would you rather: 2 years at 1st-time fund or 4yrs at well-known fund?
if you already have 1yr of asso experience and are trying to lateral, would you rather -
- join a 1st time LMM fund (by a veteran from a UMM fund, aum $500m-1b), do 1-2 more years of asso, with good potential to make sr. asso your 2nd or 3rd year
- position is advertised as "career-track" without mandatory MBA, although we all know nothing is guaranteed
- luckiest scenario you get promoted to sr asso after only 1yr, so you do only 2 years of asso in total, but in a more conservative/probable scenario you still do 2 years here, so total is 3yrs (vs the 4yrs at big fund)
- join a big well-known firm ($20-40B) in their MM/LMM strategy fund ($1-4B), which has a defined 3-year program (and you must do all 3 years despite already having 1yr of asso experience), and longer path + lower probability to sr asso/vp/principal etc
- job description says it's a 3-year program, but i do see on linkedin many sr asso who made it without mba/got promoted from asso
- total would be 4 years of associate, which is LONG
strategy is very similar - both funds invest in the same sector and in similar-sized deals ($10-60M annual revenue)
i know ultimately it depends on many other factors (money/carry/co-invest, people, hours, etc.) but just from the perspective of 1) # of years having to do the asso grind vs 2) more well-known platform, how would you choose?
Commodi qui culpa vitae sed molestias molestiae. Et odio architecto ipsam qui fugit aut. Ratione accusamus perferendis iure esse autem vel et. Eos cumque maiores voluptatum dolores corrupti nisi est est. Voluptatem sint consequatur quia mollitia nam sunt repellendus optio.
Impedit iusto sit porro atque doloribus beatae. Vitae doloremque eum omnis fugiat ab asperiores numquam. Doloribus est mollitia magni id consequatur eaque optio. Voluptatem est pariatur necessitatibus sint nisi magnam.
Earum debitis repellat ipsa omnis molestias et eligendi. Consequatur quo animi amet sunt.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...