stand him. Quick synopsis is he doesn't engage in back-and-forth ideation, mostly just directs people around, and kindof lays back and expects things to come to him (he isn't hands-on and is frequently OOO but will ping to make sure you're still working). He's got an output-based level of measuring work as opposed to rewarding smart/thorough ideas, so he'll create random analyses if he doesn't think people are working hard enough - will be quick to tell you to do more work first if you come back too fast or come back with a short-looking set of materials.
In the end, he will make comp decisions, and promotion decisions - and I would rather build social capital somewhere where I want to work up. Right now I feel like I couldn't bear being a sub PM reporting to him in 4-5 years. Is this stupid to start making the move <1 year in? I haven't got a bonus yet so don't know how generous he is, and I like our strategy, our fund performance and fundraising is pretty good, I like the future economic structure if I was to get promoted (ownership of GP of ~$2bn fund) and like the main sub PM I work under (talk to them every day) and only pitch to our senior PM on a week to week basis. But most importantly I don't see what's the point of putting in my time here if I don't want to work under this guy in the future. Basically want to check if the view is that friendly/collaborative culture is just something I can't wish for in this industry (if I'm still trying to land at a good shop), or if this is a problem easily solved by recruiting again.
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IMO you should always be looking, but personally this doesn’t seem like enough that would make me jump ship immediately, unless a substantially better opportunity came along.
Your boss seems kind of ‘meh’ and I don’t think ‘meh’ is a good enough reason to move, assuming everything else (comp, learning, returns, etc.) are decent.
At your current level of experience, you don’t have a ton of leverage, you still have a decent runway to learn from the sub-PMs above you, and most people would be a bit skeptical of why you’re leaving so soon.
Most PMs are kind of assholes, and the better they are the worse they behave (generally).
You should keep an eye out for better opps but would heavily advise you against leaving w/in 1-2 yrs unless you find your dream/LT gig. People hate flighty candidates come hiring time.
I've left a couple of jobs in 1 and 2 yrs for legitimate reasons imo but get redflagged for it today too.
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