Advice Appreciated!
Looking to get some advice on my current situation - so here goes.
I've been with a shop for two years - it's a well-respected shop, I've learned a lot and very much enjoyed it. My team really likes me, and put me on accelerated promotion track. Buuuuuuuut, the remit of the investment mandate is fairly limited. Focused on credit investments (for mostly one type of risk / return profile (HY)) within a specific industry vertical.
I was recently offered a new opportunity (in the same industry vertical), but with a much broader investment remit. They can do credit (incl. special sits) and equity. Team is equally strong and comp is better. The reason I interviewed at this shop originally, was the flexible mandate - it allows me to keep a steep learning curve and opens up more opportunities (longer term - at least I presume so).
If I resign I suspect my current team will try to match (/improve) on my comp.
Both roles are based in NYC.
Is it better to stay at my current shop where I'm respected (and on track to do well), or is it better to make the jump to a broader role (with a steeper learning curve)? Keen to hear any thoughts/considerations!
Is there any chance the scope of your current mandate could increase with future fund raises?
Quite unlikely - at least not in the short / medium term. And definitely not into equity, as we have a separate team for this.
That's a tough call then. If you are earlier in your career then to me it makes sense to do things that give you the most options in the future.
As you get into mid / later stage stage of your career I have put more value on getting to work with a great team.
I am sure there is a lot more nuance in your situation so YMMV.
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