Advice Needed: Transition from CF to PE

Hey WSO! I was recently approached by a Private Equity firm for an opportunity to join the team as an FP&A Manager but just was promoted in July at my current employer to a Sr. Financial Analyst in FP&A. When I moved into the Sr. Analyst FP&A role, I was already working for the company and was given the opportunity based on some professional relationships I created, but was not given any type of raise in compensation for the move (disheartening, but I knew the title change was good for my career path).

For some additional context, two of the analysts left our group within the last month, so the existing team's workload has been taking the burden since their departures. About two months ago, I was approached for an interview with this MM Private Equity firm and after 7 interviews, they've chosen to make me an offer for nearly double my current salary.

It's obvious to me that taking this Private Equity offer is likely the best option for my career; it provides me with a managerial title, a better work-life balance, and a large increase in pay. However, I'm skeptical to jump on board so quickly since I've only held my current role for 3 months, there is a new potential opportunity to move up the chain after the two analyst departures, and the chance that leaving so abruptly would ruin those professional relationships I worked so hard to create.

Just curious what you all would do in a situation like this one. For personal reasons, I'm leaning toward the P/E opportunity as I do have a wedding to pay for on top of an MBA I'm expecting to graduate with in December.

Any insights would be much appreciated!

 

Quo et explicabo deserunt. Dignissimos quasi ad aliquam cum porro sunt quo.

Career Advancement Opportunities

May 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 99.0%
  • Warburg Pincus 98.4%
  • KKR (Kohlberg Kravis Roberts) 97.9%
  • Bain Capital 97.4%

Overall Employee Satisfaction

May 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 98.9%
  • KKR (Kohlberg Kravis Roberts) 98.4%
  • Ardian 97.9%
  • Bain Capital 97.4%

Professional Growth Opportunities

May 2024 Private Equity

  • The Riverside Company 99.5%
  • Bain Capital 99.0%
  • Blackstone Group 98.4%
  • Warburg Pincus 97.9%
  • Starwood Capital Group 97.4%

Total Avg Compensation

May 2024 Private Equity

  • Principal (9) $653
  • Director/MD (22) $569
  • Vice President (92) $362
  • 3rd+ Year Associate (91) $281
  • 2nd Year Associate (206) $268
  • 1st Year Associate (389) $229
  • 3rd+ Year Analyst (29) $154
  • 2nd Year Analyst (83) $134
  • 1st Year Analyst (246) $122
  • Intern/Summer Associate (32) $82
  • Intern/Summer Analyst (316) $59
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
GameTheory's picture
GameTheory
98.9
6
kanon's picture
kanon
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”